@techreport{Orlowski2000dynamic,
abstract = {This study views inflation targeting as a viable monetary regime for more advanced transition
economies. A dynamic approach to the trajectory of disinflation and to the flexibility of direct
inflation targeting is presented in the context of achieving monetary convergence to the
EU/AMU. The candidate countries are advised to begin from strict inflation targeting and to
follow with a more flexible inflation targeting regime before they establish a necessary
`foundational credibility' and monetary stability. These steps, ultimately followed by a euro-peg,
are necessary in preparing for accession to the eurozone. The early experiences of the Czech
Republic and Poland with inflation targeting are examined.},
address = {Bonn},
author = {Lucjan T. Orlowski},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E32; E52; P33; 330; Inflation Targeting; W\"{a}hrungspolitik; \"{U}bergangswirtschaft; Wirtschaftliche Anpassung; EU-Erweiterung; Ts},
language = {eng},
number = {B 11-2000},
publisher = {ZEI},
title = {A dynamic approach to inflation targeting in transition economies},
type = {ZEI working paper},
url = {http://hdl.handle.net/10419/39648},
year = {2000}
}
