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Inflation Targeting Essays

The Importance of Inflation Targeting in Emerging Market Countries

Introduction Inflation targeting requires monetary bodies to adopt a forward-looking attitude and take the preemptive action to fill the lags in policy decisions relating to their effect on output and prices. As Alan Greenspan put it, implicit within the confines of a monetary policy action refers to the expectations of how the future will unfold ... Read More
Pages: 12       Words: 3297
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