Verfügbarkeit: Inflation Targeting in Georgia

Inflation Targeting in Georgia: Are We there Yet?

This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that several emerging markets have adopted recently. After reviewing selected prerequisites for successfully implementing IT, the paper focuses on whether one specific precondition is in plac...

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1. Verfasser:	Bakradze, Giorgi (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2007
Schriftenreihe:	IMF Working Papers Working Paper No. 07/193
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that several emerging markets have adopted recently. After reviewing selected prerequisites for successfully implementing IT, the paper focuses on whether one specific precondition is in place-an empirically stable monetary transmission mechanism. Building on a baseline VAR model, it presents several extensions to explore the various channels using causality tests, impulse responses, and variance decompositions. The paper finds that once the central bank overcomes some institutional and operational weaknesses and establishes a more reliable transmission mechanism, it could adopt IT over the medium term
Beschreibung:	1 Online-Ressource (33 p)
ISBN:	1451867573 9781451867572

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spelling	Bakradze, Giorgi Verfasser aut Inflation Targeting in Georgia Are We there Yet? Bakradze, Giorgi Washington, D.C International Monetary Fund 2007 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/193 This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that several emerging markets have adopted recently. After reviewing selected prerequisites for successfully implementing IT, the paper focuses on whether one specific precondition is in place-an empirically stable monetary transmission mechanism. Building on a baseline VAR model, it presents several extensions to explore the various channels using causality tests, impulse responses, and variance decompositions. The paper finds that once the central bank overcomes some institutional and operational weaknesses and establishes a more reliable transmission mechanism, it could adopt IT over the medium term Online-Ausg Billmeier, Andreas Sonstige oth http://elibrary.imf.org/view/IMF001/08619-9781451867572/08619-9781451867572/08619-9781451867572.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Bakradze, Giorgi Inflation Targeting in Georgia Are We there Yet?
title	Inflation Targeting in Georgia Are We there Yet?
title_auth	Inflation Targeting in Georgia Are We there Yet?
title_exact_search	Inflation Targeting in Georgia Are We there Yet?
title_exact_search_txtP	Inflation Targeting in Georgia Are We there Yet?
title_full	Inflation Targeting in Georgia Are We there Yet? Bakradze, Giorgi
title_fullStr	Inflation Targeting in Georgia Are We there Yet? Bakradze, Giorgi
title_full_unstemmed	Inflation Targeting in Georgia Are We there Yet? Bakradze, Giorgi
title_short	Inflation Targeting in Georgia
title_sort	inflation targeting in georgia are we there yet
title_sub	Are We there Yet?
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