Edwin Truman

Inflation Targeting in the World Economy (eBook, PDF)

• Format: PDF

Produktbeschreibung

This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities-a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.

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Produktdetails

• Verlag: Peterson Institute for International Economics
• Erscheinungstermin: 27. Oktober 2003
• Englisch
• ISBN-13: 9780881324501
• Artikelnr.: 53219981