| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10019 |
| 来源ID | Working Paper 10019 |
| Inflation Targeting in Emerging Market Economies | |
| Arminio Fraga; Ilan Goldfajn; Andre Minella | |
| 发表日期 | 2003-10-13 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This paper assesses inflation targeting in emerging market economies (EMEs), and develops applied prescriptions for the conduct of monetary policy and inflation-targeting design in EMEs. We verify that EMEs have faced more acute trade-offs higher output and inflation volatility and worse performance than developed economies. These results stem from more pronounced external shocks, lower credibility, and lower level of development of institutions in these countries. In order to improve their performance, we recommend high levels of transparency and communication with the public and the development of more stable institutions. At an operational level, we propose a procedure that a central bank under inflation targeting can apply and communicate when facing strong supply shocks, and suggest a monitoring structure for an inflation-targeting regime under an IMF program. |
| 主题 | Macroeconomics ; Business Cycles ; Monetary Policy |
| URL | https://www.nber.org/papers/w10019 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567643 |
| 推荐引用方式 GB/T 7714 | Arminio Fraga,Ilan Goldfajn,Andre Minella. Inflation Targeting in Emerging Market Economies. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10019.pdf（804KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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