Cover Inflation Targeting in Practice
Inflation Targeting in Practice
Strategic and Operational Issues and Application to Emerging Market Economies
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Abstract

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting.

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Editor:
Mr. Mario I. Bléjer
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,
Mr. Alain Ize
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Mr. Alfredo Mario Leone
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Mr. Sérgio Ribeiro da Costa Werlang https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
21 Aug 2000
DOI:
https://doi.org/10.5089/9781557758897.071
ISBN:
9781557758897
Pages:
108
Keywords:
BOOK; inflation expectation; monetary policy; inflation targeting framework; monetary policy transmission mechanism; monetary policy decision; exchange rate band; Inflation targeting; Inflation; Exchange rates; Exchange rate arrangements; Consumer price indexes; East Asia; Global; Asia and Pacific; Middle East; Eastern Europe
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
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