Inflation Targeting As a Framework for Monetary Policy |
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Author:
| International Monetary Fund, |
Series title: | Economic Issues Ser. |
ISBN: | 978-1-4519-6514-8 |
Publication Date: | Oct 1998 |
Publisher: | International Monetary Fund
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Book Format: | Paperback |
List Price: | USD $5.00 |
Book Description:
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Inflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes economic planning anightmare. During the past decade, several advanced economies have takena new approach to the age-old problem of controlling inflation throughmonetary policy known as "inflation targeting." This pamphlet explainsthe requirements of putting the new policy in place, the experience of the countries that have tried it, and whether it has applicability...
More DescriptionInflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes economic planning anightmare. During the past decade, several advanced economies have takena new approach to the age-old problem of controlling inflation throughmonetary policy known as "inflation targeting." This pamphlet explainsthe requirements of putting the new policy in place, the experience of the countries that have tried it, and whether it has applicability todeveloping countries.