European Parliament Library

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

Abstract
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
Table Of Contents
""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""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (101 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613847102

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