Advancing the frontiers of monetary policy /
Advancing the frontiers of monetary policy /
Prepublication title: Expanding the frontiers of monetary policymaking
Tobias Adrian, Douglas Laxton, Maurice Obstfeld, editors ; authors: Tobias Adrian [and fourteen others].
- xv, 279 pages : chiefly color illustrations ; 23 cm
Includes bibliographical references and index.
Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a forecasting and policy analysis system -- 5. Monetary operations -- 6. Monetary policy and financial stability -- 7. Financial conditions -- 8. Transparency and communications -- Part III. Inflation-forecast targeting in four countries. 9. Canada: a well-established system -- 10. Czech Republic: transition to the frontier -- 11. India: stabilizing inflation -- 12. United States: Federal Reserve's dual mandate -- Part IV. A widened perspective for inflation -forecast targeting. 13. Low-income countries -- 14. A robust and adaptable nominal anchor.
License restrictions may limit access.
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis highlights the need for assertive policies and maximum transparency.
9781484325940 148432594X 9781484344484 1484344480 9781484344491 1484344499 9781484344521 1484344529
2017492882
Monetary policy.
Inflation targeting.
Central banks.
Financial stability.
Interest rates.
Macroeconomics.
332.46 / A.D.V
Includes bibliographical references and index.
Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a forecasting and policy analysis system -- 5. Monetary operations -- 6. Monetary policy and financial stability -- 7. Financial conditions -- 8. Transparency and communications -- Part III. Inflation-forecast targeting in four countries. 9. Canada: a well-established system -- 10. Czech Republic: transition to the frontier -- 11. India: stabilizing inflation -- 12. United States: Federal Reserve's dual mandate -- Part IV. A widened perspective for inflation -forecast targeting. 13. Low-income countries -- 14. A robust and adaptable nominal anchor.
License restrictions may limit access.
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis highlights the need for assertive policies and maximum transparency.
9781484325940 148432594X 9781484344484 1484344480 9781484344491 1484344499 9781484344521 1484344529
2017492882
Monetary policy.
Inflation targeting.
Central banks.
Financial stability.
Interest rates.
Macroeconomics.
332.46 / A.D.V