1.

Record Nr.

UNINA9910969847203321

Autore

Ötker Inci

Titolo

Country Experiences with the Introduction and Implementation of Inflation Targeting / / Inci Ötker, Charles Freedman

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612843747

9781462302291

1462302297

9781452784373

145278437X

9781451873085

1451873085

9781282843745

1282843745

Edizione

[1st ed.]

Descrizione fisica

1 online resource (44 p.)

Collana

IMF Working Papers

Altri autori (Persone)

FreedmanCharles

Disciplina

332.41

Soggetti

Inflation targeting

Inflation (Finance)

Monetary policy

Banks and Banking

Currency

Deflation

Exchange rate arrangements

Exchange rates

Finance

Foreign Exchange

Foreign exchange

Inflation

Interest rates

Interest Rates: Determination, Term Structure, and Effects

Macroeconomics

Monetary economics

Monetary Policy

Money and Monetary Policy

Price Level

Prices

Short term interest rates

Czech Republic



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 they gained by adopting IT; the challenges they faced in implementation; and the lessons from their experiences.