1.

Record Nr.

UNINA9910464589803321

Autore

Freedman Charles

Titolo

Inflation targeting pillars [[electronic resource] ] : transparency and accountability / / Charles Freedman and Douglas Laxton

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, 2009

ISBN

1-4623-9107-9

1-4527-2382-6

1-282-84455-5

9786612844553

1-4518-7407-3

Descrizione fisica

1 online resource (39 p.)

Collana

IMF working paper ; ; WP/09/262

Altri autori (Persone)

LaxtonDouglas

Soggetti

Inflation targeting

Monetary policy

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover Page; Title Page; Copyright Page; Contents; I. Transparency; II. Communications Strategy; III. Role of the Forecast in Communications; 1. Changes in 12-Month Interest Rates Following Revisions in Policy Rate; IV. Communicating the Risks Surrounding the Forecast; V. Should There Be Limits to What is Made Public?; VI. Accountability; Appendix: Background and Brief Summary of the Books; References; Footnotes

Sommario/riassunto

This is the fourth 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 issues related to transparency and accountability in an inflation-targeting regime. It first looks at the factors behind the move to increased transparency in recent years and the important role of a communications strategy in transparency. It then turns to the role of the forecast in communications, how risks surrounding the forecast are communicated, and whether there should be limits on what is made p