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Contents | Executive summary | How to obtain this publication | Additional info
Chapter 4: The Czech Republic’s inflation targeting experience
The experience of the Czech Republic with IT – the first one in a transition economy – is discussed by Kateřina Šmídková. She argues that IT was adopted only after other monetary policy regimes had failed. An important feature of the Czech regime is the need to build an exit strategy into the policy framework, given the country’s expected entry into the euro zone, although no date has yet been announced. The problem of exiting from a monetary policy regime has so far been faced by countries with fixed exchange rate regimes (including currency boards), rather than IT.
How to obtain this publication
The complete text of edition of Monetary policies and inflation targeting in emerging economies is available from:
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Additional information
Further information can be obtained from the Brazil, South America and Indonesia Desk at the OECD Economics Department at ECO.Contact@oecd.org
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