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The Journey to Inflation Targeting:Easier Said than Done The Case for Transitional Arrangements along the Road

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by Bernard Laurens & Kelly Eckhold
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The Journey to Inflation Targeting:Easier Said than Done The Case for Transitional Arrangements along the Road by Bernard Laurens & Kelly Eckhold

Countries with evolving monetary regimes that decide to embark on “the Journey to inflation targeting” may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road.

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Ebook Details
Pages: 44
Size: 1.0 MB
Date published:   2015
ISBN: 9781513540849 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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