Verfügbarkeit: The Scope for Inflation Targeting in Developing Countries

The Scope for Inflation Targeting in Developing Countries:

Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability...

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1. Verfasser:	Savastano, Miguel A. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1997
Schriftenreihe:	IMF Working Papers Working Paper No. 97/130
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 (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework
Beschreibung:	1 Online-Ressource (53 p)
ISBN:	145185515X 9781451855159

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spelling	Savastano, Miguel A. Verfasser aut The Scope for Inflation Targeting in Developing Countries Savastano, Miguel A Washington, D.C International Monetary Fund 1997 1 Online-Ressource (53 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/130 Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework Online-Ausg Masson, Paul R. Sonstige oth Sharma, Sunil Sonstige oth http://elibrary.imf.org/view/IMF001/07307-9781451855159/07307-9781451855159/07307-9781451855159.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Savastano, Miguel A. The Scope for Inflation Targeting in Developing Countries
title	The Scope for Inflation Targeting in Developing Countries
title_auth	The Scope for Inflation Targeting in Developing Countries
title_exact_search	The Scope for Inflation Targeting in Developing Countries
title_exact_search_txtP	The Scope for Inflation Targeting in Developing Countries
title_full	The Scope for Inflation Targeting in Developing Countries Savastano, Miguel A
title_fullStr	The Scope for Inflation Targeting in Developing Countries Savastano, Miguel A
title_full_unstemmed	The Scope for Inflation Targeting in Developing Countries Savastano, Miguel A
title_short	The Scope for Inflation Targeting in Developing Countries
title_sort	the scope for inflation targeting in developing countries
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MARC

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