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  1. Disagreement about future inflation
    understanding the benefits of inflation targeting and transparency
    Author: Brito, Steve; Carrière-Swallow, Yan; Gruss, Bertrand
    Published: January 2018
    Publisher:  International Monetary Fund, [Washington, D.C.]

    We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on... more

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    We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on the benefits of inflation targeting regimes and central bank transparency. The reduction in disagreement that follows the adoption of inflation targeting is entirely due to increased central bank transparency. Since the benefits of increased transparency are non-linear, the gains from inflation targeting adoption have accrued mainly to countries that started from a low level of transparency. These have tended to be developing countries

     
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781484339718
    Other identifier:
    Series: IMF working paper ; WP/18, 24
    Subjects: Inflationssteuerung; Zentralbank; Fiskalische Transparenz; Inflationserwartung; Entwicklungsländer; Central Bank Transparency; Inflation Forecasts; Inflation Targeting; IT Adoption; WP
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  2. Disagreement about future inflation
    understanding the benefits of inflation targeting and transparency
    Author: Brito, Steve; Carrière-Swallow, Yan; Gruss, Bertrand
    Published: January 2018
    Publisher:  International Monetary Fund, [Washington, D.C.]

    We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on... more

    Access:
    Verlag (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on the benefits of inflation targeting regimes and central bank transparency. The reduction in disagreement that follows the adoption of inflation targeting is entirely due to increased central bank transparency. Since the benefits of increased transparency are non-linear, the gains from inflation targeting adoption have accrued mainly to countries that started from a low level of transparency. These have tended to be developing countries

     
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781484339718
    Other identifier:
    Series: IMF working paper ; WP/18, 24
    Subjects: Inflationssteuerung; Zentralbank; Fiskalische Transparenz; Inflationserwartung; Entwicklungsländer; Central Bank Transparency; Inflation Forecasts; Inflation Targeting; IT Adoption; WP
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen