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Autore: |
Freedman Charles
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Titolo: |
Why Inflation Targeting? / / Charles Freedman, Douglas Laxton
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Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (27 p.) |
Disciplina: | 332.152 |
Soggetto topico: | Inflation (Finance) |
Anti-inflationary policies | |
Foreign Exchange | |
Inflation | |
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 | |
Macroeconomics: Production | |
Agriculture: Aggregate Supply and Demand Analysis | |
Prices | |
Macroeconomics | |
Monetary economics | |
Currency | |
Foreign exchange | |
Economic theory & philosophy | |
Inflation targeting | |
Conventional peg | |
Output gap | |
Supply shocks | |
Monetary policy | |
Production | |
Economic theory | |
Supply and demand | |
Soggetto geografico: | United Kingdom |
Altri autori: |
LaxtonDouglas
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Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | Contents; I. Introduction; II. Cost of Inflation and Boom-Bust Cycles; A. What Are the Costs of High Inflation?; B. Policy Credibility and Boom-Bust Cycles; Figures; 1. United Kingdom Inflation, Unemployment and Policy Credibility; III. Need for A Nominal Anchor; Tables; 1. Inflation Targeting Adoption Dates; IV. What is Inflation Targeting?; V. Two Key Intellectual Roots of Inflation Targeting; A. Absence of Long-Run Trade-Offs; Box 2.1; 1. Six Principles of Inflation Targeting; 2. Output-Inflation Tradeoffs in the Short Run and Long Run |
3. IRFs for a Positive Demand Shock Under Good and Bad Monetary Policy4. IRFs for a Positive Supply Shock Under Good and Bad Monetary Policy; 2. Reduced-Form Inflation Equations Under Good and Bad Monetary Policy; B. The Time-Inconsistency Problem; 5. Taylor Output-Inflation Efficiency Frontiers; VI. How Does IT Work?; References | |
Sommario/riassunto: | This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works. |
Titolo autorizzato: | Why Inflation Targeting ![]() |
ISBN: | 1-4623-4972-2 |
1-4527-2989-1 | |
1-4518-7233-X | |
1-282-84306-0 | |
9786612843068 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910812022103321 |
Lo trovi qui: | Univ. Federico II |
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