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Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications
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Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications
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eBook
Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications
2006
Overview
Transparency is a central element in most aspects of the design and operation of inflation targeting regimes. This paper focuses on three elements of inflation targeting most closely associated with transparency: (i) the institutional arrangements supporting inflation targeting; (ii) the specification of the inflation target; and (iii) the central bank's policy communications. The paper is primarily aimed at providing practical advice to countries planning to develop an inflation targeting framework, but many of the issues are relevant for any credible, independent monetary policy.
Publisher
International Monetary Fund
ISBN
9781451865387, 1451865384, 9781452715827, 9781451909913, 1451909918, 1452715823
