Amato, Jeffery D.; Gerlach, Stefan - Hong Kong Institute for Monetary Research (HKIMR), … - 2001
Starting in the early 1990s, several emerging market and transition economies (EMEs) have adopted inflation targeting (IT). In this paper we discuss a number of issues that arise in this context: (a) the definition of IT, (b) the role of preconditions for IT, (c) the use of intermediate exchange...