Monetary Policy Frameworks : An Index and New Evidence /

We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...

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Bibliographic Details
Main Author: Unsal, D. Filiz
Other Authors: Garbers, Hendre, Papageorgiou, Chris
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/022
Subjects:
Online Access:Full text available on IMF