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161223 ||| eng |
| 020 |
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|a 9781513567990
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| 100 |
1 |
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|a Laurens, Bernard
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| 245 |
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|a The Journey to Inflation Targeting
|b Easier Said than Done The Case for Transitional Arrangements along the Road
|c Bernard Laurens, Kelly Eckhold, Darryl King, Nils Maehle, Abdul Naseer, Alain Durré
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 44 pages
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| 651 |
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4 |
|a Papua New Guinea
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Interest rates
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| 653 |
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|a Inflation
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Banks and banking
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| 653 |
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|a Monetary economics
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| 653 |
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|a Inflation targeting
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| 653 |
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|a Deflation
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| 653 |
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|a Short term interest rates
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Monetary aggregates
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| 653 |
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|a Monetary policy frameworks
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| 653 |
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|a Mortgages
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| 653 |
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|a Money
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| 653 |
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|a Money supply
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| 653 |
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|a Price Level
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| 653 |
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|a Monetary base
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Monetary policy
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| 653 |
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|a Banking
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| 653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 700 |
1 |
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|a Durré, Alain
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| 700 |
1 |
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|a Eckhold, Kelly
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| 700 |
1 |
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|a King, Darryl
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781513567990.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2015/136/001.2015.issue-136-en.xml?cid=43029-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a Countries with evolving monetary regimes that decide to embark on “the Journey to inflation targeting” may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road
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