Advancing the Frontiers of Monetary Policy

By Tobias Adrian, Douglas Laxton, Maurice Obstfeld

April 13, 2018

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Format: Chicago

Tobias Adrian, Douglas Laxton, and Maurice Obstfeld. Advancing the Frontiers of Monetary Policy, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including managing expectations, the implementation of a forecasting and policy analysis system, monetary operations, monetary policy and financial stability, financial conditions, and transparency and communications; aspects of inflation-forecast targeting in Canada, the Czech Republic, India, and the US; and monetary policy challenges faced by low-income countries and how inflation-forecast targeting can provide an anchor in countries with different economic structures and circumstances.

Subject: Banking, Central bank policy rate, Financial services, Inflation, Inflation targeting, Monetary policy, Output gap, Prices, Production, Real interest rates

Keywords: Africa, BOOK, Central bank, Central bank policy rate, Global, Inflation, Inflation expectation, Inflation rate, Inflation targeting, Monetary policy, Monetary policy committee, Monetary policy report, Output gap, Quantitative easing, Real interest rates, Sub-Saharan Africa, Transmission mechanism

Publication Details

Pages:

296
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Books
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EFMPEA
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