A Model for Full-Fledged Inflation Targeting and Application to Ghana /

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well a...

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Bibliographic Details
Main Author:	Clinton, Kevin
Other Authors:	Alichi, Ali, Dagher, Jihad, Kamenik, Ondra, Kamenik, Ondrej, Laxton, Douglas, Mills, Marshall
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 2010
Series:	IMF Working Papers ; Working Paper No. 10/25 IMF Working Papers; Working Paper ; No. 2010/025 IMF eLibrary
Subjects:	Actual inflation Aggregate demand Annual inflation Central bank Deflation Disinflation Economic models Effects of inflation Expectations of inflation External shocks Foreign exchange High inflation Increase in inflation Increase in interest rates Inflation dynamics Inflation forecasts Inflation objective Inflation process Inflation rate Inflation rates Inflation target Inflation targeting Inflation Inflationary consequences Inflationary pressures Inflationary spiral Low inflation Low-income developing countries Lower inflation Model Construction and Estimation Monetary Policy (Targets, Instruments, and Effects) Monetary authorities Monetary economics Monetary fund Monetary instrument Monetary policy decision Monetary policy instrument Monetary policy transparency Monetary policy National bank Optimal monetary policy Percent inflation Price Level Rate of inflation Real interest rate Real interest rates Tight monetary policy Variable inflation Agriculture: Aggregate Supply and Demand Analysis Banking Banks and Banking Central bank policy rate Economic Theory Economic theory & philosophy Economic theory Interest Rates: Determination, Term Structure, and Effects Interest rates Macroeconomics Macroeconomics: Production Monetary Policy Money and Monetary Policy Output gap Prices Production and Operations Management Production Supply and demand Supply shocks Ghana
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A Model for Full-Fledged Inflation Targeting and Application to Ghana /

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