Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 1451894929
9781451894929
1281215023
9781281215024
1462356060
9781462356065
1452742197
9781452742199
9786613777706
6613777706
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| Notes: | Includes bibliographical references (pages 36-39).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The adoption of monetary policy frameworks designed to maintain inflation broadly in line with an inflation target has become increasingly popular. 2 The proposal to use inflation targeting as the fundamental criterion for day-to-day monetary policy, however, remains controversial. The primary criticism of explicitly or implicitly adopting a monetary policy rule based on inflation targeting is that doing so would give no weight to other legitimate monetary policy goals, and that in consequence, it can lead to undesirable outcomes. This concern has been mainly directed at the possibility that inflation targeting generates excessive output instability. 3.
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| Other form: | Print version: Jadresić, Esteban. Inflation targeting and output stability. [Washington, D.C.] : International Monetary Fund, Research Department, ©1999
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| Standard no.: | 10.5089/9781451894929.001
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