The Scope for Inflation Targeting in Developing Countries

The Scope for Inflation Targeting in Developing Countries
Author :
Publisher : International Monetary Fund
Total Pages : 54
Release :
ISBN-10 : 9781451855159
ISBN-13 : 145185515X
Rating : 4/5 (59 Downloads)

Book Synopsis The Scope for Inflation Targeting in Developing Countries by : Mr.Paul R. Masson

Download or read book The Scope for Inflation Targeting in Developing Countries written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1997-10-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework.


The Scope for Inflation Targeting in Developing Countries Related Books

The Scope for Inflation Targeting in Developing Countries
Language: en
Pages: 54
Authors: Mr.Paul R. Masson
Categories: Business & Economics
Type: BOOK - Published: 1997-10-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The pa
Inflation Targeting As a Framework for Monetary Policy
Language: en
Pages: 28
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 1998-10-02 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Inflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes economic planning anightmare. During the
From Monetary Targeting to Inflation Targeting
Language: en
Pages: 42
Authors: Frederic S. Mishkin
Categories: Anti-inflationary policies
Type: BOOK - Published: 2001 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions tha
Inflation Targeting as a Framework for Monetary Policy
Language: en
Pages: 32
Authors: Guy Debelle
Categories: Business & Economics
Type: BOOK - Published: 1998-10-02 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Copyright: International Monetary Fund.
What Measure of Inflation Should a Developing Country Central Bank Target?
Language: en
Pages: 37
Authors: Rahul Anand
Categories: Business & Economics
Type: BOOK - Published: 2015-09-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price e