Occ paper 202 Adopting Inflation Targeting Practical Issues for Emerging Market Countries



Your Price: € 16,94
Publisher: International Monetary Fund
ISBN13: 9781557759917
Category: Markets
Author: Andre Schaechter, Mark R. Stone and Mark Zelmer
Type: Print edition
2000. 62 pages.

Description

Adopting Inflation Targeting: Practical Issues for Emerging Market Countries examines the institutional and operational practicalities of inflation targeting for these countries. The paper concludes that the foundations for successful, full-fledged inflation targeting are built on a strong fiscal position and entrenched macroeconomicstability; a reasonable well understood transmission mechanism between monetary policy actions and inflation; a sound methodology for constructing inflation forcasts; and transparent monetary policy. The author point out that these elements need not be fully in place before a country begins the transition to inflation targeting.


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