Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

Jeffery D. Amato and Stefan Gerlach ()
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Jeffery D. Amato: Bank for International Settlements

No 132001, Working Papers from Hong Kong Institute for Monetary Research

Abstract: Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange rate targets, and (d) the specification of inflation targets. Our overall conclusion is that, suitably modified, IT is a useful policy strategy for EMEs.

Keywords: Inflation targeting; central banks; monetary policy (search for similar items in EconPapers)
JEL-codes: E42 E50 E58 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2001-10
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Citations: View citations in EconPapers (15)

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Related works:
Journal Article: Inflation targeting in emerging market and transition economies: Lessons after a decade (2002)
Working Paper: Inflation Targeting in Emerging Market and Transition Economies: Lessons After a Decade (2001)
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