Establishing Initial Conditions in Support of Inflation Targeting
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Summary:
This paper provides some practical advice on establishing initial conditions in support of an inflation-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and accountability for achieving this objective; macroeconomic stability; a sufficiently well-developed and stable financial system; and effective policy implementation tools. The measures taken by countries to meet these conditions are also reviewed.
Series:
Working Paper No. 02/102
Subject:
Central banks Central banks and their policies Inflation targeting Monetary policy
English
Publication Date:
June 1, 2002
ISBN/ISSN:
9781451852622/1018-5941
Stock No:
WPIEA1022002
Format:
Paper
Pages:
39
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