IMF paper offers advice on transition to inflation-targeting regimes
Journey to inflation targeting is likely to be a long one, authors say
Economies looking to make the switch from exchange rate or monetary targeting to inflation targeting would be wise to adopt a gradual approach, according to a working paper published by the International Monetary Fund on June 25.
Authors Bernard Laurens, Kelly Eckhold, Darryl King, Nils Maehle, Abdul Naseer and Alain Durré signpost a "journey to inflation targeting" in their paper, warning the journey is likely to be a long one. Economies must undergo structural transformation, build the
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