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Inflation Targeting

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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...

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

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

DOI: http://dx.doi.org/10.5089/9781451970906.003

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...