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...

Full description

Bibliographic Details
Main Author: Debelle, Guy
Other Authors: Masson, Paul, Savastano, Miguel, Sharma, Sunil
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:Economic Issues; Economic Issues ; No. 1998/005
Online Access:Full text available on IMF
Description
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.
Item Description:<strong>Off-Campus Access:</strong> No User ID or Password Required
<strong>On-Campus Access:</strong> No User ID or Password Required
Physical Description:1 online resource (20 pages)
Format:Mode of access: Internet
ISSN:1020-5098
Access:Electronic access restricted to authorized BRAC University faculty, staff and students