IT framework design parameters [[electronic resource] /] / prepared by Charles Freedman and Douglas Laxton

• Autore: Freedman Charles
• Pubblicazione: [Washington D.C.], : International Monetary Fund, 2009
• Descrizione fisica: 1 online resource (18 p.)
• Soggetto topico: Inflation (Finance); Anti-inflationary policies
• Soggetto genere / forma: Electronic books.
• Altri autori: LaxtonDouglas
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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.
• Titolo autorizzato: IT framework design parameters
• ISBN: 1-4623-1037-0; 1-4527-2787-2; 1-4518-7234-8; 1-282-84307-9; 9786612843075
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464011303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/09/87.