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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w5797 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w5797 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563286 |
推荐引用方式 GB/T 7714 | Lars E. O. Svensson. Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets. 1996. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w5797.pdf(1814KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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