Inflation Targeting in the World Economy (Paperback)

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.

General

Imprint:	The Peterson Institute for International Economics
Country of origin:	United States
Release date:	October 2003
First published:	November 2002
Authors:	Edwin Truman
Dimensions:	228 x 152 x 14mm (L x W x T)
Format:	Paperback
Pages:	288
ISBN-13:	978-0-88132-345-0
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > International finance
LSN:	0-88132-345-4
Barcode:	9780881323450

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