The early years of inflation targeting: Review and outlook
AbstractThis paper deals with a 'new' type of monetary policy making: Inflation Targeting (IT). It attempts to identify reasons for which countries might be inclined to adopt this framework for monetary policy. By reviewing recent experience of inflation targeting countries, the paper outlines the major operational arguments regarding the implementation of IT. Another important issue is the applicability of IT in transition countries: in the light of EU (and, in the longer run, EMU) accession, Inflation Targeting might be an interesting policy framework to at least some countries in Central and Eastern Europe. --
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Bibliographic InfoPaper provided by Bamberg University, Bamberg Economic Research Group in its series BERG Working Paper Series with number 31.
Date of creation: 1999
Date of revision:
inflation targeting; monetary policy; Central and Eastern Europe;
Find related papers by JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
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