Setting the Operational Framework for Producing Inflation Forecasts / / Turgut Kisinbay, Eric Parrado, Rodolfo Maino, Jorge Canales Kriljenko

• Autore: Kisinbay Turgut
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (47 p.)
• Soggetto topico: Inflation (Finance) - Forecasting; Monetary policy; Banks and banking, Central; Banking; Banks and Banking; Banks and banking; Banks; Central bank policy rate; Deflation; Depository Institutions; Economic Forecasting; Economic forecasting; Forecasting and Other Model Applications; Forecasting; Inflation targeting; Inflation; Interest rates; Interest Rates: Determination, Term Structure, and Effects; Macroeconomics; Micro Finance Institutions; Monetary economics; Monetary Policy; Money and Monetary Policy; Mortgages; Price Level; Prices
• Soggetto geografico: New Zealand
• Altri autori: Canales KriljenkoJorge MainoRodolfo ParradoEric
• Note generali: "May 2006."
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. FORECAST DESIGN AND ORGANIZATION""; ""III. ELEMENTS OF THE FORECAST""; ""IV. MISCELLANEOUS TOPICS""; ""References""
• Sommario/riassunto: How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses elements for building a comprehensive platform for an inflation forecasting framework. It describes the exercise of forecasting inflation as a production process, which induces a strict discipline concerning data management, information gathering, the use of a suitable statistical apparatus, and the exercise of sound communication strategies to reinforce reputation and credibility. It becomes critical how a central bank organizes itself to produce relevant macroeconomic forecasts, with special consideration to product design, the essential requirements needed in the forecasting process, and key related organizational issues. In addition, the paper proposes to factor into the process the authorities' policy responses to previous inflation forecasts in order to be consistent with the spirit of the inflation targeting framework.
• Titolo autorizzato: Setting the Operational Framework for Producing Inflation Forecasts
• ISBN: 1-4623-2256-5; 1-4527-3400-3; 1-282-39162-3; 9786613820051; 1-4519-8523-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910808806903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/122