Why Inflation Targeting?
Object category:
Elektronische Ressource
Person/Institution:
Publisher:
International Monetary Fund
Ort:
Washington, D.C
Date:
2009
Language:
Englisch
Additional information
Abstract:
This is the second chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works
Object text:
Freedman, Charles
Online-Ausg.
Online-Ausg.
Access and usage options
Citation link:
Administrative details
Created:
2023-04-12
Last changed:
2023-01-26
Added to portal:
2023-04-12
Feedback
Our data sets are in constant development. If you have additional information about this object or discovered an error, please write to us. Information on privacy policy