Format:
Online-Ressource (56 p)
Edition:
Online-Ausg.
ISBN:
1513557653
,
9781513557656
Series Statement:
IMF Working Papers: Working Paper No. 15 / 132
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Clinton, Kevin Inflation-Forecast Targeting: Applying the Principle of Transparency Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513557656
Language:
English
DOI:
10.5089/9781513557656.001
