Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39648
Authors: 
Orlowski, Lucjan T.
Year of Publication: 
2000
Series/Report no.: 
ZEI working paper B 11-2000
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.
JEL: 
E32
E52
P33
Document Type: 
Working Paper

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