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It Framework Design Parameters [electronic resource] Laxton, Douglas.

Author/Creator:
Laxton, Douglas.
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Format/Description:
Government document
Book
1 online resource (16 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/87.
IMF Working Papers; Working Paper No. 09/87
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Local subjects:
Acceleration in inflation. (search)
Actual inflation. (search)
Central bank. (search)
Data analysis. (search)
Data collection. (search)
Effects of inflation. (search)
Financial stability. (search)
Gdp deflator. (search)
High inflation. (search)
Increase in inflation. (search)
Increase in interest rates. (search)
Inflation. (search)
Inflation equation. (search)
Inflation forecasts. (search)
Inflation objective. (search)
Inflation rate. (search)
Inflation rates. (search)
Inflation target. (search)
Inflation targeting. (search)
Inflation targeting regime. (search)
Inflation-targeting. (search)
Inflationary spiral. (search)
Information technology. (search)
Long-term interest rates. (search)
Low inflation. (search)
Measure of inflation. (search)
Monetary arrangements. (search)
Monetary conditions. (search)
Monetary fund. (search)
Monetary policy. (search)
Monetary policy framework. (search)
Monetary policy objectives. (search)
Monetary policy regime. (search)
Monetary policy rules. (search)
Nominal interest rate. (search)
Nominal interest rates. (search)
Optimal monetary policy. (search)
Price level. (search)
Price stability. (search)
Rate of inflation. (search)
Real interest rate. (search)
Real interest rates. (search)
Real rate of interest. (search)
Rise in inflation. (search)
Canada. (search)
Grenada. (search)
New Zealand. (search)
South Africa. (search)
United Kingdom. (search)
United States. (search)
Summary:
This is the third chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It examines a number of elements in the design of an inflation-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages and disadvantages of point targets, point targets with a band, and range targets. It then discusses the choice of a long-term inflation rate, the target horizon, and the policy horizon.
Notes:
Description based on print version record.
Contributor:
Freedman, Charles.
Laxton, Douglas.
Other format:
Print Version:
ISBN:
1451872348:
9781451872347
ISSN:
1018-5941
Publisher Number:
10.5089/9781451872347.001
Access Restriction:
Restricted for use by site license.