## $name

_IMF Seminars, January 1, 1901_

## Source details

**Canonical URL:** [$name](https://www.imf.org/ru/news/seminars/conferences/2016/12/31/high-level-seminar-implementing-inflation-targets)

## Other formats

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

## Bibliographic details
- Published: January 1, 1901

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### Seminar purpose and 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.
- The seminar examines:
  - reforms countries need before establishing an inflation targeting framework;
  - the appropriate monetary policy under monetary and inflation targeting;
  - specific experiences with inflation targeting in Canada, Israel, New Zealand, and the United Kingdom;
  - experiences of Mexico and Brazil in their transition to an inflation-targeting framework.

### Event logistics
- Title: High-Level Seminar: Implementing Inflation Targets
- Sponsor: IMF Institute
- Location: IMF Headquarters, Washington, D.C., Multipurpose Room, B-702
- Dates: March 20-21, 2000
- Participation: by invitation only
- Contact: conference@imf.org

### Conference structure and program highlights
- 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. — Session: Monetary Rules
    - Chair: Michael Mussa
    - Papers: "Monetary Rules" (180 k pdf file); Background Paper: "Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates" (180 k pdf file)
    - Speaker: Bennett McCallum (Carnegie-Mellon University)
    - Discussant: Vincent Reinhart (Federal Reserve Board)
  - 11:15 a.m.-12:30 p.m. — Session: Monetary Policy Under Inflation Targeting
    - Speaker: Lars Svensson (Stockholm University)
    - Discussant: Timothy Lane (IMF)
  - 2:00 p.m.-3:00 p.m. — Session: Inflation Targeting in Canada
    - Chair: Tomás Baliño (IMF)
    - Speaker: Charles Freedman (Bank of Canada)
  - 3:00 p.m.-4:00 p.m. — Session: Inflation Targeting in New Zealand
    - Speaker: David Archer (Reserve Bank of New Zealand)
  - 4:15 p.m.-5:15 p.m. — Session: Inflation Targeting in the United Kingdom
    - Chair: Mohsin Khan (IMF)
    - Papers: "Inflation Targeting in the United Kingdom" (71 k pdf file); Background Paper: "Targeting Inflation: The UK in Retrospect" (46 k pdf file)
    - Speaker: Andrew Haldane (Bank of England)

- Tuesday, March 21
  - 9:00 a.m.-10:00 a.m. — Session: Inflation Targeting in Israel
    - Chair: Peter Montiel (IMF)
    - Paper: "Inflation Targeting in Israel" (422 k pdf file); Background Paper: "Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel"
    - Speaker: Leonardo Leiderman (Bank of Israel and Tel Aviv University)
  - 10:15 a.m.-11:15 a.m. — Session: Inflation Targeting in Mexico
    - Chair: Claudio Loser (IMF)
    - Background Paper: "Mexico's Monetary Policy Framework Under a Floating Exchange Rate Regime" (422 k pdf file)
    - Speakers: Agustin Carstens (IMF); Alejandro Werner (Bank of Mexico)
  - 11:15 a.m.-12:15 p.m. — Session: Inflation Targeting in Brazil
    - Paper: "Inflation Targeting in Brazil" (433 k pdf file); Background Paper: "Issues in the Adoption of an Inflation Targeting Framework in Brazil"
    - Speaker: Sérgio Werlang (Central Bank of 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)

### Publications and materials
- Conference papers and brief biographical information on participants were to be posted as they became available; conference papers are draft and unedited.
- A related book is available: 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.
- Note: Use the free Adobe Acrobat Reader to view PDF files; "Tips for using PDF files" and other IMF Seminars, Conferences and Workshops guidance were referenced.

---

## 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"}
- [Glossaryr (PDF)](/external/np/term/rus/pdf/glossaryr.pdf){rel="external" type="application/pdf"}

---

## References

- [Speakers and Discussants](https://www.imf.org/ru/news/seminars/conferences/2016/12/31/speakers.htm)
- [Adobe Acrobat Reader](https://www.imf.org/adobe)
- [Несинхронность и расходящаяся динамика восстановления могут поставить финансовую стабильность под угрозу](https://www.imf.org/ru/News/Articles/2021/04/06/blog-an-asynchronous-and-divergent-recovery-may-put-financial-stability-at-risk)

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