04636oam 22011534 450 991078833620332120230721045652.01-4623-1037-01-4527-2787-21-4518-7234-81-282-84307-99786612843075(CKB)3170000000055252(EBL)1608265(SSID)ssj0000941856(PQKBManifestationID)11614169(PQKBTitleCode)TC0000941856(PQKBWorkID)10963830(PQKB)11297023(OCoLC)466426938(MiAaPQ)EBC1608265(IMF)WPIEE2009087(EXLCZ)99317000000005525220020129d2009 uf 0engur|n|---|||||txtccrIt Framework Design Parameters /Douglas Laxton, Charles FreedmanWashington, D.C. :International Monetary Fund,2009.1 online resource (18 p.)IMF Working PapersDescription 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 Papers; Working Paper ;No. 2009/087Inflation (Finance)Anti-inflationary policiesInflationimfMacroeconomicsimfMoney and Monetary PolicyimfEconomic TheoryimfProduction and Operations ManagementimfPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)imfPrice LevelimfDeflationimfCentral Banks and Their PoliciesimfMonetary PolicyimfAgriculture: Aggregate Supply and Demand AnalysisimfPricesimfMacroeconomics: ProductionimfMonetary economicsimfEconomic theory & philosophyimfInflation targetingimfConsumer price indexesimfSupply shocksimfOutput gapimfMonetary policyimfEconomic theoryimfProductionimfPrice indexesimfSupply and demandimfUnited KingdomimfInflation (Finance)Anti-inflationary policies.InflationMacroeconomicsMoney and Monetary PolicyEconomic TheoryProduction and Operations ManagementPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)Price LevelDeflationCentral Banks and Their PoliciesMonetary PolicyAgriculture: Aggregate Supply and Demand AnalysisPricesMacroeconomics: ProductionMonetary economicsEconomic theory & philosophyInflation targetingConsumer price indexesSupply shocksOutput gapMonetary policyEconomic theoryProductionPrice indexesSupply and demandLaxton Douglas1462103Freedman Charles1139411DcWaIMFBOOK9910788336203321It Framework Design Parameters3685567UNINA