## High-Level Seminar: Implementing Inflation Targets _IMF Seminars, January 1, 1901_ ## Source details **Canonical URL:** [High-Level Seminar: Implementing Inflation Targets](https://www.imf.org/ar/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets) ## Other formats - [Markdown version](/ar/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.md) - [Structured JSON version](/ar/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.json) - [Bundle manifest](/ar/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/bundle-manifest.json) ## Bibliographic details - Published: January 1, 1901 --- ### Overview - Event: High-Level Seminar: Implementing Inflation Targets - Sponsored by: the IMF Institute - Venue: IMF Headquarters, Washington, D.C., Multipurpose Room, B-702 - Dates: March 20-21, 2000 - Participation: by invitation only - Focus: issues arising from the change in monetary policy objectives toward inflation targeting following the high-inflation years of the late 1970s and early 1980s and the subsequent period of relative price stability ### Objectives and Themes - Examine the type of reforms countries need before establishing an inflation targeting framework - Analyze appropriate monetary policy under monetary and inflation targeting - Review specific country experiences with inflation targeting and transitions to inflation targeting ### Countries and Experiences Covered - Canada - Israel - New Zealand - United Kingdom - Mexico (current transition to an inflation-targeting framework) - Brazil (current transition to an inflation-targeting framework) ### Agenda (selected sessions and timings) - Monday, March 20 - 9:00 a.m.-9:15 a.m. — Welcoming Remarks: Mohsin S. Khan (IMF) - 9:15 a.m.-9:45 a.m. — Opening Remarks: Stanley Fischer (IMF) - 10:00 a.m.-11:15 a.m. — Monetary Rules - Chair: Michael Mussa - Speaker: Bennett McCallum (Carnegie-Mellon University) - Discussant: Vincent Reinhart (Federal Reserve Board) - Materials: Monetary Rules (180 k pdf file); Background Paper: Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates (180 k pdf file) - 11:15 a.m.-12:30 p.m. — Monetary Policy Under Inflation Targeting - Speaker: Lars Svensson (Stockholm University) - Discussant: Timothy Lane (IMF) - 2:00 p.m.-3:00 p.m. — Inflation Targeting in Canada - Chair: Tomás Baliño (IMF) - Speaker: Charles Freedman (Bank of Canada) - 3:00 p.m.-4:00 p.m. — Inflation Targeting in New Zealand - Speaker: David Archer (Reserve Bank of New Zealand) - 4:15 p.m.-5:15 p.m. — Inflation Targeting in the United Kingdom - Chair: Mohsin Khan (IMF) - Speaker: Andrew Haldane (Bank of England) - Materials: (71 k pdf file); Background Paper: Targeting Inflation: The UK in Retrospect (46 k pdf file) - Tuesday, March 21 - 9:00 a.m.-10:00 a.m. — Inflation Targeting in Israel - Chair: Peter Montiel (IMF) - Speaker: Leonardo Leiderman (Bank of Israel and Tel Aviv University) - Background Paper: Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel (422 k pdf file) - 10:15 a.m.-11:15 a.m. — Inflation Targeting in Mexico - Chair: Claudio Loser (IMF) - Speakers: Agustin Carstens (IMF); Alejandro Werner (Bank of Mexico) - Background Paper: Mexico's Monetary Policy Framework Under a Floating Exchange Rate Regime (422 k pdf file) - 11:15 a.m.-12:15 p.m. — Inflation Targeting in Brazil - Speaker: Sérgio Werlang (Central Bank of Brazil) - Background Paper: Issues in the Adoption of an Inflation Targeting Framework in Brazil (433 k pdf file) - 12:15 p.m.-12:45 p.m. — Conclusions on Inflation Targeting - 12:45 p.m.-1:00 p.m. — Closing Remarks; Presentation by Eduardo Aninat (IMF) ### Materials and Publications - Conference papers and brief biographical information on each participant were to be posted as they became available; papers noted as draft and unedited - Book available on the topic: Inflation Targeting in Practice: Strategic and Operational Issues and Application to Emerging Market Economies, edited by Mario I. Blejer, Alain Ize, Alfredo Leone, and Sérgio Werlang - Note on file formats: Use the free Adobe Acrobat Reader to view PDF files; Tips for using PDF files included ### Key Discussion Topics and Analytical Focus (as stated) - Reforms required before adopting inflation targeting - Design and operation of monetary policy under inflation-targeting frameworks - Operational and strategic issues relevant to emerging market economies - Specific institutional and policy experiences from Canada, Israel, New Zealand, the United Kingdom, Mexico, and Brazil - Theoretical issues including a zero lower bound on nominal interest rates --- ## Content in this bundle - [Carstenspdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_carstenspdf.pdf){rel="external" type="application/pdf"} - [Haldanepdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_haldanepdf.pdf){rel="external" type="application/pdf"} - [Leidermnpdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_leidermnpdf.pdf){rel="external" type="application/pdf"} - [Mccallpdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_mccallpdf.pdf){rel="external" type="application/pdf"} - [Mccallumpdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_mccallumpdf.pdf){rel="external" type="application/pdf"} - [Strach11pdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_strach11pdf.pdf){rel="external" type="application/pdf"} - [Strach7pdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_strach7pdf.pdf){rel="external" type="application/pdf"} - [Strach9pdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_strach9pdf.pdf){rel="external" type="application/pdf"} - [Werlangpdf (PDF)](/-/media/websites/imf/imported-events/external/pubs/ft/seminar/2000/targets/_werlangpdf.pdf){rel="external" type="application/pdf"} - [Orgcharta (PDF)](/external/arabic/orgcharta.pdf){rel="external" type="application/pdf"} - [Glossarya (PDF)](/external/np/term/ara/pdf/glossarya.pdf){rel="external" type="application/pdf"} - [Index (PDF)](/external/pubs/ft/aa/ara/index.pdf){rel="external" type="application/pdf"} --- ## References - [Speakers and Discussants](https://www.imf.org/ar/news/seminars/conferences/2016/12/31/speakers.htm) - [Adobe Acrobat Reader](https://www.imf.org/adobe) _Source: https://www.imf.org/ar/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets_