Inflation Targeting at 20 - Achievements and Challenges / / Scott Roger

• Autore: Roger Scott
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 1 online resource (51 p.)
• Disciplina: 339.4
• Soggetto topico: Inflation (Finance); Banks and banking, Central; Monetary policy; Finance: General; Inflation; Macroeconomics; Money and Monetary Policy; Price Level; Deflation; Monetary Policy; Personal Income, Wealth, and Their Distributions; General Financial Markets: General (includes Measurement and Data); Monetary economics; Finance; Inflation targeting; Personal income; Price stabilization; Emerging and frontier financial markets; Prices; Income; Government policy; Financial services industry
• Soggetto geografico: New Zealand
• Note generali: "October 2009."
• Nota di contenuto: Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Shift Toward Inflation Targeting; III. Elements of Inflation Targeting Frameworks; A. Central Bank Mandates; B. Policy Accountability and Transparency; C. Inflation Targets; D. Policy Formulation and Implementation; IV. Performance Under Inflation Targeting; A. Performance in Achieving Inflation Targets; B. Macroeconomic Performance under Alternative Monetary Policy Regimes; C. Resilience of Inflation Targeting; V. Issues and Challenges for Inflation Targeting ; A. Adapting Inflation Targeting to Emerging Market and Developing CountriesB. Inflation Targeting and Financial Stability; Footnotes
• Sommario/riassunto: This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in favor of "flexible" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently in most countries, the inflation and growth performance under inflation targeting compares very favorably with performance under alternative frameworks. Inflation targeters also tentatively appear to be coping better with the commodity price and financial shocks in 2007-2009 than non-inflation targeters. Key issues going forward include adapting inflation targeting to emerging market and developing countries, and incorporating financial stability issues into the framework.
• Titolo autorizzato: Inflation Targeting at 20 - Achievements and Challenges
• ISBN: 1-4623-5576-5; 1-4527-0869-X; 1-282-84437-7; 9786612844379; 1-4518-7383-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910789101103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/236