G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w5797
来源IDWorking Paper 5797
Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
Lars E. O. Svensson
发表日期1996-10-01
出版年1996
语种英语
摘要Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy. The weight on output stabilization determines how quickly the inflation forecast is adjusted towards the inflation target. Money growth or exchange rate targeting is generally inferior to inflation targeting and leads to higher inflation variability. Commitment to commitment to
主题Macroeconomics ; Money and Interest Rates ; Monetary Policy
URLhttps://www.nber.org/papers/w5797
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563286
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GB/T 7714
Lars E. O. Svensson. Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets. 1996.
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