| Inflation Targeting in the World Economy Contributor(s): Truman, Edwin (Author) |
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ISBN: 0881323454 ISBN-13: 9780881323450 Publisher: Peterson Institute for International Economic OUR PRICE: $24.75 Product Type: Paperback - Other Formats Published: October 2003 Annotation: The author addresses the challenges and risks associated with inflation targeting as a monetary policy framework. The study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation, and (2) the adoption of inflation targeting by emerging-market economies that often lack stable monetary policy environments and credible policy authorities--a situation that, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs. |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Money & Monetary Policy - Business & Economics | Economics - Macroeconomics |
| Dewey: 331.252 |
| LCCN: 2003061260 |
| Series: Challenges and Opportunities |
| Physical Information: 0.59" H x 6.68" W x 8.38" (0.86 lbs) 288 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities--a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs. |