Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies

Author/Editor:

Mario I. Bléjer ; Alain Ize ; Alfredo Mario Leone ; Sérgio Ribeiro da Costa Werlang

Publication Date:

August 21, 2000

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting.

Series:

Books

Subject:

Notes:

The Central Bank of Brazil and the Monetary and Exchange Affairs Department of the International Monetary Fund held a seminar on inflation targeting in Rio de Janeiro on May 3-5, 1999. Its purpose was to analyze the experience to date of the countries that have been operating under an inflation targeting framework, and to identify and review the steps that Brazil should consider in adopting such a framework, to enhance the chances of its success. This volume gathers together the summaries of the presentations given at the seminar.

English

Publication Date:

August 21, 2000

ISBN/ISSN:

9781557758897/

Stock No:

ITPSEA0000000

Format:

Paper

Pages:

108

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