Inflation Targeting and the IMF

Date: March 16, 2006
Electronic Access: Full text in pdf

Summary:Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting countries to review the implications for the Fund’s approach to surveillance, technical assistance, and the design of conditionality in Fund-supported programs. For this examination, the paper uses macroeconomic data, technical assistance reports, and a new survey of central banks in selected emerging markets.

Series : Policy Paper
Subject(s): Inflation targeting | Fund | Emerging markets | Developing countries