Inflation Targeting in the World Economy

Edwin Truman

ISBN 10: 0881323454 / ISBN 13: 9780881323450

Published by The Peterson Institute For International Economics Okt 2003, 2003

About this Item

Neuware - The author addresses the challenges and risks associated with inflation targeting as a monetary policy framework. 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 that often lack stable monetary policy environments and credible policy authorities--a situation that, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.

Seller Inventory # 9780881323450

Bibliographic Details

• Title: Inflation Targeting in the World Economy
• Publisher: The Peterson Institute For International Economics Okt 2003
• Publication Date: 2003
• Language: English
• ISBN 10: 0881323454
• ISBN 13: 9780881323450
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 228W x 152H x 14D millimeters 228 millimeters width by 152 millimeters height by 14 millimeters depth
• Weight: 398 grams

About this title

Synopsis

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.

About the Author

Edwin M. Truman, nonresident senior fellow since July 2013, joined the Peterson Institute for International Economics as senior fellow in 2001. Previously he served as assistant secretary of the US Treasury for International Affairs from December 1998 to January 2001 and returned as counselor to the secretary March–May 2009. He directed the Division of International Finance of the Board of Governors of the Federal Reserve System from 1977 to 1998. From 1983 to 1998, he was one of three economists on the staff of the Federal Open Market Committee.