1.

Record Nr.

UNINA9910954956403321

Autore

Bléjer Mario

Titolo

Inflation Targeting in Practice : : Strategic and Operational Issues and Application to Emerging Market Economies / / Mario Bléjer, Alain Ize, Alfredo Leone, Sérgio Werlang

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2000

ISBN

9786613847102

9781462368389

1462368387

9781455261888

1455261882

9781283534659

1283534657

9781455220441

1455220442

Edizione

[1st ed.]

Descrizione fisica

1 online resource (101 p.)

Altri autori (Persone)

IzeAlain

LeoneAlfredo

WerlangSérgio

Disciplina

332.4/15

Soggetti

Inflation targeting

Banks and Banking

Foreign Exchange

Inflation

Macroeconomics

Money and Monetary Policy

Monetary Policy

Price Level

Deflation

Interest Rates: Determination, Term Structure, and Effects

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Forecasting and Other Model Applications

Monetary economics

Currency

Foreign exchange

Banking



Finance

Economic Forecasting

Exchange rates

Consumer price indexes

Exchange rate arrangements

Monetary policy

Prices

Interest rates

Price indexes

New Zealand

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""Contributors""; ""Preface""; ""1 Introduction and Overview""; ""2 Maintaining Low Inflation: Rationale and Reality""; ""3 Strategic Choices in Inflation Targeting: The New Zealand Experience""; ""4 Inflation Forecast Targeting: The Swedish Experience""; ""5 The Canadian Monetary Transmission Mechanism and Inflation Projections""; ""6 Inflation Targeting and Output Stabilization in Australia""; ""7 Targeting Inflation: The United Kingdom in Retrospect""; ""8 Monetary Policy and Inflation Targeting in Chile""

""9 Inflation Targeting Under a Crawling Band Exchange Rate Regime: Lessons from Israel""""10 Mexico's Monetary Policy Framework Under a Floating Exchange Rate Regime""; ""11 Issues in the Adoption of an Inflation Targeting Framework in Brazil""

Sommario/riassunto

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting.