| Description |
174 pages : illustrations ; 23 cm |
| Contents |
Ch. 1. Monetary policy and macroeconomic stability in Latin America: The cases of Brazil, Chile, Colombia and Mexico -- Modelling and data -- Estimation of the structural model -- VAR analysis -- Counterfactual analysis -- Annex 1.A1. Solving the rational expectations model -- Ch. 2. Brazil: Taming inflation expectations -- Disinflation and recovery in 2003 -- Inflation rebound and policy response in 2004 -- Consolidating disinflation in 2005-06 -- Inflation expectations: convergence to the targets and lower inflation uncertainty -- Ch. 3. Inflation targeting in Chile: Experience and selected issues -- IT in Chile -- Selected monetary policy issues under IT -- Ch. 4. The Czech Republic's inflation targeting experience -- The six phases of IT in the Czech Republic -- Components of the IT regime -- Ch. 5. Monetary policy in emerging markets: The case of Indonesia -- Indonesia's monetary policy framework: A brief history -- The implementation of fully-fledged IT -- Limitation of interest-rate responses and co-ordination with government -- Conducting monetary policy with an open capital account -- Lessons to be learned and policy implications -- A closing remark: 2007 and beyond -- Ch. 6. South Africa's experience with monetary policy within an inflation-targeting policy framework -- Assessing the performance of IT in South Africa -- Remaining policy challenges -- Ch. 7. From exchange-rate stabilisation to inflation targeting: Turkey's quest for price stability -- The 2001 crisis and the adoption of implicit IT -- Putting the preconditions for formal inflation targeting in place -- The launch of formal IT -- Formal IT (2006-07) -- Conclusion and challenges ahead |
| Summary |
This book, based on the proceedings of a conference organized by the OECD and the Bank of England's Center for Banking Studies, examines cross-country issues related to the conduct of monetary policy in emerging markets and the role of inflation targeting in improving macroeconomic performance. it includes both cross-country analysis and country-specific case studies. Countries covered include Brazil, Chile, Colombia, the Czech Republic, Indonesia, Mexico, South Africa and Turkey.--Publisher's description |
| Notes |
"The current volume is based on the proceedings of a conference, organised by the Economics Department of the OECD and the Bank of England's Centre for Central Banking Studies, and hosted by the Economics Department of the OECD on 28 February 2007"--P. 3 |
| Bibliography |
Includes bibliographical references |
| Notes |
Also issued electronically via World Wide Web; UW restricted; PDF reader required for full text |
| Subject |
Monetary policy -- Congresses.
|
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Inflation (Finance) -- Congresses.
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Inflation targeting -- Congresses.
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Inflation targeting -- Latin America -- Congresses.
|
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Monetary policy -- Latin America -- Congresses.
|
| Genre/Form |
Conference papers and proceedings.
|
| Author |
Mello, Luiz R. de.
|
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Organisation for Economic Co-operation and Development. Economics Department.
|
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Bank of England. Centre for Central Banking Studies.
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| LC no. |
2008410845 |
| ISBN |
6611719903 |
|
9264044620 |
|
9264044639 |
|
9786611719906 |
|
9789264044623 |
|
