IT Framework Design Parameters

Charles Freedman and Douglas Laxton

No 09/87, IMF Working Papers from International Monetary Fund

Abstract: This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It examines a number of elements in the design of an inflation-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages and disadvantages of point targets, point targets with a band, and range targets. It then discusses the choice of a long-term inflation rate, the target horizon, and the policy horizon.

Keywords: Information technology; Inflation targeting; Monetary policy; Inflation; Inflation rates; Central banks; Data collection; Data analysis (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Date: 2009-04-23
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