Towards an Inflation Targeting Framework for Suriname


Created 23 Aug, 2013
Categories Working Papers
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In several countries the adoption of an inflation targeting regime has resulted in an improvement of monetary policy effectiveness in terms of anchoring inflation expectations. The improvement is not only reflected in stable prices and higher economic growth but also in enhanced policy transparency and accountability. Even though inflation targeting is generally associated with freely floating exchange rate regimes, it can also be conducted in conjunction with intermediate exchange rate regimes under the condition that, in situations of conflict, priority is given to the inflation target over the exchange rate target. This paper examines the feasibility of introducing inflation targeting as a new monetary policy framework in Suriname, given the fact that the country currently has a de facto adjustable peg regime.

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