Inflation targeting in the world economy /
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, DC :
Institute for International Econommics,
2003.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 1 What Is the Fuss All About? 1
- What Is Inflation Targeting? 5
- What Are the Issues? 8
- Plan of the Book 11
- Appendix 1.1 Monetary Policy Regimes 13
- 2 Attraction of Inflation Targeting 17
- Intellectual Origins 17
- Choosing an Inflation-Targeting Framework 38
- 3 Inflating Targeting in Practice 47
- Necessary Preconditions 48
- What the Skeptics Say 55
- The Framework in Practice: Four Principal Elements 60
- Actual and Potential Inflation Targeters 67
- Empirical Investigations 71
- 4 Inflation Targeting and the Group of Three 99
- Individual Adoption 100
- Joint Adoption 159
- 5 Exchange Rate Regimes, Policies, and Practices 165
- Performance of Exchange Rates under Inflation Targeting 167
- Inflation Targeting and Exchange Rate Regimes 177
- Inflation Targeting and Exchange Market Operations 181
- The "Fear of Flating" 185
- 6 International Financial Architecture 191
- Prevention and Management of Crises 191
- IMF Adjustment Programs 196
- 7 Challenges and Opportunities 205
- Inflation Targeting by the G3 209
- Is Inflation Targeting Broadly Applicable? 211
- Implications for Exchange Rate Policies 213
- Implications for the International Financial Architecture 214
- Recommendations 215
- Table 2.1 Average rates of CPI inflation and growth rates of real GDP, 1990-2002 21
- Table 2.2 Inflation variability and inflation in industrial countries over three decades 24
- Table 2.3 Countries with inflation-targeting monetary policy frameworks 29
- Table 2.4 Factors associated with a country's choice of inflation targeting 40
- Table 3.1 Overview of inflation-targeting frameworks 61
- Table 3.2 Evaluation in inflation-targeting frameworks 67
- Table 3.3 Categorization of inflation targeters, based on inflation rates 69.