Inflation-forecast targeting for India :: an outline of the analytical framework /
India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other count...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
[Washington, District of Columbia] :
International Monetary Fund,
2017.
|
Schriftenreihe: | IMF working paper ;
WP/17/32. |
Schlagworte: | |
Online-Zugang: | DE-862 DE-863 |
Zusammenfassung: | India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy. |
Beschreibung: | 1 online resource (38 pages) : illustrations (some color), charts, tables, graphs. |
ISBN: | 1475584342 9781475584349 1475578695 9781475578690 |
Internformat
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520 | 3 | |a India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy. | |
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author | Benes, Jaromir |
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collection | ZDB-4-EBA |
ctrlnum | (OCoLC)982375546 |
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geographic_facet | India |
id | ZDB-4-EBA-ocn982375546 |
illustrated | Illustrated |
indexdate | 2025-04-11T08:43:43Z |
institution | BVB |
isbn | 1475584342 9781475584349 1475578695 9781475578690 |
language | English |
oclc_num | 982375546 |
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spelling | Inflation-forecast targeting for India : an outline of the analytical framework / by Jaromir Benes [and nine others]. [Washington, District of Columbia] : International Monetary Fund, 2017. ©2017 1 online resource (38 pages) : illustrations (some color), charts, tables, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier data file rda IMF working paper ; WP/17/32 India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy. Inflation (Finance) India. Banks and banking India. Inflation Inde. BUSINESS & ECONOMICS / Finance bisacsh Banks and banking fast Inflation (Finance) fast India fast https://id.oclc.org/worldcat/entity/E39PBJmdx47cDXrRhBXHtbvPwC Benes, Jaromir, author. http://id.loc.gov/authorities/names/no2004029956 has work: Inflation-forecast targeting for India (Text) https://id.oclc.org/worldcat/entity/E39PCGxpMtCRw3RTrQkX4yr3w3 https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/17/32. http://id.loc.gov/authorities/names/no89010263 |
spellingShingle | Benes, Jaromir Inflation-forecast targeting for India : an outline of the analytical framework / IMF working paper ; Inflation (Finance) India. Banks and banking India. Inflation Inde. BUSINESS & ECONOMICS / Finance bisacsh Banks and banking fast Inflation (Finance) fast |
title | Inflation-forecast targeting for India : an outline of the analytical framework / |
title_auth | Inflation-forecast targeting for India : an outline of the analytical framework / |
title_exact_search | Inflation-forecast targeting for India : an outline of the analytical framework / |
title_full | Inflation-forecast targeting for India : an outline of the analytical framework / by Jaromir Benes [and nine others]. |
title_fullStr | Inflation-forecast targeting for India : an outline of the analytical framework / by Jaromir Benes [and nine others]. |
title_full_unstemmed | Inflation-forecast targeting for India : an outline of the analytical framework / by Jaromir Benes [and nine others]. |
title_short | Inflation-forecast targeting for India : |
title_sort | inflation forecast targeting for india an outline of the analytical framework |
title_sub | an outline of the analytical framework / |
topic | Inflation (Finance) India. Banks and banking India. Inflation Inde. BUSINESS & ECONOMICS / Finance bisacsh Banks and banking fast Inflation (Finance) fast |
topic_facet | Inflation (Finance) India. Banks and banking India. Inflation Inde. BUSINESS & ECONOMICS / Finance Banks and banking Inflation (Finance) India |
work_keys_str_mv | AT benesjaromir inflationforecasttargetingforindiaanoutlineoftheanalyticalframework |