The author addresses the challenges and opportunities associated with inflation targeting as a monetary policy framework. The study focuses on two major international economic policy issues: (1) the implications for the world economy of the adoption of inflation targeting by the G3 central banks and (2) whether the framework is a viable option for emerging market economies and what the implications would be for IMF-supported stabilization programs.
ABOUT THE AUTHOR Edwin M. Truman
Edwin M. Truman, senior fellow, was assistant secretary of the Treasury for international affairs (1998-2001). He directed the Division of International Finance of the Board of Governors of the Federal Reserve from 1977 to 1998, he was one of three economists on the staff of the Federal Open Market Committee. He has been a member of numerous international working groups on international economic and financial issues. His publications includes works on international monetary economics, international debt problems, economic development, and European economic integration.
There are no reviews yet.