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Record Nr. |
UNINA9910464011303321 |
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Autore |
Freedman Charles |
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Titolo |
IT framework design parameters [[electronic resource] /] / prepared by Charles Freedman and Douglas Laxton |
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Pubbl/distr/stampa |
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[Washington D.C.], : International Monetary Fund, 2009 |
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ISBN |
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1-4623-1037-0 |
1-4527-2787-2 |
1-4518-7234-8 |
1-282-84307-9 |
9786612843075 |
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Descrizione fisica |
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1 online resource (18 p.) |
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Collana |
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IMF working paper ; ; WP/09/87 |
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Altri autori (Persone) |
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Soggetti |
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Inflation (Finance) |
Anti-inflationary policies |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Definition of the Target Variable; III. Core Inflation; IV. Point Target, Point Target with Band, and Range Target; Figures; 1. UK Inflation Expectations 10 Years Ahead; V. Choice of Long-Term Inflation Rate; VI. Target Horizon; VII. Loss Function and Policy Horizon; 2. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); References |
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Sommario/riassunto |
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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. |
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