{
  "title": "Inflation Targeting as a Framework for Monetary Policy",
  "publication": "Economic Issues, October 2, 1998",
  "sourceUrl": "https://www.imf.org/en/publications/economic-issues/issues/2016/12/30/inflation-targeting-as-a-framework-for-monetary-policy-2747",
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  "summary": "Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and makes economic planning a nightmare.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and makes economic planning a nightmare.\n- Several advanced economies adopted \"inflation targeting\" during the past decade as a monetary policy approach to control inflation.\n- The pamphlet explains:\n  - the requirements of putting inflation targeting in place,\n  - the experience of countries that have tried it,\n  - whether inflation targeting has applicability to developing countries."
    },
    {
      "heading": "Authors and Publication",
      "content": "- Authors: Guy Debelle, Miguel A Savastano, Paul R Masson, Sunil Sharma\n- Publication date: October 2, 1998\n- Series: Economic Issues No. 1998/005\n- Issue: 005\n- Volume: 1998"
    },
    {
      "heading": "Core findings and analysis",
      "content": "- Inflation has wide-ranging negative effects on economies, including on prices, savings, investment, capital flows, growth, and economic planning.\n- Inflation targeting emerged as a distinct monetary policy framework adopted by several advanced economies in the decade preceding publication.\n- The pamphlet addresses both practical implementation requirements and empirical experiences from countries that implemented inflation targeting."
    },
    {
      "heading": "Requirements for implementing inflation targeting (as described)",
      "content": "- The pamphlet explains the institutional and operational requirements for putting inflation targeting into place (details summarized in the pamphlet itself)."
    },
    {
      "heading": "Applicability to developing countries",
      "content": "- The pamphlet examines whether the inflation-targeting framework has applicability to developing countries, considering the experiences and requirements discussed."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Banking, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Monetary policy frameworks, Monetary policy instruments, Prices\n- Keywords: Africa, country, EI, Exchange rates, government, government operation, Inflation, inflation expectation, Inflation targeting, inflation-targeting approach, inflation-targeting country, inflation-targeting system, monetary policy credibility, Monetary policy frameworks, Monetary policy instruments, monetary policy setting, monetary policy statement, price level\n\n---\n\n\nSource: https://www.imf.org/en/publications/economic-issues/issues/2016/12/30/inflation-targeting-as-a-framework-for-monetary-policy-2747"
    }
  ],
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    "Authors: Guy Debelle, Miguel A Savastano, Paul R Masson, Sunil Sharma",
    "Published: October 2, 1998",
    "Series: Economic Issues",
    "DOI: https://doi.org/10.5089/9781557757616.051",
    "Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and makes economic planning a nightmare.",
    "Several advanced economies adopted \"inflation targeting\" during the past decade as a monetary policy approach to control inflation.",
    "The pamphlet explains:",
    "Authors: Guy Debelle, Miguel A Savastano, Paul R Masson, Sunil Sharma",
    "Publication date: October 2, 1998",
    "Series: Economic Issues No. 1998/005",
    "Issue: 005",
    "Volume: 1998",
    "Inflation has wide-ranging negative effects on economies, including on prices, savings, investment, capital flows, growth, and economic planning.",
    "Inflation targeting emerged as a distinct monetary policy framework adopted by several advanced economies in the decade preceding publication.",
    "The pamphlet addresses both practical implementation requirements and empirical experiences from countries that implemented inflation targeting.",
    "The pamphlet explains the institutional and operational requirements for putting inflation targeting into place (details summarized in the pamphlet itself).",
    "The pamphlet examines whether the inflation-targeting framework has applicability to developing countries, considering the experiences and requirements discussed.",
    "Subjects: Banking, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Monetary policy frameworks, Monetary policy instruments, Prices",
    "Keywords: Africa, country, EI, Exchange rates, government, government operation, Inflation, inflation expectation, Inflation targeting, inflation-targeting approach, inflation-targeting country, inflation-targeting system, monetary policy credibility, Monetary policy frameworks, Monetary policy instruments, monetary policy setting, monetary policy statement, price level"
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