In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao
| In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao |
| Autore | Miao Yanliang |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 35 p. : ill |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation targeting
Monetary policy Banks and Banking Inflation Money and Monetary Policy Public Finance Monetary Policy, Central Banking, and the Supply of Money and Credit: General Monetary Policy Central Banks and Their Policies Price Level Deflation Banks Depository Institutions Micro Finance Institutions Mortgages Taxation, Subsidies, and Revenue: General Macroeconomics Monetary economics Banking Public finance & taxation Disinflation Central bank autonomy Prices Central banks Institutional arrangements for revenue administration Revenue administration Banks and banking Revenue |
| ISBN |
1-4623-2247-6
1-4518-7295-X 1-282-84362-1 9786612843624 1-4519-9533-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788331403321 |
Miao Yanliang
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| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao
| In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao |
| Autore | Miao Yanliang |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 35 p. : ill |
| Disciplina | 338.102357 |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation targeting
Monetary policy Banking Banks and Banking Banks and banking Banks Central bank autonomy Central Banks and Their Policies Central banks Deflation Depository Institutions Disinflation Inflation Institutional arrangements for revenue administration Macroeconomics Micro Finance Institutions Monetary economics Monetary Policy Monetary Policy, Central Banking, and the Supply of Money and Credit: General Money and Monetary Policy Mortgages Price Level Prices Public finance & taxation Public Finance Revenue administration Revenue Taxation, Subsidies, and Revenue: General |
| ISBN |
9786612843624
9781462322473 1462322476 9781451872958 145187295X 9781282843622 1282843621 9781451995336 1451995334 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Intro -- Contents -- I. Introduction -- II. Literature Review and the Construction of an IT Index -- A. What Constitutes Inflation Targeting? -- B. A Framework for Constructing an IT Index -- III. Data and Econometric Analysis -- A. The Validity of the Subindices on Flexibility and Transparency -- B. Does IT Matter? Is There an Optimal Degree of Flexibility or Transparency? -- C. A Horse Race Between Different IT Components -- IV. Robutsness Checks -- A. Principal Component Analysis (PCA) -- B. Subsampling -- C. Endogeneity -- V. Avenues for Future Research and Reflections -- A. The Creditbility and Flexibility Trade-off -- B. Final Reflections -- VI. Appendices -- Tables -- 1. Flexibility of IT and Target Design -- 2. Formal Procedures for Target Breach and Escape Clauses -- 3. The Flexibility Index of Full-fledged ITers -- 4. The Transparency Index of Full-fledget ITers -- 5. Mean Inflation and Inflation Targeting Indices -- 6. Inflation Variation and Inflation Targeting Indices -- 7. Principal Components without Orthogonal Rotation -- 8. Principal Components and the Level and Variation of Inflation -- 9. Principal Components with Orthogonal Rotation -- 10. Correlations between the Rotated Factors and the Underlying Attributes -- 11. Rotated Principal Components and the Level and Variation of Inflation -- 12. Mean and Variation of Inflation: Subsampling -- 13. Mean and Variation of Inflation: Controlling for Disinflation -- 14. Instrument for Transparency and 2SLS Estimation -- Figures -- 1. Inflation and Tranparency for Selected ITers -- 2. Inflation and Flexibility for Selected ITers -- 3. Inflation Variation and Transparency for Selected ITers -- 4. Inflation Variation and Flexibility for Selected ITers -- 5. Scree Plot of Eigenvalues after PCA -- References. |
| Record Nr. | UNINA-9910970775803321 |
Miao Yanliang
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||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
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Inflation Targeting Under Imperfect Policy Credibility
| Inflation Targeting Under Imperfect Policy Credibility |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (32 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation (Finance)
Fiscal policy Inflation Money and Monetary Policy Economic Theory Production and Operations Management Price Level Deflation Monetary Policy Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Macroeconomics Monetary economics Economic theory & philosophy Inflation targeting Output gap Supply shocks Disinflation Monetary policy Production Economic theory Supply and demand |
| ISBN |
1-4623-2348-0
1-4527-7227-4 1-282-84314-1 9786612843143 1-4518-7241-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
| Record Nr. | UNINA-9910788715403321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Inflation Targeting Under Imperfect Policy Credibility
| Inflation Targeting Under Imperfect Policy Credibility |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (32 p.) |
| Disciplina | 332.1 |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation (Finance)
Fiscal policy Agriculture: Aggregate Supply and Demand Analysis Deflation Disinflation Economic theory & philosophy Economic Theory Economic theory Inflation targeting Inflation Macroeconomics Macroeconomics: Production Monetary economics Monetary Policy Monetary policy Money and Monetary Policy Output gap Price Level Prices Production and Operations Management Production Supply and demand Supply shocks |
| ISBN |
9786612843143
9781462323487 1462323480 9781452772271 1452772274 9781282843141 1282843141 9781451872415 1451872410 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
| Record Nr. | UNINA-9910974965203321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
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The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník
| The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník |
| Autore | Bulir Ales |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (43 p.) |
| Altri autori (Persone) | HurníkJaromír |
| Collana | IMF Working Papers |
| Soggetto topico |
Deflation (Finance) - European Union countries
Inflation (Finance) - European Union countries Foreign Exchange Inflation Macroeconomics Production and Operations Management Price Level Deflation Macroeconomics: Production Institutions and the Macroeconomy Currency Foreign exchange Disinflation Output gap Exchange rates Structural reforms Prices Production Economic theory |
| ISBN |
1-4623-6695-3
1-4527-0877-0 1-283-51669-1 9786613829146 1-4519-0920-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. INFLATION IN THE EUROPEAN UNION""; ""III. HOW COSTLY CAN DISINFLATION BE AND WHY?""; ""IV. POLICY IMPLICATIONS""; ""V. CONCLUSIONS""; ""References"" |
| Record Nr. | UNINA-9910788699803321 |
Bulir Ales
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||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
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The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník
| The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník |
| Autore | Bulir Ales |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (43 p.) |
| Altri autori (Persone) | HurníkJaromír |
| Collana | IMF Working Papers |
| Soggetto topico |
Deflation (Finance) - European Union countries
Inflation (Finance) - European Union countries Currency Deflation Disinflation Economic theory Exchange rates Foreign Exchange Foreign exchange Inflation Institutions and the Macroeconomy Macroeconomics Macroeconomics: Production Output gap Price Level Prices Production and Operations Management Production Structural reforms |
| ISBN |
9786613829146
9781462366958 1462366953 9781452708775 1452708770 9781283516693 1283516691 9781451909203 1451909209 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. INFLATION IN THE EUROPEAN UNION""; ""III. HOW COSTLY CAN DISINFLATION BE AND WHY?""; ""IV. POLICY IMPLICATIONS""; ""V. CONCLUSIONS""; ""References"" |
| Record Nr. | UNINA-9910959022903321 |
Bulir Ales
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| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
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A Practical Model-Based Approach to Monetary Policy Analysis—Overview / / Douglas Laxton, Andrew Berg, Philippe Karam
| A Practical Model-Based Approach to Monetary Policy Analysis—Overview / / Douglas Laxton, Andrew Berg, Philippe Karam |
| Autore | Laxton Douglas |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (45 p.) |
| Disciplina | 332.46 |
| Altri autori (Persone) |
BergAndrew
KaramPhilippe |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy
Economic forecasting Aggregate demand Central bank Demand for money Disinflation Dynamic stochastic general equilibrium Econometrics Economic equilibrium Economic model Economics Economy |
| ISBN |
9786613821034
9781462362929 1462362923 9781452731988 1452731985 9781282447837 1282447831 9781451908756 145190875X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. MONETARY POLICY ANALYSIS AT THE IMF ""; ""III. MACROECONOMIC MODELING""; ""IV. BUILDING THE MODEL""; ""V. FORECASTING AND POLICY ANALYSIS46""; ""VI. AN EXAMPLE""; ""VII. CAVEATS AND FUTURE WORK""; ""VIII. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910959814103321 |
Laxton Douglas
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| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
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Practical Model-Based Monetary Policy Analysis : : A How-To Guide / / Douglas Laxton, Andrew Berg, Philippe Karam
| Practical Model-Based Monetary Policy Analysis : : A How-To Guide / / Douglas Laxton, Andrew Berg, Philippe Karam |
| Autore | Laxton Douglas |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (69 p.) |
| Disciplina | 332.8/2/0971 |
| Altri autori (Persone) |
BergAndrew
KaramPhilippe |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Econometric models - Canada
Economic forecasting - Econometric models - Canada Aggregate demand Bayesian inference Central bank Consumer price index Demand Disinflation Dynamic stochastic general equilibrium Econometrics Economic equilibrium Economic model |
| ISBN |
9786613822123
9781462372010 1462372015 9781452790510 1452790515 9781282545366 1282545361 9781451908763 1451908768 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910965332703321 |
Laxton Douglas
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||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Lo trovi qui: Univ. Federico II | ||
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