Inflation Targeting Regimes
- 1 January 2003
- journal article
- Published by International Monetary Fund (IMF) in IMF Working Papers
- Vol. 3 (9)
- https://doi.org/10.5089/9781451842616.001
Abstract
This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as corresponding to different welfare maximizing combinations of policy objectives, each conditional on a country'sKeywords
All Related Versions
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