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: Dagher, Jihad, Kamenik, Ondrej, Laxton, Douglas
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/025
Online Access:Full text available on IMF