Cover Advancing the Frontiers of Monetary Policy
Advancing the Frontiers of Monetary Policy
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Abstract

Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including managing expectations, the implementation of a forecasting and policy analysis system, monetary operations, monetary policy and financial stability, financial conditions, and transparency and communications; aspects of inflation-forecast targeting in Canada, the Czech Republic, India, and the US; and monetary policy challenges faced by low-income countries and how inflation-forecast targeting can provide an anchor in countries with different economic structures and circumstances.

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Author: Mr. Tobias Adrianhttps://orcid.org/0000-0001-9379-9592, Mr. Douglas Laxton, and Mr. Maurice Obstfeld
Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
13 Apr 2018
DOI:
https://doi.org/10.5089/9781484325940.071
ISBN:
9781484325940
Pages:
296
Keywords:
BOOK; central bank; monetary policy; inflation expectation; quantitative easing; monetary policy committee; transmission mechanism; inflation rate; Inflation; Inflation targeting; Central bank policy rate; Output gap; Real interest rates; Global; Sub-Saharan Africa; Africa; monetary policy report
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.