The Scope for Inflation Targeting in Developing Countries
نویسندگان
چکیده
منابع مشابه
The Case for Inflation Targeting in East Asian Countries
Over the past decade, a number of countries have adopted an inflation-targeting framework for the conduct of monetary policy. The majority of these have been developed countries, although Chile and Israel have also pursued some form of inflation targeting for the best part of ten years. In part spurred on by the successful economic performance of the countries that have adopted inflation target...
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Interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. Developing countries are better suited for it, however, in light of big supply shocks and terms of trade shocks, such as monsoon rains and oil import price shocks in the case of India. Under annual inflation targeting (IT), the full impact of adverse supply shocks is felt as lost real GDP. NGDP targeti...
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Inflation targeting framework has become a predominant monetary approach across the globe. Williams (2015) believes that in a very real sense, almost all economies are inflation targeters -either explicit or implicit- now.(1) Due to the increasing spread of this policy, it is necessary to consider the way it affects macroeconomic variables. using prevalent economic models for evaluating the eff...
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15 صفحه اولBackground Paper: The Monetary Frameworks of Four Inflation-Targeting Countries
In the 1990s, a number of countries adopted explicit inflation targets as the goal of monetary policy, following the example of New Zealand and Canada.1 The targets were introduced to make more concrete the authorities’ commitment to achieve and maintain low rates of inflation in their economies. This paper provides a brief overview of the inflation-targeting programs of four countries—New Zeal...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2001
ISSN: 1556-5068
DOI: 10.2139/ssrn.268907