Inflation Targeting : What is the Meaning of the Bottom of the Band? /
This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transparency, potentially confusing markets about how the authorities will react to a fall in i...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1999/008 |
| Online Access: | Full text available on IMF |