Inflation Targeting Policies in Less-Developed Countries: Some Evidence and Potential

• Published in: The Journal of social, political, and economic studies Vol. 33; no. 1; pp. 71 - 83
• Main Authors: Ghazanfar, S M, Sevcik, Candelaria L
• Format: Journal Article
• Language: English
• Published: Washington Council for Social and Economic Studies, Inc 01.04.2008
• Subjects: Accountability; Central banks; Chile; Credibility; Cross-sectional studies; Developing Countries; Discipline; Economic conditions; Economic models; Economic Policy; Inflation; Inflation rates; LDCs; Monetary policy; New Zealand; Studies; Success; Transparency

Inflation Targeting (IT) is a macro-monetary policy tool, originally introduced in New Zealand and now adopted by several countries, that can lead to relatively stable and low inflation rates through the adoption of an explicit inflation target, one that can, if successful, lead to enhanced credibil...