مؤتمر صندوق النقد الدولي

High-Level Seminar: Implementing Inflation Targets Sponsored by the IMF Institute IMF Headquarters, Washington, D.C. Multipurpose Room, B-702

March 20-21, 2000

Participation by invitation only

Following the widespread high-inflation years of the late 1970s and early 1980s, the world entered a period of relative price stability. This general trend toward lower inflation is partly a consequence of the adoption of inflation targets by a number of central banks, first in industrial countries and more recently in developing countries. This conference addresses some of the issues arising from the change in monetary policy objectives. It examines the type of reforms countries need before establishing an inflation targeting framework; the appropriate monetary policy under monetary and inflation targeting; the specific experiences of Canada, Israel, New Zealand, and the United Kingdom with inflation targeting; and the experiences of Mexico and Brazil in their current transition to an inflation-targeting framework.

The agenda for the conference appears below, along with links to the papers delivered at the conference and relevant background documents.Conference papers and brief biographical information on each participant will be posted as they become available. Please note that the conference papers are in draft and unedited.

Also available on the website is a book entitled Inflation Targeting in Practice: Strategic and Operational Issues andApplication to Emerging Market Economies, edited by Mario I. Blejer, Alain Ize, Alfredo Leone, and Sérgio Werlang.

Monday, March 20