The DOI matches its Crossref record; 26 of the 26 references it cites were found in a registry or an index.
Inflation Targeting in Emerging Market Economies
Open accessAbstract
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.
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Self-citationDoes talk matter after all? Inflation targeting and central bank behaviorPreprint
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Cited by
(2011) · RePEc: Research Papers in Economics · Cited by 27
Metadata
- Authors
- Fraga, A., Goldfajn, I., & Minella, A.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2003-10
- OpenAlex
- W3124537406
- Cited by
- 312
- References
- 26
- Type
- report
- Language
- en
- Open access
- green
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