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:
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

MARC

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245 0 4 |a The journey to inflation targeting :  |b easier said than done : the case for transitional arrangements along the road /  |c Bernard J. Laurens [and others]. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Monetary and Capital Markets Department,  |c 2015. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF working paper,  |x 1018-5941 ;  |v WP/15/136 
500 |a "June 2015." 
520 |a "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 
588 0 |a Online resource; title from PDF title page (IMF, viewed August 04, 2016). 
505 0 |a Cover Page -- Title Page -- Copyright Page -- Contents -- Tables -- Figures -- Appendixes -- I. Introduction -- 1. Central Bank Independence Scores -- 2. Monetary Regimes in Low and Middle Income Countries -- II. Choice of a Framework for Countries with Evolving Monetary Regimes -- A. General Considerations -- 1. Key Components of a Monetary Policy Framework -- 3. Key Features of Conventional Monetary and Inflation Targeting Frameworks -- B. Evolving Monetary Regimes -- III. Transitional Arrangements: Stylized Frameworks 
505 8 |a ""A. When Is Reserve Money Targeting Useful?""""B. Continued Relevance of Monetary Aggregates and Monetary Analysis""; ""C. A Conceptual Framework for Transitioning""; ""2. Stylized Transitional Frameworks""; ""4. Stylized Transitional Frameworks: Key Features""; ""D. A Taxonomy of Transitional Frameworks""; ""3. Monetary Program and Revisions â€? A Simple Illustration""; ""IV. Mapping Options and Conformity with Practices""; ""A. Building Blocks for Effective Monetary Policy""; ""5. Building Block for Effective Monetary Policy""; ""B. Mapping Exercise"" 
505 8 |a 6. Mapping Options with Country SpecificationsV. Summary and Conclusions -- I. Key Concepts -- II. Transmission Channels of Monetary Policy -- 4. Transmission Channels -- III. Role of Money in Monetary Policy: The Conceptual Debate -- IV. Guiding Principles for Monetary Policy Formulation -- V. Liquidity Management in the Transition -- References -- Footnotes 
650 0 |a Monetary policy.  |0 http://id.loc.gov/authorities/subjects/sh85086787 
650 0 |a Inflation targeting.  |0 http://id.loc.gov/authorities/subjects/sh2010012786 
650 0 |a Banks and banking, Central.  |0 http://id.loc.gov/authorities/subjects/sh85011647 
650 0 |a Banks of issue.  |0 http://id.loc.gov/authorities/subjects/sh85011671 
650 6 |a Politique monétaire. 
650 6 |a Ciblage d'inflation. 
650 6 |a Banques centrales. 
650 7 |a Banks of issue.  |2 fast  |0 (OCoLC)fst00827142 
650 7 |a Banks and banking, Central.  |2 fast  |0 (OCoLC)fst00827036 
650 7 |a Inflation targeting.  |2 fast  |0 (OCoLC)fst01763258 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
700 1 |a Laurens, Bernard J.,  |e author. 
710 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department.  |0 http://id.loc.gov/authorities/names/no2006113696 
776 0 8 |i Print version:  |z 9781513567990 
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