Policy Papers

Inflation Targeting and the IMF

Publication Date:

March 16, 2006

Electronic Access:

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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 Papers

Subject:

Developing countries Emerging markets Fund Inflation targeting