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
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...