Inflation Targeting in the World Economy
Bibliographic Data
| ID | 9828629 |
|---|---|
| Authors | Richard N Cooper (corresponding author), Edwin M Truman (0000-0001-5051-0023) |
| Year | 2004 |
| Volume | 83 |
| Issue | 2 |
| Pages | 159 |
| Publication date | 2004-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20033919 |
| OpenAlex | W1593793943 |
| Language | EN |
| Citations received | 15 |
The focus of this study is the potential contribution of inflation targeting as a framework for the conduct of monetary policy to the performance of the international financial system. First, it reviews the literature on the link between low inflation and higher economic growth and the adoption since 1989 of inflation targeting by almost 20 countries around the world. The study then considers whether the performance of the international financial system would be improved if the central banks of the G3 economies (the United States, Euroland and Japan) were to adopt inflation targeting. The author examines the challenges and opportunities presented by this option to other countries in light of their economic and financial circumstances, focusing on the emerging market economies and their exchange rate regimes. He concludes with a review of the implications of widespread adoption of inflation targeting for IMF-supported stabilization programmes and IMF conditionality
Development economics · Economics · Economy · Inflation (cosmology · Inflation targeting · Keynesian economics · Monetary policy · Global Financial Crisis and Policies
Guardians of Public Value
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Modern Macroeconomics in Practice
Interpreting the Great Moderation
Evidence on the Functional Relationship between Relative Price Variability and Inflation with Implications for Monetary Policy
Inflation Targeting Skepticism
Decisão de preços em economias monetárias e metas de inflação
On the International Effects of Inflation Targeting
A note on inflation targeting and economic growth in Brazil
Monetary Institutions, Partisanship, and Inflation Targeting
Economic Transformation in Russia and China
Ukraine's Financial Crisis, 2009
Does inflation targeting make a difference in developing countries
Is inflation targeting a good remedy to control inflation
Safeguarding Financial Stability
| Unique citing works | 15 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2006 - 2022 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 10 |