IT Framework Design Parameters
Government of Canada - Bank of Canada; National Bureau of Economic Research (NBER)
International Monetary Fund (IMF) - Research Department
IMF Working Paper No. 09/87
This is the third chapter of a forthcoming monograph entitled On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say. It examines a number of elements in the design of an inflation-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages and disadvantages of point targets, point targets with a band, and range targets. It then discusses the choice of a long-term inflation rate, the target horizon, and the policy horizon.
Number of Pages in PDF File: 18
Keywords: Information technology, Inflation targeting, Monetary policy, Inflation, Inflation rates, Central banks, Data collection, Data analysisworking papers series
Date posted: April 28, 2009
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.797 seconds