Country Experiences with the Introduction and Implementation of Inflation Targeting

July 1, 2009

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Format: Chicago

Inci Ötker, and Charles Freedman. Country Experiences with the Introduction and Implementation of Inflation Targeting, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This is the tenth chapter of a forthcoming monograph entitled, "On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It describes the experiences of a number of countries with the introduction and implementation of inflation targeting regimes. It discusses their motivation for introducing IT; how they fared in meeting the various conditions that some have argued are needed in advance of introducing IT; how they transitioned to a full-fledged IT framework and coordinated their preparations with other economic policies and reforms; the benefits they gained by adopting IT; the challenges they faced in implementation; and the lessons from their experiences.

Subject: Exchange rate arrangements, Exchange rates, Inflation, Inflation targeting, Short term interest rates

Keywords: Country, Government, IT country, IT framework, WP

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/161
Stock No:

WPIEA2009161
ISBN:

9781451873085
ISSN:

1018-5941

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