ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

The Unravelling of Inflation Targeting

The Unravelling of Inflation Targeting

Inflation targeting as currently conducted by central banks in both developed and developing economies is breaking down. In the developed countries it is stymied by asset and credit bubbles and in developing countries infl ation targeting has been disrupted by the source of infl ationary pressures and volatile capital fl ows. Developing countries need to fi nd ways of targeting non-core infl ation, and also need to devise a separate policy instrument to target the external fi nancial cycle.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top