It Framework Design Parameters / / Douglas Laxton, Charles Freedman

• Autore: Laxton Douglas
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 1 online resource (18 p.)
• Soggetto topico: Inflation (Finance); Anti-inflationary policies; Inflation; Macroeconomics; Money and Monetary Policy; Economic Theory; Production and Operations Management; Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data); Price Level; Deflation; Central Banks and Their Policies; Monetary Policy; Agriculture: Aggregate Supply and Demand Analysis; Prices; Macroeconomics: Production; Monetary economics; Economic theory & philosophy; Inflation targeting; Consumer price indexes; Supply shocks; Output gap; Monetary policy; Economic theory; Production; Price indexes; Supply and demand
• Soggetto geografico: United Kingdom
• Altri autori: FreedmanCharles
• 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.: 9910788336203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/087