Advancing the frontiers of monetary policy
By: Adrian, Tobias
Title By: Adrian, Tobias [Edited by] | Laxton, Douglas [Edited by] | Obstfeld, Maurice [Edited by] | Adrian, Tobias | Al-Mashat, Rania | Anand Rahul | Berg, Andrew | Clinton, Kevin | Dell'Ariccia, Giovanni | Duarte, Fernando | Grinberg, Federico | Haksar, Vikram | King, Darryl | Laxton, Douglas | Mancini-Griffoli, Tommaso | Obstfeld, Maurice | Portillo, Rafael | Wang, Hou
Material type: BookPublisher: Washington : International monetary fund, c2018.Description: xv, 279 p. : col ill. ; 23 cm.ISBN: 9781484325940; 9781484344484; 9781484344491; 9781484344521Other title: Expanding the frontiers of monetary policymaking.Subject(s): Monetary policy | Inflation targetingDDC classification: 332.46 AD ADItem type | Home library | Call number | Status | Notes | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 332.46 AD AD (Browse shelf) | Available | June2019 | T0062312 |
Includes bibliographical references and index.
Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a forecasting and policy analysis system -- 5. Monetary operations -- 6. Monetary policy and financial stability -- 7. Financial conditions -- 8. Transparency and communications -- Part III. Inflation-forecast targeting in four countries. 9. Canada: a well-established system -- 10. Czech Republic: transition to the frontier -- 11. India: stabilizing inflation -- 12. United States: Federal Reserve's dual mandate -- Part IV. A widened perspective for inflation -forecast targeting. 13. Low-income countries -- 14. A robust and adaptable nominal anchor.
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis highlights the need for assertive policies and maximum transparency.