Czech Magic [electronic resource] : Implementing Inflation-Forecast Targeting at the CNB / Kevin Clinton.
Material type:
TextSeries: IMF Working PapersPublication details: Washington, D.C. : International Monetary Fund, 2017Description: 1 online resource (56 p.)ISBN: 1475572972 :ISSN: 1018-5941Subject(s): Central Banks | Forecasting Models | Inflation Targeting | Monetary Policy | Czech RepublicAdditional physical formats: Print Version:: Czech Magic: Implementing Inflation-Forecast Targeting at the CNBOnline resources: IMF e-Library | IMF Book Store Abstract: This paper describes the CNB's experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The CNB's experience has been very successful in establishing confidence in monetary policy in the Czech Republic and should provide useful guidance for other central banks that are considering adopting an IFT regime.
This paper describes the CNB's experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The CNB's experience has been very successful in establishing confidence in monetary policy in the Czech Republic and should provide useful guidance for other central banks that are considering adopting an IFT regime.
Description based on print version record.
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