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180614 ||| eng |
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|a 9781475578690
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| 100 |
1 |
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|a Benes, Jaromir
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| 245 |
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0 |
|a Inflation-Forecast Targeting for India
|b An Outline of the Analytical Framework
|c Jaromir Benes, Kevin Clinton, Asish George, Joice John, Ondrej Kamenik, Douglas Laxton, Pratik Mitra, G.V. Nadhanael, Hou Wang, Fan Zhang
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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| 300 |
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|a 37 pages
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| 651 |
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4 |
|a India
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| 653 |
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|a Interest rates
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| 653 |
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|a Payment Systems
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| 653 |
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|a Regimes
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| 653 |
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|a Inflation targeting
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| 653 |
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|a Financial services
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| 653 |
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|a Deflation
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| 653 |
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|a Production
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Standards
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| 653 |
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|a Forecasting and Other Model Applications
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Banking
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| 653 |
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|a Economic theory
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| 653 |
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|a Supply and demand
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Inflation
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| 653 |
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|a Economic Theory
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| 653 |
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|a Output gap
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| 653 |
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|a Keynesian
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| 653 |
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|a Monetary economics
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| 653 |
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|a Model Evaluation and Selection
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| 653 |
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|a Supply shocks
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| 653 |
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|a General Aggregative Models: Keynes
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| 653 |
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|a Economic theory & philosophy
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| 653 |
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|a Money and Interest Rates: Forecasting and Simulation
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| 653 |
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|a Price Level
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Post-Keynesian
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| 653 |
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|a Prices
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| 653 |
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|a Monetary policy
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| 653 |
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|a Studies of Particular Policy Episodes
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| 653 |
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|a Central Banks and Their Policies
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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 Agriculture: Aggregate Supply and Demand Analysis
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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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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Central bank policy rate
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| 700 |
1 |
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|a Clinton, Kevin
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| 700 |
1 |
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|a George, Asish
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| 700 |
1 |
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|a John, Joice
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| 041 |
0 |
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 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781475578690.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/032/001.2017.issue-032-en.xml?cid=44658-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy
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