Inflation Targeting – Between Theory And Reality
AbstractThe paper provides an analysis of the general inflation targeting framework and its implications on macroeconomic performance improvement. Usually, the strategies are similar across countries, but specific conditions related to financial system stability, bank independence, transparency or credibility may differ from country to country, despite their level of development. It also examines whether certain conditions have to be met before emerging countries pass to this regime of monetary policy and brings different evidence to these requirements. We then examine some of industrialized and emerging economies that have been assessed to prove to what extent the inflation targeting decision contributed to a successful functioning market economy.
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Bibliographic InfoArticle provided by University of Petrosani, Romania in its journal Annals of the University of Petrosani - Economics.
Volume (Year): 10 (2010)
Issue (Month): 3 ()
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Web page: http://www.upet.ro/
inflation targeting; monetary policy; central banks; independence; transparency; credibility;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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- Dumitru Ciobanu, 2012. "The Horizon of Prediction for Exchange Rate Eur-Leu," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(2), pages 85-92.
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