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Inflation Targeting

Inflation Targeting »

Source: Inflation Targeting : What is the Meaning of the Bottom of the Band?

Volume/Issue: 1999/8

Series: IMF Policy Discussion Papers

Author(s): Eric Clifton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451970906

Keywords: Inflation targeting, credibility, monetary policy, inflation, price stability, inflation target

This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transpare...

Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Bulgaria: Staff Report for the 2015 Article IV Consultation—Informational Annex

Bulgaria: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

IMF Executive Board Concludes 2015 Article IV Consultation with Bulgaria

IMF Executive Board Concludes 2015 Article IV Consultation with Bulgaria »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Statement by Menno Snel, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, May 4, 2015

Statement by Menno Snel, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, May 4, 2015 »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Does Money Matter for Inflation in Ghana?

Does Money Matter for Inflation in Ghana? »

Source: Does Money Matter for Inflation in Ghana?

Volume/Issue: 2011/274

Series: IMF Working Papers

Author(s): Arto Kovanen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463925291

Keywords: monetary policy credibility, inflation-targeting, inflation, monetary policy, real money, money stock,

Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation horizon (four to eight quarters). On the other hand, currency depreciation and demand pressures (...

Expectations' Anchoring and Inflation Persistence*

Expectations' Anchoring and Inflation Persistence* »

Source: Expectations' Anchoring and Inflation Persistence

Volume/Issue: 2018/280

Series: IMF Working Papers

Author(s): Rudolfs Bems , Francesca Caselli , Francesco Grigoli , Bertrand Gruss , and Weicheng Lian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2018

ISBN: 9781484388846

Keywords: Inflation expectations, Inflation persistence, Anchoring, credibility, terms of trade, Monetary Policy (Targets, Instruments, and Effects)

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation....

Credibility of Central Bank Independence Revisited1

Credibility of Central Bank Independence Revisited1 »

Source: Credibility of Central Bank Independence Revisited

Volume/Issue: 1999/2

Series: IMF Working Papers

Author(s): Timo Valila

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1999

ISBN: 9781451841749

Keywords: central bank independence, credibility, policy co-ordination, inflation, central bank, inflation target, inflation rate

The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent...

Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise — A New Dataset

Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise — A New Dataset »

Source: Strengthening Post-Crisis Fiscal Credibility : Fiscal Councils on the Rise - A New Dataset

Volume/Issue: 2014/58

Series: IMF Working Papers

Author(s): Xavier Debrun , and Tidiane Kinda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2014

ISBN: 9781475516135

Keywords: Credibility of fiscal policy, fiscal councils, forecast errors, fiscal council, fiscal institutions,

Institutions aimed at constraining policy discretion to promote sound fiscal policies are once again at the forefront of the policy debate. Interest in 'fiscal councils,' independent watchdogs active in the public...

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility »

Source: Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Volume/Issue: 2001/7

Series: IMF Working Papers

Author(s): Peter Isard , Douglas Laxton , and Ann-Charlotte Eliasson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842418

Keywords: monetary policy rules, credibility, NAIRU uncertainty, inflation, inflation rate, monetary authorities, Model Construction and Estimation,

Stochastic simulations are employed to compare performance of monetary policy rules in linear and nonlinear variants of a small macro model with NAIRU uncertainity under different assumptions about the way inflatio...