INFLATION TARGETING AND THE LEU EXCHANGE RATE AND THE INTEREST RATES IMPLICATIONS ON ECONOMIC ACTIVITY
INFLATION TARGETING AND THE LEU EXCHANGE RATE AND THE INTEREST RATES IMPLICATIONS ON ECONOMIC ACTIVITY

Summary/Abstract: Since the early 1990s, an increasing number of central banks have adopted inflation targeting as their preferred framework for monetary policy. This has replaced frameworks involving using targets for the exchange rate or monetary aggregates. Although initially inflation targeters were industrialized countries, recently an increasing number of emerging-market economies have also adopted this framework, spurred in part by the success of inflation-targeting countries in achieving and sustaining low levels of inflation

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