Inflation targeting, employment creation and economic development: assessing the impacts and policy alternatives

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dc.citation.epage144en_US
dc.citation.issueNumber2en_US
dc.citation.spage131en_US
dc.citation.volumeNumber22en_US
dc.contributor.authorEpstein, G.en_US
dc.contributor.authorYeldan, E.en_US
dc.date.accessioned2016-02-08T10:10:11Z
dc.date.available2016-02-08T10:10:11Z
dc.date.issued2008en_US
dc.departmentDepartment of Economicsen_US
dc.departmentDepartment of International Relationsen_US
dc.description.abstractInflation targeting (IT) has recently become the dominant monetary policy prescription for both developing and industrialized countries alike. Emerging market governments, in particular, are increasingly pressured to follow IT as part of their International Monetary Fund (IMF)-led stabilization packages and the routine rating procedures of the international finance institutions. However, the common expectation of IT promoters that price stability would ultimately lead to higher employment and sustained growth has failed to materialize. Generally, the current growth patterns of the world economy are too concentrated and uneven to generate sufficient capital investment and reduce unemployment. To contribute to the task of designing a more socially desirable macroeconomic policy environment, we offer concrete country case studies that devise viable alternatives to inflation targeting central bank policies in order to promote employment, sustained growth and improved income distribution.en_US
dc.identifier.doi10.1080/02692170701880601en_US
dc.identifier.eissn1465-3486
dc.identifier.issn0269-2171
dc.identifier.urihttp://hdl.handle.net/11693/23197
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/02692170701880601en_US
dc.source.titleInternational Review of Applied Economicsen_US
dc.subjectCentral banksen_US
dc.subjectInflation targetingen_US
dc.subjectDeveloping worlden_US
dc.subjectEconomic developmenten_US
dc.subjectEmploymenten_US
dc.subjectFinancial servicesen_US
dc.subjectIMFen_US
dc.subjectIncome distributionen_US
dc.subjectInflationen_US
dc.subjectInvestmenten_US
dc.subjectMacroeconomicsen_US
dc.subjectMonetary policyen_US
dc.titleInflation targeting, employment creation and economic development: assessing the impacts and policy alternativesen_US
dc.typeArticleen_US

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