Establishing Initial Conditions in Support of Inflation Targeting
AbstractThis paper provides some practical advice on establishing initial conditions in support of an inflation-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and accountability for achieving this objective; macroeconomic stability; a sufficiently well-developed and stable financial system; and effective policy implementation tools. The measures taken by countries to meet these conditions are also reviewed.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 02/102.
Date of creation: 01 Jun 2002
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- World Bank & International Monetory Fund, 2001. "Developing Government Bond Markets : A Handbook," World Bank Publications, The World Bank, number 13865, March.
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