On Target? the International Experience with Achieving Inflation Targets

Released on by Mr.Scott Roger
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  • On Target? the International Experience with Achieving Inflation Targets Book Detail

  • Author : Mr.Scott Roger
  • Release Date : 2005-08-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 69
  • ISBN 13 : 1451861826
  • File Size : 68,68 MB
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On Target? the International Experience with Achieving Inflation Targets by Mr.Scott Roger PDF Summary

Book Description: This paper examines the international experience with full-fledged inflation targeting monetary regimes. Stylized facts are brought together from a review of the institutional elements of inflation targeting frameworks, a comparison of actual and targeted inflation outcomes, and case studies of large inflation target misses. Inflation targets are missed about 40 percent of the time and often by substantial amounts and for prolonged periods, yet no country has dropped inflation targeting. The resilience of the inflation targeting regime is attributable to the flexibility of the framework, its high standards of transparency and accountability, and the lack of realistic alternatives.

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