## High-Level Seminar: Implementing Inflation Targets

_IMF Seminars, January 1, 1901_

## Source details

**Canonical URL:** [High-Level Seminar: Implementing Inflation Targets](https://www.imf.org/fr/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets)

## Other formats

- [Markdown version](/fr/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.md)
- [Structured JSON version](/fr/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/index.json)
- [Bundle manifest](/fr/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets/bundle-manifest.json)

## Bibliographic details
- Published: January 1, 1901

---

### Event overview
- Event title: High-Level Seminar: Implementing Inflation Targets
- Sponsored by: the IMF Institute
- Location: IMF Headquarters, Washington, D.C., Multipurpose Room, B-702
- Dates: March 20-21, 2000
- Participation: by invitation only
- Framing: The seminar addressed issues arising from the change in monetary policy objectives following the high-inflation years of the late 1970s and early 1980s and the subsequent global trend toward lower inflation, partly associated with the adoption of inflation targets by a number of central banks.

### Major themes and seminar objectives
- Examine reforms countries need before establishing an inflation-targeting framework.
- Analyze appropriate monetary policy under monetary and inflation targeting.
- Present and compare specific country experiences with inflation targeting in industrial and emerging market economies.
- Discuss operational and strategic issues relevant for emerging market economies.

### Conference agenda and sessions (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: (71 k pdf file); Background Paper: "Targeting Inflation: The UK in Retrospect" (46 k pdf file)

### Conference agenda and sessions (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: (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)
  - Materials: (433 k pdf file); Background Paper: "Issues in the Adoption of an Inflation Targeting Framework in Brazil"
- 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 publication note
- Conference papers and brief biographical information on participants were to be posted as they became available; papers were noted as draft and unedited.
- A related 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.

---

## 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/fr/news/seminars/conferences/2016/12/31/speakers.htm)
- [Adobe Acrobat Reader](https://www.imf.org/adobe)

_Source: https://www.imf.org/fr/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets_