## $name _IMF Seminars, January 1, 1901_ ## Source details **Canonical URL:** [$name](https://www.imf.org/es/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets) ## Other formats - [Markdown version](/es/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.md) - [Structured JSON version](/es/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.json) - [Bundle manifest](/es/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: Participation by invitation only. - Context: Following the widespread high-inflation years of the late 1970 s and early 1980 s, the world entered a period of relative price stability. The trend toward lower inflation is partly a consequence of the adoption of inflation targets by a number of central banks, first in industrial countries and more recently in developing countries. ### Themes and issues examined - Reforms required before establishing an inflation targeting framework. - Appropriate monetary policy under monetary and inflation targeting. - Country-specific experiences with inflation targeting: - Canada, Israel, New Zealand, and the United Kingdom. - Transition experiences of Mexico and Brazil toward an inflation-targeting framework. - Strategic and operational issues in inflation targeting, including application to emerging market economies. ### Conference agenda and sessions (selected) - 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: "Inflation Targeting in the United Kingdom" (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). - Materials: "Inflation Targeting in Israel" (422 k pdf file); Background Paper: "Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel". - 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 outputs - Conference papers and brief biographical information on each participant to be posted as they become available; conference papers are in draft and unedited. - A 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. - Contact: conference@imf.org. --- ## 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"} --- ## References - [Speakers and Discussants](https://www.imf.org/es/news/seminars/conferences/2016/12/31/speakers.htm) - [Adobe Acrobat Reader](https://www.imf.org/adobe) _Source: https://www.imf.org/es/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets_