Edwin Truman

(Author)

Inflation Targeting in the World EconomyPaperback, 27 October 2003

Inflation Targeting in the World Economy
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Part of Series
Challenges and Opportunities
Print Length
288 pages
Language
English
Publisher
Peterson Institute for International Economics
Date Published
27 Oct 2003
ISBN-10
0881323454
ISBN-13
9780881323450

Description

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.

Product Details

Author:
Edwin Truman
Book Format:
Paperback
Country of Origin:
US
Date Published:
27 October 2003
Dimensions:
21.29 x 16.97 x 1.5 cm
ISBN-10:
0881323454
ISBN-13:
9780881323450
Language:
English
Location:
New York
Pages:
288
Weight:
390.09 gm

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