Inflation targeting in Chile: Experience and selected issues
Rodrigo Valdés discusses the Chilean experience with inflation targeting. He highlights a number of institutional characteristics of the Chilean regime that have contributed to, or acted as a pre requisite for, a good track record of inflation control. Chapter 3 of Monetary policies and inflation targeting in emerging economies.
Several emerging-market economies have adopted inflation targeting as their institutional framework for conducting monetary policy. Monetary policies and inflation targeting in emerging economies focuses on the experiences of Brazil, Chile, Czech Republic, Indonesia, South Africa, and Turkey. The current volume is based on the proceedings of a conference, organised by the Economics Department of the OECD and the Bank of England's Centre for Central Banking Studies.
Long abstract
