The journey to inflation targeting : easier said than done : the case for transitional arrangements along the road /

"Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the inf...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Laurens, Bernard J. (Autor)
Autor Corporativo: International Monetary Fund. Monetary and Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Monetary and Capital Markets Department, 2015.
Colección:IMF working paper ; WP/15/136.
Temas:
Monetary policy.
Inflation targeting.
Banks and banking, Central.
Banks of issue.
Politique monétaire.
Ciblage d'inflation.
Banques centrales.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover Page
  • Title Page
  • Copyright Page
  • Contents
  • Tables
  • Figures
  • Appendixes
  • I. Introduction
  • 1. Central Bank Independence Scores
  • 2. Monetary Regimes in Low and Middle Income Countries
  • II. Choice of a Framework for Countries with Evolving Monetary Regimes
  • A. General Considerations
  • 1. Key Components of a Monetary Policy Framework
  • 3. Key Features of Conventional Monetary and Inflation Targeting Frameworks
  • B. Evolving Monetary Regimes
  • III. Transitional Arrangements: Stylized Frameworks
  • ""A. When Is Reserve Money Targeting Useful?""""B. Continued Relevance of Monetary Aggregates and Monetary Analysis""; ""C. A Conceptual Framework for Transitioning""; ""2. Stylized Transitional Frameworks""; ""4. Stylized Transitional Frameworks: Key Features""; ""D. A Taxonomy of Transitional Frameworks""; ""3. Monetary Program and Revisions â€? A Simple Illustration""; ""IV. Mapping Options and Conformity with Practices""; ""A. Building Blocks for Effective Monetary Policy""; ""5. Building Block for Effective Monetary Policy""; ""B. Mapping Exercise""
  • 6. Mapping Options with Country SpecificationsV. Summary and Conclusions
  • I. Key Concepts
  • II. Transmission Channels of Monetary Policy
  • 4. Transmission Channels
  • III. Role of Money in Monetary Policy: The Conceptual Debate
  • IV. Guiding Principles for Monetary Policy Formulation
  • V. Liquidity Management in the Transition
  • References
  • Footnotes

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