Frontiers of Monetary Policymaking : Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic /

The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB's recent experience in adding the exchange rate as a complementary monetary policy tool to stimulate the eco...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Alichi, Ali
अन्य लेखक: Benes, Jaromir, Felman, Joshua, Feng, Irene
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2015.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2015/074
ऑनलाइन पहुंच:Full text available on IMF
LEADER 01802cas a2200277 a 4500
001 AALejournalIMF015151
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475532371 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Alichi, Ali. 
245 1 0 |a Frontiers of Monetary Policymaking :   |b Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic /  |c Ali Alichi, Jaromir Benes, Joshua Felman, Irene Feng. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (44 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 The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB's recent experience in adding the exchange rate as a complementary monetary policy tool to stimulate the economy and combat the risks of deflation when the policy interest rate is at the zero lower bound. It assesses the theoretical basis of such a policy, the communications approach used by the CNB when announcing the new framework, and the effects thus far on inflation and output. 
538 |a Mode of access: Internet 
700 1 |a Benes, Jaromir. 
700 1 |a Felman, Joshua. 
700 1 |a Feng, Irene. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/074 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/074/001.2015.issue-074-en.xml  |z IMF e-Library