Country experiences with the introduction and implementation of inflation targeting [[electronic resource] /] / prepared by Charles Freedman and İnci Ötker-Robe

• Record Nr.: UNINA9910464001703321
• Autore: Freedman Charles
• Pubbl/distr/stampa: [Washington, DC], : International Monetary Fund, 2009
• ISBN: 1-4623-0229-7; 1-4527-8437-X; 1-4518-7308-5; 9786612843747; 1-282-84374-5
• Descrizione fisica: 1 online resource (44 p.)
• Collana: IMF working paper ; ; WP/09/161
• Altri autori (Persone): Ötkerİnci
• Soggetti: Inflation targeting; Inflation (Finance); Monetary policy; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: "July 2009".
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction; II. Motivation for adopting Inflation Targeting; Tables; 1. Motivation for Adopting Inflation Targeting; III. Conditions at the Time of Introducing Inflation Targeting; 2. Main Elements of Successful Inflation Targeting Implementation; 3. Summary Status of Inflation Targeting Preconditions at the Time of Inflation Targeting Adoption; IV. Transition to Full-Fledged Inflation Targeting; 4. Transition to Full-Fledged Inflation Targeting; Figures; 1. Coordination of Other Supporting Economic Reforms/Policies with Capacity; V. Benefits of Inflation Targeting; VI. Challenges in Implementing the Inflation Targeting FrameworkA. Challenges Faced to mid-2007; B. Challenges from mid-2007 to mid-2008; 2. Inflation Targeting Countries: Actual versus Targeted Inflation, June 2008; 3. Sample Emerging Market Countries-Evolution of Actual Inflation Relative to Official Targets, January 2002-June 2008; 4. Inflation Performance and Monetary policy Frameworks; 5. Inflation ; Targeting Countries: Policy Rate Changes, July 2007-June 2008; 5. Emerging Europe Inflation Targeting Countries: Policy Responses Following the Commodity Price Shocks; VII. Lessons from Country Experiences6. Inflation Expectations vs. Actual and Targeted Inflation, June 2008; Appendixes; I. Background and Brief Summary of the Book On Implementing Full-Fledged Inflation Targeting Regimes: Saying What You Do and Doing What you Say; II. Detailed Information on Country Experiences; References
• Sommario/riassunto: This is the tenth chapter of a forthcoming monograph entitled, ""On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It describes the experiences of a number of countries with the introduction and implementation of inflation targeting regimes. It discusses their motivation for introducing IT; how they fared in meeting the various conditions that some have argued are needed in advance of introducing IT; how they transitioned to a full-fledged IT framework and coordinated their preparations with other economic policies and reforms; the benefits