Inflation Targeting in the World Economy

Name: Inflation Targeting in the World Economy
Price: 20.91 USD
Availability: InStock
ISBN: 9780881323450

ISBN-10: 0881323454

ISBN-13: 9780881323450

Edition: 2003

Authors: Edwin Truman

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Book details

List price: $25.00
Copyright year: 2003
Publisher: Peterson Institute for International Economics
Publication date: 10/27/2003
Binding: Paperback
Pages: 288
Size: 0.60" wide x 0.90" long x 0.06" tall
Weight: 0.924
Language: English



Preface


Acknowledgments



What Is the Fuss All About?


What Is Inflation Targeting?


What Are the Issues?


Plan of the Book



Monetary Policy Regimes



Attraction of Inflation Targeting


Intellectual Origins


Choosing an Inflation-Targeting Framework



Inflating Targeting in Practice


Necessary Preconditions


What the Skeptics Say


The Framework in Practice: Four Principal Elements


Actual and Potential Inflation Targeters


Empirical Investigations


Conclusion



Inflation Targeting and the Group of Three


Individual Adoption


Joint Adoption



Exchange Rate Regimes, Policies, and Practices


Performance of Exchange Rates under Inflation Targeting


Inflation Targeting and Exchange Rate Regimes


Inflation Targeting and Exchange Market Operations


The "Fear of Flating"


Conclusions



International Financial Architecture


Prevention and Management of Crises


IMF Adjustment Programs


Conclusions



Challenges and Opportunities


Inflation Targeting by the G3


Is Inflation Targeting Broadly Applicable?


Implications for Exchange Rate Policies


Implications for the International Financial Architecture


Recommendations


Concluding Thoughts


Appendix


References


Index


Tables



Average rates of CPI inflation and growth rates of real GDP, 1990-2002



Inflation variability and inflation in industrial countries over three decades



Countries with inflation-targeting monetary policy frameworks



Factors associated with a country's choice of inflation targeting



Overview of inflation-targeting frameworks



Evaluation in inflation-targeting frameworks



Categorization of inflation targeters, based on inflation rates