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Why inflation targeting? /
This is the second chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, DC] :
International Monetary Fund (IMF),
©2009.
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| Colección: | IMF working paper ;
WP/09/86. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This is the second chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targe |
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| Descripción Física: | 1 online resource (25 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 23-25). |
| ISBN: | 145191668X 9781451916683 1462349722 9781462349722 1452729891 9781452729893 1282843060 9781282843066 9786612843068 6612843063 |
| ISSN: | 2227-8885 ; |