Key Policy Rate in Inflation Projections

Ljiljana Djurdjevic
Additional contact information
Ljiljana Djurdjevic: National Bank of Serbia

Working papers from National Bank of Serbia

Abstract: As part of preparations for the adoption of a full-fledged inflation targeting regime, last year the National Bank of Serbia began producing and publishing its inflation projections. The NBS Monetary Policy Committee opted for projections based on the key policy rate path. However, for the time being, information on the path of the key policy rate (and the exchange rate) is not publicly disclosed. The author compares this approach to a number of different practical solutions applied by other central banks to give an overview on this particular issue and to consider the ways to improve the NBS practice in order to increase the efficiency of inflation expectations management as the inflation targeting regime is further developed.

Keywords: inflation projections; assumptions in inflation projections; key policy rate in inflation projections; communication with the public (search for similar items in EconPapers)
Pages: 16 pages
Date: 2007-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.nbs.rs/documents/publikacije/strucni-radovi/2007_9_LjDj.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nsb:wppnbs:9

Access Statistics for this paper

More papers in Working papers from National Bank of Serbia National Bank of Serbia, 12 Kralja Petra St, 11 000 Belgrade, Republic of Serbia. Contact information at EDIRC.
Bibliographic data for series maintained by Marko Miseljic ().