Inflation Targeting for Emerging-Market Countries

Nber Working Paper Series Inflation Targeting in Emerging Market Countries

This paper outlines what inflation targeting involves for emerging market/transition countries and discusses the advantages and disadvantages of this monetary policy strategy. The discussion suggests that although inflation targeting is not a panacea and may not be appropriate for many emerging market countries, it can be a highly useful monetary policy strategy in a number of them. Frederic S....

Monetary Models and Inflation Targeting in Emerging Market Economies

Flexible inflation targeting and labor market inefficiencies☆

a r t i c l e i n f o Do congestion externalities offer a reason to depart from complete price stability as the only goal of monetary policy in a New Keynesian model featuring search frictions, and under what conditions is the welfare cost of labor-market distortions sizable? This paper tries to answer these questions by deriving a linear quadratic framework for optimal monetary policy analysis...

Inflation targeting and public deficit in emerging countries: A time varying treatment effect approach

a r t i c l e i n f o Several studies including Minea et al. (2012) and Lucotte (2012) emphasize that in emerging countries, the adoption of inflation targeting (IT) monetary policy and its discipline character allow intensifying their efforts to collect tax revenue and/or expenditure rationalization, and allows the reduction of their budget deficits (Kadria and Ben Aissa, 2014). Nevertheless, ...

Determinants of Inflation and Feasibility of Inflation Targeting in a Small Emerging Market Economy: The Case of Pakistan By

This paper has been prepared as a background paper for the conference on " Monetary Cum Exchange Rate: What works best for emerging market economies? " to be held under the auspices Abstract The successes of inflation targeting monetary policies in established market economies have generated an interest among policy makers in some emerging market economies to explore the feasibility of adopting...