Advancing the Frontiers of Monetary Policy
by Tobias Adrian, Douglas Laxton, Maury Obstfeld
Description
The book outlines efficient operational procedures, central bank communications, financial stability issues, and the importance of incorporating financial conditions in inflation-forecast targeting. It also reviews the experiences of Canada, the Czech Republic, India, and the United States. The analysis argues for assertive policies and maximum transparency, especially when long-term expectations tilt toward high inflation or deflation.
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Endorsements
Read this book for a comprehensive evaluation of how monetary policy has evolved through the prism of inflation-forecast targeting, the approach that now dominates modern central banking and is viewed by many as “state of the art.” Full of both theoretical and practical insights, including engaging country examples from both advanced and developing economies, it is sure to become the reference book for students and implementers of modern central banking.
Mohamed El-Erian (Chief Economic Adviser of Allianz and former CEO of PIMCO)
International Monetary Fund
IMF’s print and digital publications present the research, policy advice, and data on economic and financial sector issues at the global, regional, and country levels.
View all titlesBibliographic Information
- Publisher International Monetary Fund
- Orginal LanguageEnglish
- ISBN/Identifier 9781484325940
- Publication Country or regionUnited States
- FormatPaperback
- Primary Price 30 USD
- Pages260
- ReadershipProfessional and Scholarly
- Publish StatusPublished
- Copyright Year2018
- Dimensions9x6 inches
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