01917cas a2200277 a 4500 AALejournalIMF015317 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513567990 1018-5941 BD-DhAAL BD-DhAAL Laurens, Bernard. The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road / Bernard Laurens, Kelly Eckhold, Darryl King, Nils Maehle. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (44 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 Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road. Mode of access: Internet Eckhold, Kelly. King, Darryl. Maehle, Nils. IMF Working Papers; Working Paper ; No. 2015/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/136/001.2015.issue-136-en.xml IMF e-Library