Hidden Bibliographic Details
| Other authors / contributors: | Stone, Mark R. (Mark Richard), author.
International Monetary Fund. Monetary and Financial Systems Department, issuing body.
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| ISBN: | 1283513641
9781283513647
9781451907186
1451907184
1462345794
9781462345793
1452785473
9781452785479
9786613826091
661382609X
1451861826
9781451861822
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| Notes: | English.
Print version record.
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| Summary: | This paper examines the international experience with full-fledged inflation targeting monetary regimes. Stylized facts are brought together from a review of the institutional elements of inflation targeting frameworks, a comparison of actual and targeted inflation outcomes, and case studies of large inflation target misses. Inflation targets are missed about 40 percent of the time and often by substantial amounts and for prolonged periods, yet no country has dropped inflation targeting. The resilience of the inflation targeting regime is attributable to the flexibility of the framework, its high standards of transparency and accountability, and the lack of realistic alternatives.
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| Other form: | Print version: Roger, Scott. On target? Washington, D.C. : International Monetary Fund, Monetary and Financial Systems Dept., ©2005
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| Standard no.: | 10.5089/9781451861822.001
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