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Record Nr. |
UNINA9910973831103321 |
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Autore |
Laxton Douglas |
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Titolo |
It Framework Design Parameters / / Douglas Laxton, Charles Freedman |
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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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9786612843075 |
9781462310371 |
1462310370 |
9781452727875 |
1452727872 |
9781451872347 |
1451872348 |
9781282843073 |
1282843079 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (18 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Inflation (Finance) |
Anti-inflationary policies |
Agriculture: Aggregate Supply and Demand Analysis |
Central Banks and Their Policies |
Consumer price indexes |
Deflation |
Economic theory & philosophy |
Economic Theory |
Economic theory |
Inflation targeting |
Inflation |
Macroeconomics |
Macroeconomics: Production |
Monetary economics |
Monetary Policy |
Monetary policy |
Money and Monetary Policy |
Output gap |
Price indexes |
Price Level |
Prices |
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
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Production and Operations Management |
Production |
Supply and demand |
Supply shocks |
United Kingdom |
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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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