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Advancing the frontiers of monetary policy, Paperback / softback Book

Advancing the frontiers of monetary policy Paperback / softback

Edited by Tobias Adrian, Douglas Laxton, Maurice Obstfeld

Paperback / softback

Available to Order - This title is available to order, with delivery expected within 2 weeks

Description

How should a country implement inflation-forecast targeting for monetary policy?

This book explores the basic principles and practices.

A central theme is that managing expectations is essential for achieving the inflation target and for effectively managing short-term policy trade-offs.

The book outlines efficient operational procedures, central bank communications, financial stability issues, and the importance of incorporating financial conditions in inflation-forcast targeting.

It also reviews the experiences of Canada, the Czech Republic, India and the United States.

The analysis argues for assertive policies and maximum transparency, especially when long-term expectations tilt towards high inflation or deflation.

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£25.95

Available to Order - This title is available to order, with delivery expected within 2 weeks
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