Savastano, Miguel A.; Masson, Paul R.; Sharma, Sunil - International Monetary Fund (IMF) - 1997
Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced … 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 …