Inflation targeting in emerging market and transition economies: Lessons after a decade

被引：64

作者：

Amato, JD

Gerlach, S

机构：

[1] HKMA, Hong Kong, Hong Kong, Peoples R China

[2] Bank Int Settlements, Basel, Switzerland

[3] Ctr Econ Policy Res, London SW1Y 6LA, England

[4] Univ Basel, Basel, Switzerland

来源：

EUROPEAN ECONOMIC REVIEW | 2002年 / 46卷 / 4-5期

关键词：

inflation targeting; central banks; monetary policy;

D O I：

10.1016/S0014-2921(01)00213-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Starting in the early 1990s, several emerging market and transition economies 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. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：781 / 790

页数：10

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