01745cas a2200253 a 4500 AALejournalIMF000832 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846089 1018-5941 BD-DhAAL BD-DhAAL Christoffersen, Peter. Is Poland Ready for Inflation Targeting? / Peter Christoffersen, Robert Westcott. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitivity of these CPI measures to changes in a set of 25 policy and economic variables is then studied via Granger causality tests and impulse responses and a multivariate model of CPI inflation developed. The results show that a core set of variables characterize one-period-ahead underlying inflation moderately well but that statistical linkages are not yet robust. Mode of access: Internet Westcott, Robert. IMF Working Papers; Working Paper ; No. 1999/041 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/041/001.1999.issue-041-en.xml IMF e-Library