01971cas a2200277 a 4500 AALejournalIMF015311 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513557656 1018-5941 BD-DhAAL BD-DhAAL Clinton, Kevin. Inflation-Forecast Targeting : Applying the Principle of Transparency / Kevin Clinton, Charles Freedman, Michel Juillard, Ondrej Kamenik. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (56 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 Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation environment. To support policy making, each has developed a structured system of forecasting and policy analysis appropriate to its needs. A common component is a model-based forecast with an endogenous policy interest rate path. The approach is characterized, among other things, by transparent communications-some IFT central banks go so far as to publish their policy interest rate projection. Some elements of this regime, although a work still in progress, are worthy of consideration by central banks that have not yet officially adopted full-fledged inflation targeting. Mode of access: Internet Freedman, Charles. Juillard, Michel. Kamenik, Ondrej. IMF Working Papers; Working Paper ; No. 2015/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/132/001.2015.issue-132-en.xml IMF e-Library