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|z 9781451870923
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Smidkova, Katerina.
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|a Inflation Targeting and Communication :
|b It Pays Off to Read Inflation Reports /
|c Katerina Smidkova, Viktor Kotlan, David Navratil, Ales Bulir.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools-inflation targets, inflation forecasts, and verbal assessments of inflation factors contained in quarterly inflation reports-provided a consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Republic, Hungary, Poland, Thailand, and Sweden.
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| 538 |
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|a Mode of access: Internet
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|a Bulir, Ales.
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|a Kotlan, Viktor.
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|a Navratil, David.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/234
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/234/001.2008.issue-234-en.xml
|z IMF e-Library
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