Holdings: Inflation Targeting

Inflation Targeting: What is the Meaning of the Bottom of the Band?

This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transparency, potentially confusing markets about how the authorities will react to a fall in i...

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Bibliographic Details
Main Author:	Clifton, Eric V. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1999
Series:	IMF Policy Discussion Papers Policy Discussion Paper No. 99/8
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transparency, potentially confusing markets about how the authorities will react to a fall in inflation. After first discussing the conceptual issues, the paper then examines the experience with target bands in New Zealand, Israel and Canada and explores how the conceptual issues have played out in practice
Physical Description:	1 Online-Ressource (24 p)
ISBN:	1451970900 9781451970906

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spelling	Clifton, Eric V. Verfasser aut Inflation Targeting What is the Meaning of the Bottom of the Band? Clifton, Eric V Washington, D.C International Monetary Fund 1999 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Policy Discussion Paper No. 99/8 This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transparency, potentially confusing markets about how the authorities will react to a fall in inflation. After first discussing the conceptual issues, the paper then examines the experience with target bands in New Zealand, Israel and Canada and explores how the conceptual issues have played out in practice Online-Ausg http://elibrary.imf.org/view/IMF003/03564-9781451970906/03564-9781451970906/03564-9781451970906.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Clifton, Eric V. Inflation Targeting What is the Meaning of the Bottom of the Band?
title	Inflation Targeting What is the Meaning of the Bottom of the Band?
title_auth	Inflation Targeting What is the Meaning of the Bottom of the Band?
title_exact_search	Inflation Targeting What is the Meaning of the Bottom of the Band?
title_exact_search_txtP	Inflation Targeting What is the Meaning of the Bottom of the Band?
title_full	Inflation Targeting What is the Meaning of the Bottom of the Band? Clifton, Eric V
title_fullStr	Inflation Targeting What is the Meaning of the Bottom of the Band? Clifton, Eric V
title_full_unstemmed	Inflation Targeting What is the Meaning of the Bottom of the Band? Clifton, Eric V
title_short	Inflation Targeting
title_sort	inflation targeting what is the meaning of the bottom of the band
title_sub	What is the Meaning of the Bottom of the Band?
url	http://elibrary.imf.org/view/IMF003/03564-9781451970906/03564-9781451970906/03564-9781451970906.xml
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