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Inflation Targeting Under Imperfect Policy Credibility. (2009). International Monetary Fund, .
In: IMF Working Papers.
RePEc:imf:imfwpa:2009/094.

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Cited: 15

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Cites: 26

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Cocites: 36

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Citations received by this document

  1. The Monetary Policy Credibility Channel and the Amplification Effects in a Semi-structural Model. (2020). Nalban, Valeriu ; Epstein, Natan P ; Chansriniyom, Thitipat.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2020/201.

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  2. How transparent about its inflation target should a central bank be?. (2019). Yildizoglu, Murat ; Senegas, Marc-Alexandre ; Salle, Isabelle ; Yildizolu, Murat.
    In: Journal of Evolutionary Economics.
    RePEc:spr:joevec:v:29:y:2019:i:1:d:10.1007_s00191-018-0558-4.

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  3. Achieving the Bank of Japan’s Inflation Target. (2019). Hul, Yaroslav ; Anand, Rahul ; Hong, Gee Hee.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2019/229.

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  4. Central bank credibility and the expectations channel: evidence based on a new credibility index. (2018). Lucotte, Yannick ; Levieuge, Grégory ; Ringuede, Sebastien.
    In: Review of World Economics (Weltwirtschaftliches Archiv).
    RePEc:spr:weltar:v:154:y:2018:i:3:d:10.1007_s10290-018-0308-6.

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  5. Expectations Anchoring and Inflation Persistence. (2018). Grigoli, Francesco ; Caselli, Francesca ; Bems, Rudolfs ; Lian, Weicheng ; Gruss, Bertrand.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2018/280.

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  6. Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them?. (2018). Corugedo, Emilio Fernandez ; Colacelli, Mariana.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2018/248.

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  7. Estimates of Potential Output and the Neutral Rate for the U.S. Economy. (2018). Mkhatrishvili, Shalva ; Laxton, Douglas ; Minasyan, Gevorg ; Ford, Robert ; Vardanyan, Erik ; Matikyan, Karolina ; Butavyan, Aram ; Torosyan, Lusine ; Liqokeli, Akaki ; Bizimana, Olivier ; Sopromadze, Tamta ; Benes, Jaromir ; Shirkhanyan, Aleksandr ; Kharaishvili, Mariam ; Avetisyan, Hayk ; Rezepina, Yekaterina ; Karapetyan, Hayk ; Al-Mashat, Rania A ; Petrosyan, Garik ; Hovhannisyan, Edgar ; Alichi, Ali ; Pashinyan, Babken ; Orlov, Andrei ; Harutyunyan, Mane ; Nurbekyan, Armen ; Grigoryan, Vahagn ; Yao, Jiaxiong ; Ghazaryan, Narek ; Wang, Hou.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2018/152.

    Full description at Econpapers ||

  8. Inflation targeting, credibility, and non-linear Taylor rules. (2014). Tillmann, Peter ; Neuenkirch, Matthias ; PeterTillmann, .
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:41:y:2014:i:c:p:30-45.

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  9. Asymmetric effects in the Polish monetary policy rule. (2014). Sznajderska, Anna.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:36:y:2014:i:c:p:547-556.

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  10. Communication of Central Bank Thinking and Inflation Dynamics. (2011). Yu, Xiangrong ; Tang, Man-Keung .
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2011/209.

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  11. The renaissance of Friedman hypothesis: nature of global financial crisis and consequences in a small open and highly dollarized economy. (2010). Mendieta, Pablo ; Ossio, Pablo Mendieta .
    In: Revista de Análisis del BCB.
    RePEc:blv:journl:v:12:y:2010:i:1:p:119-151.

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  12. Country Experiences with the Introduction and Implementation of Inflation Targeting. (2009). Ötker-Robe, Inci ; Freedman, Charles ; Otker, Inci.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/161.

    Full description at Econpapers || Download paper

  13. It Framework Design Parameters. (2009). Laxton, Douglas ; Freedman, Charles.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/087.

    Full description at Econpapers || Download paper

  14. Why Inflation Targeting?. (2009). Laxton, Douglas ; Freedman, Charles.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/086.

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  15. Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT). (2009). Laxton, Douglas ; Rose, David ; Scott, Alasdair.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2009/065.

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References

References cited by this document

  1. Argov, E. N. Epstein, P. Karam, D. Laxton, and D. Rose, 2007, Endogenous Monetary Policy Credibility in a Small Macro Model of Israel, IMF Working Paper 07/207 (Washington: International Monetary Fund).

  2. Batini, N. and D. Laxton, 2007, Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets, in Monetary Policy Under Inflation Targeting, ed. by F. S. Mishkin and K. Schmidt-Hebbel (Chile: Banco Central de Chile), pp. 467-506.

  3. Batini, N., K. Kuttner, and D. Laxton, 2005, Does Inflation Targeting Work in Emerging Markets? Chapter 4 (September 2005) World Economic Outlook, International Monetary Fund, available at www.imf.org.
    Paper not yet in RePEc: Add citation now
  4. Berg, A., P. Karam, and D. Laxton, 2006a, A Practical Model-Based Approach to Monetary Policy Analysis-Overview, IMF Working Paper 06/080 (Washington: International Monetary Fund).
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  5. Black, R., D. Laxton, D. Rose, and R. Tetlow, 1994, The Steady-State Model: SSQPM, The Bank of Canadas New Quarterly Projection System, Part 1, Bank of Canada, Technical Report No. 72.
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  6. Blanchard, 0., and J. Gall, 2007, Real Wage Rigidities and the New Keynesian Model, Journal of Money, Credit and Banking, Supplement to Vol. 39, No. 1, pp 35-65.

  7. Coats, W., D. Laxton and D. Rose, 2003, The Czech National Banks Forecasting and Policy Analysis System, (Prague, Czech Republic: Czech National Bank).
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  8. Coletti, D., Hunt, B., D. Rose, and R. Tetlow, 1996, The Dynamic Model: QPM, The Bank of Canadas New Quarterly Projection System, Part 3, Bank of Canada, Technical Report No. 75.

  9. Debelle, G., and D. Laxton, 1997, Is the Phillips Curve Really A Curve? Some Evidence for Canada, The United Kingdom and the United States, Staff Papers, International Monetary Fund, Vol. 44, No. 2, June, pp. 249-82.

  10. Eichengreen, B., P. Masson, M. Savastano and S. Sharma, 1999, Transition Strategies and Nominal Anchors on the Road to Greater Exchange-Rate Flexibility, Essays in International Finance, Vol. 213, Princeton.

  11. Freedman, C., D. Laxton, and I. Otker-Robe, 2009, Inflation Targeting: Saying What You Do and Doing What You Say, forthcoming.

  12. Goretti, M. and D. Laxton, 2005, Long-Term Inflation Expectations and Credibility, Box 4.2 in Chapter 4 (September 2005), World Economic Outlook, International Monetary Fund, available at www.imf.org.
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  13. Helbling, T., D. Laxton, V. Mercer-Blackman, and I. Tytell, 2008, Is Inflation Back? Commodity Prices and Inflation, Chapter 3 (October 2008), World Economic Outlook, International Monetary Fund, available at www.imf.org.
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  14. Hunt, B., D. Rose, and A. Scott, 2000, The Core Model of the Reserve Bank of New Zealands Forecasting and Policy System, Economic Modelling 17, (April), pp. 247-74.

  15. Isard, P., D. Laxton, and A. Eliasson, 2001, Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility, Journal of Economic Dynamics & Control, Vol. 25, pp. 115-48.

  16. Laxton, D., and P. NDiaye, 2002, Monetary Policy Credibility and the Unemployment-Inflation Trade-Off: Some Evidence from 17 Industrial Countries, IMF Working Paper 02/220 (Washington: International Monetary Fund).

  17. Laxton, D., and P. Pesenti, 2003,Monetary Policy Rules for Small, Open, Emerging Economies, Journal of Monetary Economics, Vol. 50 (July), pp. 1109-46.

  18. Levin, A., F. Natalucci and J. Piger, 2004, The Macroeconomic Effects of Inflation Targeting, The Federal Reserve Bank of St. Louis Review, July/August, pp. 5 1-80.

  19. Masson, P., M. Savastano, and S. Sharma, 1997, The Scope for Inflation Targeting in Developing Countries, IMF Working Paper 97/130 (Washington: International Monetary Fund).

  20. Meyer, L., 1996, Monetary Policy Objectives and Strategy, Remarks Delivered at the National Association of Business Economists 38th Annual Meeting, Boston, Massachusetts September 8, 1996, http://www.federalreserve.gov/boarddocs/speeches/1 996/1 9960908.htm Mishkin F., 2007, Inflation Dynamics, Annual Macro Conference, Federal Reserve Bank of San Francisco, (March), http ://www. federalreserve. gov/news events/speechlmishkin20070323 a.htm Mishkin, F., and K. Schmidt-Hebbel, 2001, One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know? in Norman Loayza and Raimundo Soto, eds., Inflation Targeting: Design, Performance, Challenges (Central Bank of Chile: Santiago, 2001): pp. 117-219.

  21. Orphanides, A., and D. W. Wilcox, 2002, The Opportunistic Approach to Disinflation, International Finance, Vol. 5, pp. 47-71.

  22. Roger, S., and M. Stone, 2005, On Target? The International Experience with Achieving Inflation Targets, IMF Working Paper 05/163 (Washington: International Monetary Fund).

  23. Smets, F., and R. Wouters, 2003, An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area, Journal of European Economics, Vol. 49, pp. 947-81.

  24. Svensson, L., 1997, Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets, European Economic Review 41, pp. 1111-1146.

  25. The Economist, 2006, Big Questions and Big Numbers-Economic Models, Special Report, (July), pp. 67-69.
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  26. Woodford, M., 2003. Optimal Monetary Policy Inertia, Review of Economic Studies, (2005), Vol. 70, pp. 861-86.
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