01741cas a2200253 a 4500 AALejournalIMF002245 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842616 1018-5941 BD-DhAAL BD-DhAAL Carare, Alina. Inflation Targeting Regimes / Alina Carare, Mark Stone. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (37 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 This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as corresponding to different welfare maximizing combinations of policy objectives, each conditional on a country's "endowed" level of credibility. The credibility of the regimes is related empirically to structural differences. Policy implications are drawn, especially for emerging market countries aiming at full-fledged inflation targeting. Mode of access: Internet Stone, Mark. IMF Working Papers; Working Paper ; No. 2003/009 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/009/001.2003.issue-009-en.xml IMF e-Library