02101cas a2200337 a 4500 AALejournalIMF018231 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484339718 1018-5941 BD-DhAAL BD-DhAAL Brito, Steve. Disagreement about Future Inflation : Understanding the Benefits of Inflation Targeting and Transparency / Steve Brito, Yan Carriere-Swallow, Bertrand Gruss. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (18 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 We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on the benefits of inflation targeting regimes and central bank transparency. The reduction in disagreement that follows the adoption of inflation targeting is entirely due to increased central bank transparency. Since the benefits of increased transparency are non-linear, the gains from inflation targeting adoption have accrued mainly to countries that started from a low level of transparency. These have tended to be developing countries. Mode of access: Internet Central Bank Transparency imf Inflation Forecasts imf Inflation Targeting imf IT Adoption imf WP imf United States imf Carriere-Swallow, Yan. Gruss, Bertrand. IMF Working Papers; Working Paper ; No. 2018/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/024/001.2018.issue-024-en.xml IMF e-Library