01779cas a2200253 a 4500 AALejournalIMF003690 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861822 1018-5941 BD-DhAAL BD-DhAAL Roger, Scott. On Target? : The International Experience with Achieving Inflation Targets / Scott Roger, Mark Stone. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (68 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 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. Mode of access: Internet Stone, Mark. IMF Working Papers; Working Paper ; No. 2005/163 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/163/001.2005.issue-163-en.xml IMF e-Library