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portada Inflation Targeting in the World Economy
Type
Physical Book
Year
2002
Language
English
Pages
288
Format
Paperback
Dimensions
21.3 x 17.0 x 1.5 cm
Weight
0.39 kg.
ISBN
0881323454
ISBN13
9780881323450

Inflation Targeting in the World Economy

Edwin Truman (Author) · Peterson Institute for International Economic · Paperback

Inflation Targeting in the World Economy - Truman, Edwin

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Synopsis "Inflation Targeting in the World Economy "

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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