02719nam 2200589Ia 450 991046401130332120170821160702.01-4623-1037-01-4527-2787-21-4518-7234-81-282-84307-99786612843075(CKB)3170000000055252(EBL)1608265(SSID)ssj0000941856(PQKBManifestationID)11614169(PQKBTitleCode)TC0000941856(PQKBWorkID)10963830(PQKB)11297023(OCoLC)466426938(MiAaPQ)EBC1608265(EXLCZ)99317000000005525220041202d2009 uf 0engur|n|---|||||txtccrIT framework design parameters[electronic resource] /prepared by Charles Freedman and Douglas Laxton[Washington D.C.] International Monetary Fund20091 online resource (18 p.)IMF working paper ;WP/09/87Description based upon print version of record.1-4519-1669-8 Includes bibliographical references.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); ReferencesThis 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.IMF working paper ;WP/09/87.Inflation (Finance)Anti-inflationary policiesElectronic books.Inflation (Finance)Anti-inflationary policies.Freedman Charles873379Laxton Douglas860295MiAaPQMiAaPQMiAaPQBOOK9910464011303321IT framework design parameters2292186UNINA