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Inflation Targeting Lite

Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing i...

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Bibliographic Details
Main Author: Stone, Mark
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Working Papers
Subjects:
Depository Institutions
Inflation
Banks
Finance
Banks And Banking
Currency; Foreign Exchange
Monetary Economics
Inflation Targeting
Policy Designs And Consistency
Deflation
Open Market Operations
Micro Finance Institutions
General Financial Markets: General (includes Measurement And Data)
Mortgages
Central Banks
Price Level
Foreign Exchange
Financial Markets
Emerging And Frontier Financial Markets
Policy Coordination
Policy Objectives
Financial Services Industry
Prices
Macroeconomics
Monetary Policy
Banking
Central Banks And Their Policies
Exchange Rates
Money And Monetary Policy
Finance: General
Sri Lanka
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emerging market countries as practitioners of ITL. They seem to focus mainly on bringing inflation into the single digits and maintaining financial stability. ITL can be viewed as a transitional regime aimed at buying time for the implementation of the structural reforms needed for a single credible nominal anchor. The important policy challenges for an ITL central bank include whether or not to precommit to a single anchor
Physical Description:29 pages
ISBN:9781451842920

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