Is Poland Ready for Inflation Targeting? /

Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitiv...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter: Christoffersen, Peter
Andre forfattere: Westcott, Robert
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1999.
Serier:IMF Working Papers; Working Paper ; No. 1999/041
Online adgang:Full text available on IMF
LEADER 01745cas a2200253 a 4500
001 AALejournalIMF000832
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451846089 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Christoffersen, Peter. 
245 1 0 |a Is Poland Ready for Inflation Targeting? /  |c Peter Christoffersen, Robert Westcott. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitivity of these CPI measures to changes in a set of 25 policy and economic variables is then studied via Granger causality tests and impulse responses and a multivariate model of CPI inflation developed. The results show that a core set of variables characterize one-period-ahead underlying inflation moderately well but that statistical linkages are not yet robust. 
538 |a Mode of access: Internet 
700 1 |a Westcott, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/041 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/041/001.1999.issue-041-en.xml  |z IMF e-Library