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Acting Chair’s Concluding Remarks »
Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration
Series: Occasional Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 April 2005
ISBN: 9781589063501
Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange
Adopting the Euro in Central Europe—Challenges of the Next Step in European Integration—Executive Board Seminar, February 18, 2004 95...

Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration »
Series: Occasional Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 April 2005
DOI: http://dx.doi.org/10.5089/9781589063501.084
ISBN: 9781589063501
Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

Back Matter »
Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration
Series: Occasional Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 April 2005
ISBN: 9781589063501
Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

Front Matter »
Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration
Series: Occasional Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 April 2005
ISBN: 9781589063501
Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

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...

Back Matter »
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
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...

Front Matter »
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
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...

Chapter 14. A Robust and Adaptable Nominal Anchor »
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
Even if it is now all too evident that the stabilization of inflation and inflation expectations does not by itself guarantee that macroeconomic i...

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...

Chapter 9. Canada: A Well-Established System »
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
WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the na...