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Challenges for Inflation Targeting in Emerging Market Countries

Listed author(s):
  • Frederic S. Mishkin

In the past decade, numerous emerging market countries have adopted inflation targeting as their basic monetary policy strategy. The institutional framework in many emerging market countries that affects monetary policy outcomes has generally differed from that in advanced countries. This paper first outlines what traditionally has made emerging market and other developing economies different from advanced countries and what challenges these differences have presented to those that adopted inflation targeting. The paper then examines whether, given these challenges, inflation targeting has been a success in emerging market countries.

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=0834134K0J644J37
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Article provided by M.E. Sharpe, Inc. in its journal Emerging Markets Finance and Trade.

Volume (Year): 44 (2008)
Issue (Month): 6 (November)
Pages: 5-16

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Handle: RePEc:mes:emfitr:v:44:y:2008:i:6:p:5-16
Contact details of provider: Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=111024

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