Inflation Targeting in Emerging Market Countries
14 Pages Posted: 17 May 2000 Last revised: 2 Apr 2001
Date Written: August 2000
This paper outlines what inflation targeting involves for emerging market/transition countries and discusses the advantages and disadvantages of this monetary policy strategy. The discussion suggests that although inflation targeting is not a panacea and may not be appropriate for many emerging market countries, it can be a highly useful monetary policy strategy in a number of them.
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