Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT) /

This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the development of data management and reporting processes; the creation of a forecast team and the developmen...

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Bibliographic Details
Main Author: Laxton, Douglas
Other Authors: Rose, David, Scott, Alasdair
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/065
Online Access:Full text available on IMF
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245 1 0 |a Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT) /  |c Douglas Laxton, Alasdair Scott, David Rose. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the development of data management and reporting processes; the creation of a forecast team and the development of human capital; the implementation of a simple model, plus possible extensions; and the management of regular economic projections. We emphasize that it is better to implement simple models earlier and use them well, rather than wait in an attempt to develop an all-encompassing model. 
538 |a Mode of access: Internet 
700 1 |a Rose, David. 
700 1 |a Scott, Alasdair. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/065 
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