Inflation Targeting in Practice
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Summary:
In recent years, an inflation targeting framework for monetary policy has been adopted in a number of industrial countries. This paper discusses the practical issues that have arisen under the operation of the new framework, and highlights five features of the framework: the assignment of the target, the interaction with other policy goals, the definition of the target, accountability and the role of inflation forecasts. The economic performance of the inflation targeting countries thus far is summarized.
Series:
Working Paper No. 1997/035
Subject:
Banking Consumer price indexes Economic forecasting Inflation Inflation targeting Monetary policy Price stabilization Prices
English
Publication Date:
March 1, 1997
ISBN/ISSN:
9781451845310/1018-5941
Stock No:
WPIEA0351997
Pages:
34
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