04717oam 22010454 450 991082335940332120200520144314.01-4623-5576-51-4527-0869-X1-282-84437-797866128443791-4518-7383-2(CKB)3390000000010740(EBL)1608812(OCoLC)680614160(MiAaPQ)EBC1608812(IMF)WPIEE2009236(IMF)WPIEA2009236(EXLCZ)99339000000001074020020129d2009 uf 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierInflation Targeting at 20 - Achievements and Challenges /Scott Roger1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (51 p.)IMF Working Papers"October 2009."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 TargetingA. Adapting Inflation Targeting to Emerging Market and Developing CountriesB. Inflation Targeting and Financial Stability; FootnotesThis 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 price and financial shocks in 2007-2009 than non-inflation targeters. Key issues going forward include adapting inflation targeting to emerging market and developing countries, and incorporating financial stability issues into the framework.IMF Working Papers; Working Paper ;No. 2009/236Inflation (Finance)Banks and banking, CentralMonetary policyDeflationimfEmerging and frontier financial marketsimfFinanceimfFinance: GeneralimfFinancial services industryimfGeneral Financial Markets: General (includes Measurement and Data)imfGovernment policyimfIncomeimfInflation targetingimfInflationimfMacroeconomicsimfMonetary economicsimfMonetary PolicyimfMonetary policyimfMoney and Monetary PolicyimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfPrice LevelimfPrice stabilizationimfPricesimfNew ZealandimfInflation (Finance)Banks and banking, Central.Monetary policy.DeflationEmerging and frontier financial marketsFinanceFinance: GeneralFinancial services industryGeneral Financial Markets: General (includes Measurement and Data)Government policyIncomeInflation targetingInflationMacroeconomicsMonetary economicsMonetary PolicyMonetary policyMoney and Monetary PolicyPersonal incomePersonal Income, Wealth, and Their DistributionsPrice LevelPrice stabilizationPrices339.4Roger Scott1636986International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910823359403321Inflation targeting at 204202008UNINA