1.

Record Nr.

UNINA9910464563903321

Autore

Roger Scott

Titolo

Inflation targeting at 20 [[electronic resource] ] : achievements and challenges / / prepared by Scott Roger

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, MCM, 2009

ISBN

1-4623-5576-5

1-4527-0869-X

1-282-84437-7

9786612844379

1-4518-7383-2

Descrizione fisica

1 online resource (51 p.)

Collana

IMF working paper ; ; WP/09/236

Disciplina

339.4

Soggetti

Inflation (Finance)

Banks and banking, Central

Monetary policy

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"October 2009."

Nota di contenuto

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

Sommario/riassunto

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