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Inflation Targeting in Emerging Market and Transition Economies: Lessons After a Decade Author info | Abstract | Publisher info | Download info | Related research | Statistics Amato, Jeffery D.
Gerlach, Stefan
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Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this Paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange rate targets and (d) the specification of inflation targets. Our overall conclusion is that, suitably modified, IT is a useful policy strategy for EMEs.
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number
3074.
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Date of creation: Nov 2001Date of revision:
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Keywords: central banks inflation targeting monetary Policy Other versions of this item:
Find related papers by JEL classification: E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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