CHALLENGES FOR MONETARY POLICY IN EMERGING MARKETS AS GLOBAL FINANCIAL CONDITIONS NORMALIZE

摘要

Following a period of disinflation during the 1990s and early 2000s, inflation in emerging market and developing economies has remained low and stable. This chapter examines the low and stable inflation experience in 19 emerging markets during 2004-18 to determine whether the recent gains in inflation performance are sustainable as global financial conditions normalize.