TY  - BOOK
AU  - Adrian,Tobias
AU  - Laxton,Douglas
AU  - Obstfeld,Maurice
ED  - International Monetary Fund.
TI  - Advancing the frontiers of monetary policy
SN  - 9781484325940
U1  - 332.46 23
PY  - 2018///
CY  - Washington, DC
PB  - International Monetary Fund
KW  - Monetary policy
KW  - Inflation targeting
KW  - Central banks
KW  - Financial stability
KW  - Interest rates
KW  - Macroeconomics
N1  - 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
N2  - 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
ER  -