An Index for Transparency for Inflation-Targeting Central Banks : Application to the Czech National Bank /

This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Po...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Al-Mashat, Rania
مؤلفون آخرون: Bulir, Ales, Dincer, N. Nergiz, Hledik, Tibor
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/210
الموضوعات:
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Al-Mashat, Rania. 
245 1 3 |a An Index for Transparency for Inflation-Targeting Central Banks :   |b Application to the Czech National Bank /  |c Rania Al-Mashat, Ales Bulir, N. Nergiz Dincer, Tibor Hledik. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (71 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 This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Policy Analysis System (FPAS) to implement a full-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy objectives, the FPAS designed to support IFT, and the monetary policymaking process. For the CNB, all three components have shown substantial improvements over time but a few gaps remain. The CNB is currently working on eliminating some of these gaps. 
538 |a Mode of access: Internet 
650 7 |a Deflation  |2 imf 
650 7 |a Inflation  |2 imf 
650 7 |a Price Level  |2 imf 
700 1 |a Bulir, Ales. 
700 1 |a Dincer, N. Nergiz. 
700 1 |a Hledik, Tibor. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/210 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/210/001.2018.issue-210-en.xml  |z IMF e-Library