Inflation Targeting at 20Achievements and Challenges.ppt

Inflation Targeting at 20:Achievements and Challenges By Scott Roger IMF Prepared for the 6th Norges Bank Monetary Policy Conference Oslo, 11-12 June 2009 Overview Since start of IT in 1989, 29 countries adopting IT. Currently 26 IT countries of which 11 high income and 15 emerging market and developing countries Topics: IT frameworks Macroeconomic performance under IT Issues and challenges facing IT Inflation Targeting Frameworks Main elements: Policy mandates Policy accountability Inflation targets Policy formulation Inflation Targeting Frameworks Policy mandates Instrument autonomy, not