Search Results

You are looking at 1 - 10 of 29 items

  • Keyword: Optimal Control x
Clear All Modify Search
Advancing the Frontiers of Monetary Policy

Advancing the Frontiers of Monetary Policy »

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

DOI: http://dx.doi.org/10.5089/9781484325940.071

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

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...

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation »

Source: Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

Volume/Issue: 2018/270

Series: IMF Working Papers

Author(s): Manoj Atolia , Prakash Loungani , Helmut Maurer , and Willi Semmler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

ISBN: 9781484387795

Keywords: Climate Change, Fiscal Policy, Optimal Control, Environmental Economics

The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptati...

Inflation-Forecast Targeting

Inflation-Forecast Targeting »

Source: Inflation-Forecast Targeting : Applying the Principle of Transparency

Volume/Issue: 2015/132

Series: IMF Working Papers

Author(s): Kevin Clinton , Charles Freedman , Michel Juillard , Ondrej Kamenik , Douglas Laxton , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2015

ISBN: 9781513557656

Keywords: Optimal Control, inflation, interest, interest rate, central bank, General,

Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation environment. To suppo...

Avoiding Dark Corners

Avoiding Dark Corners »

Source: Avoiding Dark Corners : A Robust Monetary Policy Framework for the United States

Volume/Issue: 2015/134

Series: IMF Working Papers

Author(s): Ali Alichi , Kevin Clinton , Charles Freedman , Ondra Kamenik , Michel Juillard , Douglas Laxton , Jarkko Turunen , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 June 2015

ISBN: 9781513595702

Keywords: Optimal Control, inflation, interest, interest rate, central bank, General,

The Fed has taken several steps towards strengthening its monetary framework over the past several years. Those steps have supported the Fed's efforts to stimulate the economy through forward guidance despite being...

Czech Magic

Czech Magic »

Source: Czech Magic : Implementing Inflation-Forecast Targeting at the CNB

Volume/Issue: 2017/21

Series: IMF Working Papers

Author(s): Kevin Clinton , Tibor Hlédik , Tomás Holub , Douglas Laxton , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2017

ISBN: 9781475572971

Keywords: Inflation targeting, Czech Republic, Central banks, Monetary policy, Forecasting models, Inflation Targeting, Monetary Policy, Optimal Control

This paper describes the CNB's experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The...

Part I: The Frontiers of Monetary Policymaking

Part I: The Frontiers of Monetary Policymaking »

Source: Advancing the Frontiers of Monetary Policy

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

...

Part II: Principles and Practices of Inflation-Forecast Targeting

Part II: Principles and Practices of Inflation-Forecast Targeting »

Source: Advancing the Frontiers of Monetary Policy

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

...

Part III: Inflation-Forecast Targeting in Four Countries

Part III: Inflation-Forecast Targeting in Four Countries »

Source: Advancing the Frontiers of Monetary Policy

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

...

Part IV: A Widened Perspective for Inflation-Forecast Targeting

Part IV: A Widened Perspective for Inflation-Forecast Targeting »

Source: Advancing the Frontiers of Monetary Policy

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

...

Chapter 1. An Overview of Inflation-Forecast Targeting

Chapter 1. An Overview of Inflation-Forecast Targeting »

Source: Advancing the Frontiers of Monetary Policy

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

In 1990, the Reserve Bank of New Zealand became the first central bank to announce an inflation target, followed a year later by the Bank of Canada. This was a significant step towa...