Inflation Targeting Lite:
Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing i...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 03/12 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing inflation into the single digits and maintaining financial stability. ITL can be viewed as a transitional regime aimed at buying time for the implementation of the structural reforms needed for a single credible nominal anchor. The important policy challenges for an ITL central bank include whether or not to precommit to a single anchor |
| Beschreibung: | 1 Online-Ressource (29 p) |
| ISBN: | 1451842929 9781451842920 |
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| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:31Z |
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| spelling | Stone, Mark R. Verfasser aut Inflation Targeting Lite Stone, Mark R Washington, D.C International Monetary Fund 2003 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/12 Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing inflation into the single digits and maintaining financial stability. ITL can be viewed as a transitional regime aimed at buying time for the implementation of the structural reforms needed for a single credible nominal anchor. The important policy challenges for an ITL central bank include whether or not to precommit to a single anchor Online-Ausg http://elibrary.imf.org/view/IMF001/03577-9781451842920/03577-9781451842920/03577-9781451842920.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Stone, Mark R. Inflation Targeting Lite |
| title | Inflation Targeting Lite |
| title_auth | Inflation Targeting Lite |
| title_exact_search | Inflation Targeting Lite |
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| title_full | Inflation Targeting Lite Stone, Mark R |
| title_fullStr | Inflation Targeting Lite Stone, Mark R |
| title_full_unstemmed | Inflation Targeting Lite Stone, Mark R |
| title_short | Inflation Targeting Lite |
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