Inflation targeting in practice : strategic and operational issues and application to emerging market economies / editors, Mario I. Blejer, Alain Ize, Alfredo M. Leone, Sergio Werlang.

Includes bibliographical references.

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting.--Publisher's description.

Print version record.

Introduction and overview / Mario I. Blejer and Alfredo M. Leone -- Maintaining low inflation: rationale and reality / Marvin Goodfriend -- Strategic choices in inflation targeting: the New Zealand experience / Murray Sherwin -- Inflation forecast targeting: the Swedish experience / Claes Berg -- The Canadian monetary transmission mechanism and inflation projections / David Longworth -- Inflation targeting and output stabilization in Australia / Guy Debelle -- Targeting inflation: the United Kingdom in retrospect / Andrew Haldane -- Monetary policy and inflation targeting in Chile / Felipe Morandé and Klaus Schmidt-Hebbel -- Inflation targeting under a crawling band exchange rate regime: lessons from Israel / Leonardo Leiderman and Gil Bufman -- Mexico's monetary policy framework under a floating exchange rate regime / Agustin G. Carstens and Alejandro M. Werner -- Issues in the adoption of an inflation targeting framework in Brazil / Research Department, Central Bank of Brazil.

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English.

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