Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

HKIMR Working Paper No. 13/2001

11 Pages Posted: 4 Sep 2007

See all articles by Jeffery D. Amato

Jeffery D. Amato

Goldman Sachs International

Stefan Gerlach

Central Bank of Ireland; Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: October 2001

Abstract

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

Amato, Jeffery D. and Gerlach, Stefan, Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade (October 2001). HKIMR Working Paper No. 13/2001. Available at SSRN: https://ssrn.com/abstract=1009381 or http://dx.doi.org/10.2139/ssrn.1009381

Jeffery D. Amato (Contact Author)

Goldman Sachs International ( email )

United States

Stefan Gerlach

Central Bank of Ireland ( email )

P.O. Box 559
Dame Street
Dublin, 2
Ireland

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
213
Abstract Views
970
rank
123,284
PlumX Metrics