Important Elements for Inflation Targeting for Emerging Economies / Inci Ötker, Charles Freedman.

Format:

Book

Government document

Author/Creator:

Ötker, İnci.

Contributor:

Freedman, Charles.

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Working Papers; Working Paper ; No. 2010/113

IMF Working Papers

Language:

English

Subjects (All):

Inflation (Finance)--Developing countries.

Inflation (Finance).

Banks and banking, Central--Developing countries.

Banks and banking, Central.

Physical Description:

1 online resource (42 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Language Note:

English

Summary:

This is the fifth chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It examines whether certain conditions have to be met before emerging economies can adopt an inflation-targeting regime and provides some empirical evidence on the matter. The issues analyzed are the priority of inflation targeting over other goals, the absence of fiscal dominance, central bank independence, the degree of control over the policy interest rate, a sound methodology for forecasting, and the soundness of financial institutions and markets, and resilience to changes in exchange rates and interest rates.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Priority of Inflation Targeting Over Other Goals; III. Absence of Fiscal Dominance; IV. Central Bank Independence; V. A Considerable Degree of Control Over the Policy Instrument; VI. Reasonable Methodology for Forecasting; VII. Sound Financial Institutions and Markets and Resilience to Change In Exchange Rates and Interest Rates; VIII. Some Empirical Evidence; 1. Emerging-Market Preconditions and Current Conditions (1=Current Best Practice)

2. Preconditions and Current Conditions in Emerging-Market and Industrial Countries (1=Current Best Practice)1. Initial Conditions When Countries Adopted Inflation Targeting; IX. Summary; Appendix: Background and Brief Summary of the Book On Implementing Full-Fledged Inflation Targeting Regimes: Saying What You Do and Doing What You Say; References; Footnotes

Notes:

"May 2010".

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613868589

9781462339600

1462339603

9781452729862

1452729867

9781283556132

1283556138

9781455200191

1455200190

OCLC:

867927153