Inflation Targeting as a Framework for Monetary Policy /

Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and makes economic planning a nightmare. During the past decade, several advanced economies have taken a new approach to the age-old problem of controlling inflation through monetary policy...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter: Debelle, Guy
Andre forfattere: Masson, Paul, Savastano, Miguel, Sharma, Sunil
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1998.
Serier:Economic Issues; Economic Issues ; No. 1998/005
Online adgang:Full text available on IMF
Beskrivelse
Summary:Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and makes economic planning a nightmare. During the past decade, several advanced economies have taken a new approach to the age-old problem of controlling inflation through monetary policy known as "inflation targeting." This pamphlet explains the requirements of putting the new policy in place, the experience of the countries that have tried it, and whether it has applicability to developing countries.
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Fysisk beskrivelse:1 online resource (20 pages)
Format:Mode of access: Internet
ISSN:1020-5098
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students