Peterson Institute bookstore
The Peterson Institute for International Economics is a private, nonprofit, nonpartisan
research institution devoted to the study of international economic policy. More › ›
RSS News Feed Search

Inflation Targeting in the World Economy
Book Data
October 2003
ISBN paper 0-88132-345-4
288 pp.

News Release



Inflation Targeting in the World Economy

by Edwin M. Truman


This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities—a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.

UK and European Residents: Purchase this book through Eurospan for faster service.

Search the full text
of this book:




1. What Is the Fuss All About?

2. Attraction of Inflation Targeting

3. Inflational Targeting in Practice

4. Inflation Targeting and the Group of Three

5. Exchange Rate Regimes, Policies, and Practices

6. International Financial Architecture

7. Challenges and Opportunities




Other books of interest:
International Financial Architecture: What's New? What's Missing?
International Financial Architecture: What's New? What's Missing?
by Peter B. Kenen