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Adopting Inflation Targeting
			: Practical Issues for Emerging Market Countries

Adopting Inflation Targeting : Practical Issues for Emerging Market Countries »

Series: Occasional Papers

Author(s): Mark Zelmer , and Andrea Schaechter

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 December 2000

DOI: http://dx.doi.org/10.5089/9781557759917.084

ISBN: 9781557759917

Keywords: Emerging markets, Inflation targeting, inflation, monetary policy, central bank, inflation targeting framework

This report on Adopting Inflation Targeting describes the trade-offs raised in the formulation of an inflation targeting framework and states the approaches to these trade-offs used by inflation targeting countries...

Inflation Targeting in Practice

Inflation Targeting in Practice »

Source: Inflation Targeting in Practice

Volume/Issue: 1997/35

Series: IMF Working Papers

Author(s): Guy Debelle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1997

ISBN: 9781451845310

Keywords: Inflation Targeting, Monetary Policy Framework, inflation, inflation target, inflation rate

In recent years, an inflation targeting framework for monetary policy has been adopted in a number of industrial countries. This paper discusses the practical issues that have arisen under the operation of the new...

Inflation Targeting Lite1

Inflation Targeting Lite1 »

Source: Inflation Targeting Lite

Volume/Issue: 2003/12

Series: IMF Working Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842920

Keywords: Monetary policy framework, central bank, inflation, inflation target,

Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emer...

Inflation Targeting Regimes

Inflation Targeting Regimes »

Source: Inflation Targeting Regimes

Volume/Issue: 2003/9

Series: IMF Working Papers

Author(s): Alina Carare , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842616

Keywords: Monetary policy framework, central bank, inflation, inflation target,

This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This clas...

Greater Monetary Policy Transparency for the G3

Greater Monetary Policy Transparency for the G3 »

Source: Greater Monetary Policy Transparency for the G3 : Lessons From Full-Fledged Inflation Targeters

Volume/Issue: 2003/218

Series: IMF Working Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

ISBN: 9781451875164

Keywords: monetary policy framework, central bank, inflation, inflation target,

The experience of full-fledged inflation targeting (FFIT) countries is used here to shed light on the costs and benefits of greater monetary policy transparency for the G3. For the United States and the euro area,...

Inflation Inertia in Egypt and its Policy Implications

Inflation Inertia in Egypt and its Policy Implications »

Source: Inflation Inertia in Egypt and its Policy Implications

Volume/Issue: 2011/160

Series: IMF Working Papers

Author(s): Kenji Moriyama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781455297733

Keywords: Inflation, central bank, inflation targeting, monetary policy framework

This paper investigates the degree of inflation inertia in Egypt and its determinants using the cross country data consisting of over 100 countries. Medium-unbiased estimator of inflation inertia in Egypt is high c...

The Relative Merits and Implications of Inflation Targeting for South Africa

The Relative Merits and Implications of Inflation Targeting for South Africa »

Source: The Relative Merits and Implications of Inflation Targeting for South Africa

Volume/Issue: 1999/116

Series: IMF Working Papers

Author(s): Gunnar Jonsson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1999

ISBN: 9781451853919

Keywords: South Africa, Inflation Targeting, inflation, monetary policy, central bank, inflation targeting framework

This paper describes the main elements of inflation targeting, reviews its pros and cons, and examines the experiences thus far in countries using this framework. It discusses the implications and relative merits o...

Inflation Targeting and the IMF

Inflation Targeting and the IMF »

Source: Inflation Targeting and the IMF

Volume/Issue: 2006/006

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2006

ISBN: 9781498332927

Keywords: Developing countries, Emerging markets, Fund, Inflation targeting, Central bank independence, Central bank autonomy, Monetary policy instruments, Exchange rate policy, inflation target, targeter

Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting coun...

What Measure of Inflation Should a Developing Country Central Bank Target?1

What Measure of Inflation Should a Developing Country Central Bank Target?1 »

Source: What Measure of Inflation Should a Developing Country Central Bank Target?

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...

Tunisia Monetary Policy Since the Arab Spring: The Fall of the Exchange Rate Anchor and Rise of Inflation Targeting

Tunisia Monetary Policy Since the Arab Spring: The Fall of the Exchange Rate Anchor and Rise of Inflation Targeting »

Source: Tunisia Monetary Policy Since the Arab Spring: The Fall of the Exchange Rate Anchor and Rise of Inflation Targeting

Volume/Issue: 2020/167

Series: IMF Working Papers

Author(s): Nicolas End , Mariam El Hamiani Khatat , and Rym Kolsi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2020

ISBN: 9781513555027

Keywords: monetary policy framework, inflation targeting, monetary transmission, monetary operations, foreign exchange interventions, exchange rate passthrough, external shocks.

In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting has proven to be ineffective due to the composition of reserve money, structural liquidity defic...