Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade
11 Pages Posted: 4 Sep 2007 Last revised: 26 Jul 2022
There are 2 versions of this paper
Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade
Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade
Date Written: October 1, 2001
Abstract
This working paper was written by Jeffery D. Amato (Bank for International Settlements) and Stefan Gerlach (University of Basel and CEPR).
Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange rate targets, and (d) the specification of inflation targets. Our overall conclusion is that, suitably modified, IT is a useful policy strategy for EMEs.
Keywords: Inflation targeting, central banks, monetary policy
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?
-
International Experiences with Different Monetary Policy Regimes
-
Inflation Targeting: Lessons from Four Countries
By Frederic S. Mishkin and Adam S. Posen
-
Inflation Targeting: Lessons from Four Countries
By Adam S. Posen and Frederic S. Mishkin
-
From Monetary Targeting to Inflation Targeting: Lessons from Industrialized Countries