TY - JOUR AU - Mishkin,Frederic S. TI - Inflation Targeting in Emerging Market Countries JF - National Bureau of Economic Research Working Paper Series VL - No. 7618 PY - 2000 Y2 - August 2000 UR - http://www.nber.org/papers/w7618 L1 - http://www.nber.org/papers/w7618.pdf N1 - Author contact info: Frederic S. Mishkin Columbia University Graduate School of Business Uris Hall 817 3022 Broadway New York, NY 10027 Tel: 212-854-3488 Fax: 212/662-8474 E-Mail: fsm3@columbia.edu AB - 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. ER -