Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange rate targets, and (d) the specification of inflation targets. Our overall conclusion is that, suitably modified, IT is a useful policy strategy for EMEs.

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Year of publication:	2001-10
Authors:	Amato, Jeffery D. ; Gerlach, Stefan
Institutions:	Hong Kong Institute for Monetary Research (HKIMR), Government of Hong Kong
Subject:	Inflation targeting \| central banks \| monetary policy

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 132001 11 pages
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357489