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Monetary regimes and inflation targeting

Croce, Enzo

Monetary regimes and inflation targeting - 2000

Focuses on various aspects of inflation targeting which is a framework for monetary policy that commits the central bank to achieving low inflation. Notes that inflation targeting has enjoyed considerable success among industrial countries and it offers a number of operational advantages for developing countries. Concludes that it compels policy-makers t to deepen reforms, enhance transparencey, and improve the fiscal stance; it also holds out the promise of eventual convergence to international levels of inflation.










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