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Inflation-forecast targeting : applying the principle of transparency /
"Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation environment. To support policy making, each has developed a structured system of forecasting and poli...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Research Department,
2015.
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| Colección: | IMF working paper ;
WP/15/132. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation environment. To support policy making, each has developed a structured system of forecasting and policy analysis appropriate to its needs. A common component is a model-based forecast with an endogenous policy interest rate path. The approach is characterized, among other things, by transparent communications - some IFT central banks go so far as to publish their policy interest rate projection. Some elements of this regime, although a work still in progress, are worthy of consideration by central banks that have not yet officially adopted full-fledged inflation targeting."--Abstract |
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| Notas: | "June 2015." |
| Descripción Física: | 1 online resource (56 pages) |
| ISBN: | 1513547658 1513557653 9781513557656 9781513544755 1513544756 1513582925 9781513582924 9781513547657 |
| ISSN: | 1018-5941 ; |