LEADER 04663oam 22010094 450 001 9910789101103321 005 20230721033712.0 010 $a1-4623-5576-5 010 $a1-4527-0869-X 010 $a1-282-84437-7 010 $a9786612844379 010 $a1-4518-7383-2 035 $a(CKB)3390000000010740 035 $a(EBL)1608812 035 $a(OCoLC)680614160 035 $a(MiAaPQ)EBC1608812 035 $a(IMF)WPIEE2009236 035 $a(EXLCZ)993390000000010740 100 $a20020129d2009 uf 0 101 0 $aeng 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInflation Targeting at 20 - Achievements and Challenges /$fScott Roger 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (51 p.) 225 1 $aIMF Working Papers 300 $a"October 2009." 327 $aCover 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 327 $aA. Adapting Inflation Targeting to Emerging Market and Developing CountriesB. Inflation Targeting and Financial Stability; Footnotes 330 3 $aThis paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in favor of "flexible" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently in most countries, the inflation and growth performance under inflation targeting compares very favorably with performance under alternative frameworks. Inflation targeters also tentatively appear to be coping better with the commodity price and financial shocks in 2007-2009 than non-inflation targeters. Key issues going forward include adapting inflation targeting to emerging market and developing countries, and incorporating financial stability issues into the framework. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/236 606 $aInflation (Finance) 606 $aBanks and banking, Central 606 $aMonetary policy 606 $aFinance: General$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aMonetary Policy$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aMonetary economics$2imf 606 $aFinance$2imf 606 $aInflation targeting$2imf 606 $aPersonal income$2imf 606 $aPrice stabilization$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aPrices$2imf 606 $aMonetary policy$2imf 606 $aIncome$2imf 606 $aGovernment policy$2imf 606 $aFinancial services industry$2imf 607 $aNew Zealand$2imf 615 0$aInflation (Finance) 615 0$aBanks and banking, Central. 615 0$aMonetary policy. 615 7$aFinance: General 615 7$aInflation 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aPrice Level 615 7$aDeflation 615 7$aMonetary Policy 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aMonetary economics 615 7$aFinance 615 7$aInflation targeting 615 7$aPersonal income 615 7$aPrice stabilization 615 7$aEmerging and frontier financial markets 615 7$aPrices 615 7$aMonetary policy 615 7$aIncome 615 7$aGovernment policy 615 7$aFinancial services industry 676 $a339.4 700 $aRoger$b Scott$01497280 712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910789101103321 996 $aInflation Targeting at 20 - Achievements and Challenges$93808470 997 $aUNINA