Inflation Targeting in Practice: A Survey

Kameliia Petrova

Abstract


Since its first introduction in New Zealand in 1990, inflation targeting has been successfully adopted in several
industrialized countries-Canada, the United Kingdom, Sweden, Finland, Australia in the early 1990s; and Iceland
and Norway a decade later. More recently, several emerging market economies (Mexico, Israel, Chile, and Brazil
among them) have tried to move in the same direction. I have performed a cross-country comparison of the
application of inflation targeting framework. Reviewing case studies and empirical evidence from the past twenty years, I present and summarize the most recent results and practical issues experienced by the emerging market economies, as well as the necessary steps that should be considered to ensure a successful implementation.


Full Text: PDF DOI: 10.5539/ijbm.v7n6p58

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.