NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inflation Targeting in Emerging Market Countries

Frederic S. Mishkin

NBER Working Paper No. 7618 (Also Reprint No. r2277)
Issued in August 2000
NBER Program(s):   EFG   IFM   ME

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.

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Document Object Identifier (DOI): 10.3386/w7618

Published: American Economic Review, vol. 9, no. 2, pp. 105-109, May 2000. citation courtesy of

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