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010   $a1-4623-1744-8
010   $a1-4527-3696-0
010   $a1-282-84185-8
010   $a9786612841859
010   $a1-4518-7092-2
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035   $a(EBL)1608034
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100   $a20140210d2008||||  u||            |
101 0 $aeng
135   $aur|n|---|||||
200 10$aInflation Targeting and Communication$b[electronic resource]
210   $aWashington $cInternational Monetary Fund$d2008
215   $a1 online resource (44 p.)
225 1 $aIMF Working Papers
300   $aDescription based upon print version of record.
327   $aContents; 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
327   $a3. 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
330   $aInflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools-inflation targets, inflation forecasts, and verbal assessments of inflation factors contained in quarterly inflation reports-provided a consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Re
410  0$aIMF Working Papers
608   $aElectronic books.
700   $aSmi?dkova?$b Katerina$0862709
701   $aKotla?n$b Viktor$0862710
701   $aNavra?til$b David$0862711
701   $aBulir$b Ales$0862712
801  0$bAU-PeEL
801  1$bAU-PeEL
801  2$bAU-PeEL
906   $aBOOK
912   $a9910464578903321
996   $aInflation Targeting and Communication$91925698
997   $aUNINA