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

By:

Truman, Edwin M

Material type: Text

TextPublication 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	Barcode
Monograph & others	CBN BAUCHI BRANCH LIBRARY General Stacks	Non-fiction	332.4'1 TRU (Browse shelf(Opens below))	c.1	Available	31008100575592
Monograph & others	CBN ENUGU BRANCH LIBRARY General Stacks	Non-fiction	332.4'1 (Browse shelf(Opens below))	c. 1	Available	31008100898903
Monograph & others	CBN HQ Library		332.4'1 TRU (Browse shelf(Opens below))		Available	31008100000443
Monograph & others	CBN HQ Library		332.4'1 TRU (Browse shelf(Opens below))		Available	31008100000450
Monograph & others	CBN KANO BRANCH LIBRARY General Stacks	Non-fiction	332.4'1 TRU (Browse shelf(Opens below))	c.1	Available	31008100654470
Monograph & others	CBN LAGOS LAISON OFFICE LIBRARY General Stacks		332.4'1 TRU (Browse shelf(Opens below))		Available	31008100699749
Monograph & others	CBN LAGOS LEARNING CENTRE LIBRARY General Stacks	Non-fiction	332.4'1 TRU (Browse shelf(Opens below))	c.1	Available	31008100706361

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Previous	332.4'1 STA Stability and inflation :	332.4'1 STA Stability and inflation :	332.4'1 TRE The economics of inflation /	332.4'1 TRU Inflation targeting in the world economy /	332.4'1 TRU Inflation targeting in the world economy /	332.4'1 UND Understanding inflation and the implications for monetary policy :	332.4'1 UNI Inflation and economic development :	Next

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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