Publications → Macroeconomic Policy → Sustainability

Adopting Inflation Targeting: Overview of Economic Preconditions and Institutional Requirements

This paper is about the introduction of inflation since the beginning of the 1990s, targeting as their monetary policy framework, making low inflation the primary objective of monetary policy. This is based on the consensus view in economics that price stability is an important prerequisite for sustainable real economic growth, and central banks should thus direct their policies at achieving this goal, subordinating other, potentially conflicting objectives.

Link	http://www.research.by/pdf/pp2007e06.pdf
Author	Kirchner, R., Kruk, D.
Date	08/12/2007
Institute	Institute for Privatization and Management Research Center
Tags	monetary, policy, inflation, Belarus