Inflation targeting at 20 : achievements and challenges /

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Bibliographic Details
Author / Creator:	Roger, Scott, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2009.
Description:	1 online resource (31 pages) : color illustrations
Language:	English
Series:	IMF working paper ; WP/09/236 IMF working paper ; WP/09/236.
Subject:	Inflation (Finance) Banks and banking, Central. Monetary policy. Inflation, Economic Banks and banking, Central Inflation (Finance) Monetary policy
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/14153337

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Monetary and Capital Markets Department.
ISBN:	1451918011 9781451918014 1451873832 9781451873832
Digital file characteristics:	text file
Notes:	Includes bibliographical references (pages 28-31). English. Print version record.
Summary:	This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in favor of "flexible" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently in most countries, the inflation and growth performance under inflation targeting compares very favorably with performance under alternative frameworks. Inflation targeters also tentatively appear to be coping better with the commodity price and financial shocks in 2007-2009 than non-inflation targeters. Key issues going forward include adapting inflation targeting to emerging market and developing countries, and incorporating financial stability issues into the framework
Other form:	Print version: Roger, Scott. Inflation targeting at 20. [Washington, D.C.] : International Monetary Fund, ©2009
Standard no.:	10.5089/9781451873832.001

Table of Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Shift Toward Inflation Targeting; III. Elements of Inflation Targeting Frameworks; A. Central Bank Mandates; B. Policy Accountability and Transparency; C. Inflation Targets; D. Policy Formulation and Implementation; IV. Performance Under Inflation Targeting; A. Performance in Achieving Inflation Targets; B. Macroeconomic Performance under Alternative Monetary Policy Regimes; C. Resilience of Inflation Targeting; V. Issues and Challenges for Inflation Targeting
A. Adapting Inflation Targeting to Emerging Market and Developing CountriesB. Inflation Targeting and Financial Stability; Footnotes

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