Degré de Pertinence de la politique de ciblage d'Inflation: Aspect pratique de l'expérience des banques centrales des pays industrialisés et adaptabilité pour quelques pays PED et en transition

Mohsen Brahmi and Sonia Zouary

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Abstract: Since the 90's years until nowadays, many industrialized countries adopted the inflation targeting strategy, following per other transition countries thus as other developing countries. In this framework, the monetary authorities are attached to announce an explicit target range of inflation rate foreseen on one or several periods. The inflation targeting requires the strengthening of communication between the monetary authorities and the public what enhance accountability and the discipline of the Central Bank towards its commitment to respect the realization of the objectives announced of its monetary policy in terms of inflation. The monetary authorities must, to be, ex-ante, transparent concerning their monetary policy and will be judged, ex post, or even punished on all deviation from the target announced. The station results in a loss of credibility expressed by the economy actors.

Keywords: Inflation Targeting policy; industrialized countries; transition countries; developing countries (search for similar items in EconPapers)
Date: 2013-01-18
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Published in International Journal of Innovation and Applied Studies, 2013, 2 (1), pp.21-33

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00781454

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