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Inflation targeting in the world economy / Edwin M. Truman.

By: Material type: TextTextPublication details: Washington, DC : Institute for International Econommics, 2003.Description: xvi, 261 p. : ill. ; 23 cmISBN:
  • 0881323454 (pbk.)
Subject(s): DDC classification:
  • 332.4'1 22
LOC classification:
  • HG229 .T768 2003
Summary: The focus of this study is the potential contribution of inflation targeting as a framework for the conduct of monetary policy to the performance of the international financial system. First, it reviews the literature on the link between low inflation and higher economic growth and the adoption since 1989 of inflation targeting by almost 20 countries around the world. The study then considers whether the performance of the international financial system would be improved if the central banks of the G3 economies (the United States, Euroland and Japan) were to adopt inflation targeting. The author examines the challenges and opportunities presented by this option to other countries in light of their economic and financial circumstances, focusing on the emerging market economies and their exchange rate regimes. He concludes with a review of the implications of widespread adoption of inflation targeting for IMF-supported stabilization programmes and IMF conditionality.
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Item type Current library Collection Call number Copy number Status Date due Barcode
Monograph & others Monograph & others CBN BAUCHI BRANCH LIBRARY General Stacks Non-fiction 332.4'1 TRU (Browse shelf(Opens below)) c.1 Available 31008100575592
Monograph & others Monograph & others CBN ENUGU BRANCH LIBRARY General Stacks Non-fiction 332.4'1 (Browse shelf(Opens below)) c. 1 Available 31008100898903
Monograph & others Monograph & others CBN HQ Library 332.4'1 TRU (Browse shelf(Opens below)) Available 31008100000443
Monograph & others Monograph & others CBN HQ Library 332.4'1 TRU (Browse shelf(Opens below)) Available 31008100000450
Monograph & others Monograph & others CBN KANO BRANCH LIBRARY General Stacks Non-fiction 332.4'1 TRU (Browse shelf(Opens below)) c.1 Available 31008100654470
Monograph & others Monograph & others CBN LAGOS LAISON OFFICE LIBRARY General Stacks 332.4'1 TRU (Browse shelf(Opens below)) Available 31008100699749
Monograph & others Monograph & others CBN LAGOS LEARNING CENTRE LIBRARY General Stacks Non-fiction 332.4'1 TRU (Browse shelf(Opens below)) c.1 Available 31008100706361
Browsing CBN LAGOS LEARNING CENTRE LIBRARY shelves, Shelving location: General Stacks, Collection: Non-fiction Close shelf browser (Hides shelf browser)
332.4'1 DEF Deflation : 332.4'1 INF Inflation targets : 332.4'1 INF Inflation expectations / 332.4'1 TRU Inflation targeting in the world economy / 332.4'101 BEY Beyond inflation targeting : 332.4'1'01 FRI Theories of inflation / 332.4'101 GIL Inflation theory in economics :

Includes bibliographical references (p. 237-254) and index.

The focus of this study is the potential contribution of inflation targeting as a framework for the conduct of monetary policy to the performance of the international financial system. First, it reviews the literature on the link between low inflation and higher economic growth and the adoption since 1989 of inflation targeting by almost 20 countries around the world. The study then considers whether the performance of the international financial system would be improved if the central banks of the G3 economies (the United States, Euroland and Japan) were to adopt inflation targeting. The author examines the challenges and opportunities presented by this option to other countries in light of their economic and financial circumstances, focusing on the emerging market economies and their exchange rate regimes. He concludes with a review of the implications of widespread adoption of inflation targeting for IMF-supported stabilization programmes and IMF conditionality.

lje 02/05/13

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