The journey to inflation targeting : easier said than done : the case for transitional arrangements along the road /

The journey to inflation targeting : easier said than done : the case for transitional arrangements along the road /

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, Monetary and Capital Markets Department, 2015.
Description:	1 online resource
Language:	English
Series:	IMF working paper, 1018-5941 ; WP/15/136 IMF working paper ; WP/15/136.
Subject:	Monetary policy. Inflation targeting. Banks and banking, Central. Banks of issue. Banks of issue. Banks and banking, Central. Inflation targeting. Monetary policy.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12504521

Hidden Bibliographic Details
Other authors / contributors:	Laurens, Bernard J., author. International Monetary Fund. Monetary and Capital Markets Department.
ISBN:	1513534300 9781513540849 151354084X 1513567993 9781513567990 1513540734 9781513540733 9781513534305
Notes:	"June 2015." Online resource; title from PDF title page (IMF, viewed August 04, 2016).
Summary:	"Countries with evolving monetary regimes that decide to embark on 'the Journey to inflation targeting' may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road."--Abstract
Other form:	Print version: 9781513567990
Standard no.:	10.5089/9781513567990.001

Description
Summary:	Countries with evolving monetary regimes that decide to embark on "the Journey to inflation targeting" may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road.
Item Description:	"June 2015."
Physical Description:	1 online resource
ISBN:	1513534300 9781513540849 151354084X 1513567993 9781513567990 1513540734 9781513540733 9781513534305
ISSN:	1018-5941 ;