IMF: inflation targeting the next step for emerging economies
An IMF paper published in May examines the requirements emerging economies must meet before they can adopt an inflation-targeting regime and provides some empirical evidence on the matter.
The paper is the fifth chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say.
While a number of emerging economies began to use inflation targeting in the first half of the 1990s, it was initially only one part of their
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