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Inflation Targeting in Practice

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  • Guy Debelle

Abstract

This 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.

Suggested Citation

  • Guy Debelle, 1998. "Inflation Targeting in Practice," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ23, June.
    • Handle: RePEc:sea:opaper:occ23
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    File URL: http://www.seacen.org/GUI/pdf/publications/occasional/1998/OP23.pdf
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