Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right by Carol Mrs. Carson, Claudia Ms. Dziobek, Charles Mr. Enoch, INTERNATIONAL MONETARY FUND
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Author: Carol Mrs. Carson, Claudia Ms. Dziobek, Charles Mr. Enoch ISBN: 9781455281060
Publisher: INTERNATIONAL MONETARY FUND Publication: September 25, 2002
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Carol Mrs. Carson, Claudia Ms. Dziobek, Charles Mr. Enoch
ISBN: 9781455281060
Publisher: INTERNATIONAL MONETARY FUND
Publication: September 25, 2002
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national statistical agency, the role of national statistical agencies becomes central to the credibility of monetary policy. Data needs and uses have also shifted, with implications for national and international statistics compilation: market data have gained in importance; less emphasis is placed on traditional monetary aggregates; and greater attention is paid to timeliness, adherence to sound economic accounting standards, and other aspects of data quality.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national statistical agency, the role of national statistical agencies becomes central to the credibility of monetary policy. Data needs and uses have also shifted, with implications for national and international statistics compilation: market data have gained in importance; less emphasis is placed on traditional monetary aggregates; and greater attention is paid to timeliness, adherence to sound economic accounting standards, and other aspects of data quality.

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