Advancing the frontiers of monetary policy

Author(s)

• Adrian, Tobias
• Laxton, Douglas
• Obstfeld, Maurice

Bibliographic Information

Advancing the frontiers of monetary policy

Tobias Adrian, Douglas Laxton, Maurice Obstfeld, editors ; authors, Tobias Adrian ... [et al.]

International Monetary Fund, c2018

Note

Includes bibliographical references and index

Description and Table of Contents

Description

How should a country implement inflation-forecast targeting for monetary policy? This book explores the basic principles and practices. A central theme is that managing expectations is essential for achieving the inflation target and for effectively managing short-term policy trade-offs. The book outlines efficient operational procedures, central bank communications, financial stability issues, and the importance of incorporating financial conditions in inflation-forcast targeting. It also reviews the experiences of Canada, the Czech Republic, India and the United States. The analysis argues for assertive policies and maximum transparency, especially when long-term expectations tilt towards high inflation or deflation.

by "Nielsen BookData"

Details

• NCID: BB26208278
• ISBN:
  • 9781484325940
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Washington, D.C.
• Pages/Volumes: xv, 279 p.
• Size: 23 cm
• Subject Headings:
  • LCSH : Monetary policy
  • LCSH : Inflation targeting