Nber Working Paper Series Inflation Targeting in Emerging Market Countries
نویسنده
چکیده
This paper outlines what inflation targeting involves for emerging market/transition countries and discusses the advantages and disadvantages of this monetary policy strategy. The discussion suggests that although inflation targeting is not a panacea and may not be appropriate for many emerging market countries, it can be a highly useful monetary policy strategy in a number of them. Frederic S. Mishkin Graduate School of Business Uris Hall 619 Columbia University New York, NY 10027 and NBER [email protected]
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