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Czech Magic Implementing Inflation-Forecast Targeting at the CNB

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 polic...

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Bibliographic Details
Main Author: Clinton, Kevin
Other Authors: Hlédik, Tibor, Holub, Tomás, Laxton, Douglas
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Working Papers
Subjects:
Depository Institutions
Interest Rates
Inflation
Banks
Finance
Banks And Banking
Currency; Foreign Exchange
Monetary Economics
Financial Services
Inflation Targeting
Deflation
Short Term Interest Rates
Micro Finance Institutions
Mortgages
Foreign Exchange
Price Level
Prices
Macroeconomics
Monetary Policy
Banking
Interest Rates: Determination, Term Structure, And Effects
Central Banks And Their Policies
Prices, Business Fluctuations, And Cycles: General (includes Measurement And Data)
Exchange Rates
Money And Monetary Policy
Central Bank Policy Rate
Czech Republic
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:56 pages
ISBN:9781475572971

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