Title: The International Experience of Inflation Targeting
Abstract: As a new monetary regime,full-fledged inflation targeting is gaining popularity.However,there does not yet appear to be a compendium of the now considerable experience with inflation targeting that can be used to guide the policies of practicing and prospective inflation targeters.Such guidance is especially important because an increasing number of developing and emerging market economies are considering adopting inflation targeting frame works and these countries tend to face larger shocks and have more vulnerable economies.Hence,this paper analyzes the inflation experience of inflation targeting countries to develop stylized facts of their inflation performance and the implications for design of targeting frameworks.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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