1.

Record Nr.

UNISOBSOB000000698

Autore

Pace, Alessandro

Titolo

La causa della rigidità costituzionale : Una rilettura di Bryce, dello statuto albertino e di qualche altra costituzione / Alessandro Pace

Pubbl/distr/stampa

Padova : CEDAM, 1996

ISBN

8813196008

Edizione

[2 ed]

Descrizione fisica

108 p. ; 24 cm.

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

2.

Record Nr.

UNINA9910958581103321

Autore

Smídková Katerina

Titolo

Inflation Targeting and Communication : : It Pays Off to Read Inflation Reports / / Katerina Smídková, Viktor Kotlán, David Navrátil, Ales Bulir

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

9786612841859

9781462317448

1462317448

9781452736969

1452736960

9781282841857

1282841858

9781451870923

1451870922

Edizione

[1st ed.]

Descrizione fisica

1 online resource (44 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/234

Altri autori (Persone)

BulirAles

KotlánViktor

NavrátilDavid

Disciplina

332.11

Soggetti

Inflation (Finance) - Forecasting - Econometric models

Monetary policy - Econometric models

Banks and banking, Central - Econometric models

Banking



Banks and Banking

Central bank policy rate

Communications in revenue administration

Deflation

Economic Forecasting

Economic forecasting

Forecasting and Other Model Applications

Forecasting

Inflation targeting

Inflation

Interest rates

Interest Rates: Determination, Term Structure, and Effects

Macroeconomics

Monetary economics

Monetary Policy

Monetary policy

Money and Monetary Policy

Price Level

Prices

Public finance & taxation

Public Finance

Revenue

Taxation, Subsidies, and Revenue: General

Poland, Republic of

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

Contents; I. Why Inflation Targeting?; Figures; 1. Inflation and Its Determinants, 2000-05; II. Inflation Targeting and Communication; A. Central Bank Communication and Inflation Forecasts; B. The Public; 2. Inflation Forecasts, Policymaking, and Communication Under Conditional; III. Methodology and Sample Selection; 3. The Public's Scrutiny of Central Bank Communication; A. Methodology; B. Sample Selection and Data; IV. Empirical Findings; Tables; 1. Inflation Targeters: Sample Characteristics; A. Summary of Results; 2. Breakdown of Communication Results, Sample Average, 2000-05

3. Clarity of Communication, Sample Averages, 2000-05B. "The Central Bank that Cried Wolf"; 4. Clarity of Communication, Individual Countries, 2000-05; 4. Monetary Policy Communication: 2000-05; C. Robustness Checks; 5. Clarity of Communication: Robustness Checks; V. Conclusions: Is the Glass Half Empty or Half Full?; 5. Clarity of Communication, the 2-Year Forecast Horizon, 2000-05; References; Annex

Sommario/riassunto

Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new methodology for the empirical



evaluation of consistency in central bank communication. We find that the three communication tools-inflation targets, inflation forecasts, and verbal assessments of inflation factors contained in quarterly inflation reports-provided a consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Republic, Hungary, Poland, Thailand, and Sweden.