Monetary policies and inflation targeting in emerging economies:
This book, based on the proceedings of a conference organized by the OECD and the Bank of England's Center for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance....
Gespeichert in:
Format: | Buch |
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Sprache: | English |
Veröffentlicht: |
Paris
OECD
2008
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis Inhaltsverzeichnis |
Zusammenfassung: | This book, based on the proceedings of a conference organized by the OECD and the Bank of England's Center for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance. it includes both cross-country analysis and country-specific case studies. Countries covered include Brazil, Chile, Colombia, the Czech Republic, Indonesia, Mexico, South Africa and Turkey.--Publisher's description. |
Beschreibung: | Enth. 7 Beitr. |
Beschreibung: | 174 S. graph. Darst. |
ISBN: | 9789264044623 |
Internformat
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520 | 3 | |a This book, based on the proceedings of a conference organized by the OECD and the Bank of England's Center for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance. it includes both cross-country analysis and country-specific case studies. Countries covered include Brazil, Chile, Colombia, the Czech Republic, Indonesia, Mexico, South Africa and Turkey.--Publisher's description. | |
650 | 4 | |a Inflation (Finance) |v Congresses | |
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Datensatz im Suchindex
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adam_text | IMAGE 1
MONETARY POLICIES
AND INFLATION TARGETING IN EMERGING ECONOMIES
EDITED BY LUIZ DE MELLO
IMAGE 2
TABLE OF CONTENTS
EXECUTIVE SUMMARY 9
CHAPTER 1 MONETARY POLICY AND MACROECONOMIC STABILITY IN LATIN AMERICA:
THE CASES OF BRAZIL, CHILE, COLOMBIA AND MEXICO 15
INTRODUCTION AND SUMMARY 16
MODELLING AND DATA 17
ESTIMATION OF THE STRUCTURAL MODEL 21
VAR ANALYSIS 23
COUNTERFACTUAL ANALYSIS 30
CONCLUSIONS 35
NOTES 36
REFERENCES 37
ANNEX LAI SOLVING THE RATIONAL EXPECTATIONS MODEL 40
CHAPTER 2 BRAZIL: TAMING INFLATION EXPECTATIONS 43
INTRODUCTION AND BACKGROUND 44
DISINFLATION AND RECOVERY IN 2003 45
INFLATION REBOUND AND POLICY RESPONSE IN 2004 48
CONSOLIDATING DISINFLATION IN 2005-06 51
INFLATION EXPECTATIONS: CONVERGENCE TO THE TARGETS AND LOWER INFLATION
UNCERTAINTY 56
CONCLUSIONS 62
NOTES 65
REFERENCES 66
CHAPTER 3 INFLATION TARGETING IN CHILE: EXPERIENCE AND SELECTED ISSUES
69
INTRODUCTION 70
IT IN CHILE 71
SELECTED MONETARY POLICY ISSUES UNDER IT 84
CONCLUSIONS 92
NOTES 93
REFERENCES 94
MONETARY POLICIES AND INFLATION TARGETING IN EMERGING ECONOMIES - ISBN
978-92-64-04462-3 OECD 2008
IMAGE 3
CHAPTER 4 THE CZECH REPUBLIC S INFLATION TARGETING EXPERIENCE 97
INTRODUCTION 98
THE SIX PHASES OF IT IN THE CZECH REPUBLIC 98
COMPONENTS OF THE IT REGIME 106
CONCLUDING REMARKS 109
NOTES I LL
REFERENCES I LL
CHAPTER 5 MONETARY POLICY IN EMERGING MARKETS: THE CASE OF INDONESIA 115
INTRODUCTION 116
INDONESIA S MONETARY POLICY FRAMEWORK: A BRIEF HISTORY 118 THE
IMPLEMENTATION OF FULLY-FLEDGED IT 120
LIMITATION OF INTEREST-RATE RESPONSES AND CO-ORDINATION WITH GOVERNMENT
124
CONDUCTING MONETARY POLICY WITH AN OPEN CAPITAL ACCOUNT 126 LESSONS TO
BE LEARNED AND POLICY IMPLICATIONS 129
A CLOSING REMARK: 2007 AND BEYOND 131
REFERENCES 132
CHAPTER 6 SOUTH AFRICA S EXPERIENCE WITH MONETARY POLICY WITHIN AN
INFLATION-TARGETING POLICY FRAMEWORK 133
INTRODUCTION 134
ASSESSING THE PERFORMANCE OF IT IN SOUTH AFRICA 137
REMAINING POLICY CHALLENGES 139
CONCLUSION 140
NOTE 141
REFERENCES 141
CHAPTER 7 FROM EXCHANGE-RATE STABILISATION TO INFLATION TARGETING:
TURKEY S QUEST FOR PRICE STABILITY 143
INTRODUCTION 144
THE 2001 CRISIS AND THE ADOPTION OF IMPLICIT IT 145
PUTTING THE PRECONDITIONS FOR FORMAL INFLATION TARGETING IN PLACE 148
THE LAUNCH OF FORMAL IT 158
FORMAL IT (2006-07) 162
CONCLUSION AND CHALLENGES AHEAD 167
NOTES 168
REFERENCES 169
LIST OF ACRONYMS 173
6 MONETARY POLICIES AND INFLATION TARGETING IN EMERGING ECONOMIES - ISBN
978-92-64-04462-3 OECD 2008
|
adam_txt |
IMAGE 1
MONETARY POLICIES
AND INFLATION TARGETING IN EMERGING ECONOMIES
EDITED BY LUIZ DE MELLO
IMAGE 2
TABLE OF CONTENTS
EXECUTIVE SUMMARY 9
CHAPTER 1 MONETARY POLICY AND MACROECONOMIC STABILITY IN LATIN AMERICA:
THE CASES OF BRAZIL, CHILE, COLOMBIA AND MEXICO 15
INTRODUCTION AND SUMMARY 16
MODELLING AND DATA 17
ESTIMATION OF THE STRUCTURAL MODEL 21
VAR ANALYSIS 23
COUNTERFACTUAL ANALYSIS 30
CONCLUSIONS 35
NOTES 36
REFERENCES 37
ANNEX LAI SOLVING THE RATIONAL EXPECTATIONS MODEL 40
CHAPTER 2 BRAZIL: TAMING INFLATION EXPECTATIONS 43
INTRODUCTION AND BACKGROUND 44
DISINFLATION AND RECOVERY IN 2003 45
INFLATION REBOUND AND POLICY RESPONSE IN 2004 48
CONSOLIDATING DISINFLATION IN 2005-06 51
INFLATION EXPECTATIONS: CONVERGENCE TO THE TARGETS AND LOWER INFLATION
UNCERTAINTY 56
CONCLUSIONS 62
NOTES 65
REFERENCES 66
CHAPTER 3 INFLATION TARGETING IN CHILE: EXPERIENCE AND SELECTED ISSUES
69
INTRODUCTION 70
IT IN CHILE 71
SELECTED MONETARY POLICY ISSUES UNDER IT 84
CONCLUSIONS 92
NOTES 93
REFERENCES 94
MONETARY POLICIES AND INFLATION TARGETING IN EMERGING ECONOMIES - ISBN
978-92-64-04462-3 OECD 2008
IMAGE 3
CHAPTER 4 THE CZECH REPUBLIC'S INFLATION TARGETING EXPERIENCE 97
INTRODUCTION 98
THE SIX PHASES OF IT IN THE CZECH REPUBLIC 98
COMPONENTS OF THE IT REGIME 106
CONCLUDING REMARKS 109
NOTES I LL
REFERENCES I LL
CHAPTER 5 MONETARY POLICY IN EMERGING MARKETS: THE CASE OF INDONESIA 115
INTRODUCTION 116
INDONESIA'S MONETARY POLICY FRAMEWORK: A BRIEF HISTORY 118 THE
IMPLEMENTATION OF FULLY-FLEDGED IT 120
LIMITATION OF INTEREST-RATE RESPONSES AND CO-ORDINATION WITH GOVERNMENT
124
CONDUCTING MONETARY POLICY WITH AN OPEN CAPITAL ACCOUNT 126 LESSONS TO
BE LEARNED AND POLICY IMPLICATIONS 129
A CLOSING REMARK: 2007 AND BEYOND 131
REFERENCES 132
CHAPTER 6 SOUTH AFRICA'S EXPERIENCE WITH MONETARY POLICY WITHIN AN
INFLATION-TARGETING POLICY FRAMEWORK 133
INTRODUCTION 134
ASSESSING THE PERFORMANCE OF IT IN SOUTH AFRICA 137
REMAINING POLICY CHALLENGES 139
CONCLUSION 140
NOTE 141
REFERENCES 141
CHAPTER 7 FROM EXCHANGE-RATE STABILISATION TO INFLATION TARGETING:
TURKEY'S QUEST FOR PRICE STABILITY 143
INTRODUCTION 144
THE 2001 CRISIS AND THE ADOPTION OF IMPLICIT IT 145
PUTTING THE PRECONDITIONS FOR FORMAL INFLATION TARGETING IN PLACE 148
THE LAUNCH OF FORMAL IT 158
FORMAL IT (2006-07) 162
CONCLUSION AND CHALLENGES AHEAD 167
NOTES 168
REFERENCES 169
LIST OF ACRONYMS 173
6 MONETARY POLICIES AND INFLATION TARGETING IN EMERGING ECONOMIES - ISBN
978-92-64-04462-3 OECD 2008 |
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spelling | Monetary policies and inflation targeting in emerging economies Organisation for Economic Co-operation and Development. Ed. by Luiz De Mello Paris OECD 2008 174 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Enth. 7 Beitr. This book, based on the proceedings of a conference organized by the OECD and the Bank of England's Center for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance. it includes both cross-country analysis and country-specific case studies. Countries covered include Brazil, Chile, Colombia, the Czech Republic, Indonesia, Mexico, South Africa and Turkey.--Publisher's description. Inflation (Finance) Congresses Inflation (Finance) Latin America Congresses Monetary policy Congresses Monetary policy Latin America Congresses Inflationsbekämpfung (DE-588)4161661-3 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Lateinamerika Schwellenländer (DE-588)4053920-9 gnd rswk-swf (DE-588)1071861417 Konferenzschrift gnd-content Schwellenländer (DE-588)4053920-9 g Geldpolitik (DE-588)4019902-2 s Inflationsbekämpfung (DE-588)4161661-3 s DE-604 Mello, Luiz de Sonstige oth http://www.gbv.de/dms/zbw/566404125.pdf lizenzfrei Inhaltsverzeichnis GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016552246&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Monetary policies and inflation targeting in emerging economies Inflation (Finance) Congresses Inflation (Finance) Latin America Congresses Monetary policy Congresses Monetary policy Latin America Congresses Inflationsbekämpfung (DE-588)4161661-3 gnd Geldpolitik (DE-588)4019902-2 gnd |
subject_GND | (DE-588)4161661-3 (DE-588)4019902-2 (DE-588)4053920-9 (DE-588)1071861417 |
title | Monetary policies and inflation targeting in emerging economies |
title_auth | Monetary policies and inflation targeting in emerging economies |
title_exact_search | Monetary policies and inflation targeting in emerging economies |
title_exact_search_txtP | Monetary policies and inflation targeting in emerging economies |
title_full | Monetary policies and inflation targeting in emerging economies Organisation for Economic Co-operation and Development. Ed. by Luiz De Mello |
title_fullStr | Monetary policies and inflation targeting in emerging economies Organisation for Economic Co-operation and Development. Ed. by Luiz De Mello |
title_full_unstemmed | Monetary policies and inflation targeting in emerging economies Organisation for Economic Co-operation and Development. Ed. by Luiz De Mello |
title_short | Monetary policies and inflation targeting in emerging economies |
title_sort | monetary policies and inflation targeting in emerging economies |
topic | Inflation (Finance) Congresses Inflation (Finance) Latin America Congresses Monetary policy Congresses Monetary policy Latin America Congresses Inflationsbekämpfung (DE-588)4161661-3 gnd Geldpolitik (DE-588)4019902-2 gnd |
topic_facet | Inflation (Finance) Congresses Inflation (Finance) Latin America Congresses Monetary policy Congresses Monetary policy Latin America Congresses Inflationsbekämpfung Geldpolitik Lateinamerika Schwellenländer Konferenzschrift |
url | http://www.gbv.de/dms/zbw/566404125.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016552246&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT melloluizde monetarypoliciesandinflationtargetinginemergingeconomies |
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Inhaltsverzeichnis