Inflation Targeting in Practice
AbstractThis paper offers a practical guide for the adoption of inflation targeting as a monetary policy strategy. It discusses the practical issues that have risen in the operation of an inflation targeting framework, and highlights the five major features of a framework: assignment of the target, interaction with other policy goals, definition of the target, accountability, and role of inflation forecasts. It concludes with an assessment of the economic performance of the inflation targeting countries.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 97/35.
Date of creation: 01 Mar 1997
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- NEP-ALL-2013-02-16 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andreas Fischer, 1993. "Inflation Targeting: The New Zealand and Canadian Cases," Cato Journal, Cato Journal, Cato Institute, vol. 13(1), pages 1-27, Spring/Su.
- Miguel A. Savastano & Paul R. Masson & Sunil Sharma, 1997. "The Scope for Inflation Targeting in Developing Countries," IMF Working Papers 97/130, International Monetary Fund.
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