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|c 5.00 USD
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|z 9781451872330
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Freedman, Charles.
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|a Why Inflation Targeting? /
|c Charles Freedman, Douglas Laxton.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (25 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 This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.
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|a Mode of access: Internet
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|a Laxton, Douglas.
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|a IMF Working Papers; Working Paper ;
|v No. 2009/086
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/086/001.2009.issue-086-en.xml
|z IMF e-Library
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