Inflation Targeting Regimes:
This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment to...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2003
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| Series: | IMF Working Papers
Working Paper No. 03/9 |
| 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 classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as corresponding to different welfare maximizing combinations of policy objectives, each conditional on a country''s ""endowed"" level of credibility. The credibility of the regimes is related empirically to structural differences. Policy implications are drawn, especially for emerging market countries aiming at full-fledged inflation targeting |
| Physical Description: | 1 Online-Ressource (37 p) |
| ISBN: | 1451842619 9781451842616 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:29Z |
| indexdate | 2024-07-10T09:35:38Z |
| institution | BVB |
| isbn | 1451842619 9781451842616 |
| language | English |
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| oclc_num | 1337140990 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
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| publisher | International Monetary Fund |
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| spelling | Carare, Alina Verfasser aut Inflation Targeting Regimes Carare, Alina Washington, D.C International Monetary Fund 2003 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/9 This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as corresponding to different welfare maximizing combinations of policy objectives, each conditional on a country''s ""endowed"" level of credibility. The credibility of the regimes is related empirically to structural differences. Policy implications are drawn, especially for emerging market countries aiming at full-fledged inflation targeting Online-Ausg Stone, Mark R. Sonstige oth http://elibrary.imf.org/view/IMF001/03578-9781451842616/03578-9781451842616/03578-9781451842616.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Carare, Alina Inflation Targeting Regimes |
| title | Inflation Targeting Regimes |
| title_auth | Inflation Targeting Regimes |
| title_exact_search | Inflation Targeting Regimes |
| title_exact_search_txtP | Inflation Targeting Regimes |
| title_full | Inflation Targeting Regimes Carare, Alina |
| title_fullStr | Inflation Targeting Regimes Carare, Alina |
| title_full_unstemmed | Inflation Targeting Regimes Carare, Alina |
| title_short | Inflation Targeting Regimes |
| title_sort | inflation targeting regimes |
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