Front Matter Page
Monetary and Capital Markets Department
Authorized for distribution by İnci Ötker-Robe
Contents
I. Introduction
II. Motivation for adopting Inflation Targeting
III. Conditions at the Time of Introducing Inflation Targeting
IV. Transition to Full-Fledged Inflation Targeting
V. Benefits of Inflation Targeting
VI. Challenges in Implementing the Inflation Targeting Framework
A. Challenges Faced to mid-2007
B. Challenges from mid-2007 to mid-2008
VII. Lessons from Country Experiences
References
Tables
1. Motivation for Adopting Inflation Targeting
2. Main Elements of Successful Inflation Targeting Implementation
3. Summary Status of Inflation Targeting Preconditions at the Time of Inflation Targeting Adoption
4. Transition to Full-Fledged Inflation Targeting
5. Emerging Europe Inflation Targeting Countries: Policy Responses Following the Commodity Price Shocks
Figures
1. Coordination of Other Supporting Economic Reforms/Policies with Capacity
2. Inflation Targeting Countries: Actual versus Targeted Inflation, June 2008
3. Sample Emerging Market Countries—Evolution of Actual Inflation Relative to Official Targets, January 2002-June 2008
4. Inflation Performance and Monetary policy Frameworks
5. Inflation Targeting Countries: Policy Rate Changes, July 2007–June 2008
6. Inflation Expectations vs. Actual and Targeted Inflation, June 2008
Appendixes
I. Background and Brief Summary of the Book On Implementing Full-Fledged Inflation Targeting Regimes: Saying What You Do and Doing What you Say
II. Detailed Information on Country Experiences