01727cas a2200253 a 4500 AALejournalIMF000682 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853186 1018-5941 BD-DhAAL BD-DhAAL Tokarick, Stephen. Considerations in Reducing Inflation From Low to Lower Levels / Stephen Tokarick, Michael Leidy. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this issue. Once a country has decided to move to an even lower rate of inflation, the question then becomes whether it would be better to achieve this objective through inflation targeting or price-level targeting. The paper critically reviews the arguments for both approaches. Mode of access: Internet Leidy, Michael. IMF Working Papers; Working Paper ; No. 1998/109 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/109/001.1998.issue-109-en.xml IMF e-Library