Czech Magic : Implementing Inflation-Forecast Targeting at the CNB

Author/Editor:

Kevin Clinton ; Tibor Hlédik ; Tomás Holub ; Douglas Laxton ; Hou Wang

Publication Date:

January 30, 2017

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper describes the CNB’s experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The CNB’s experience has been very successful in establishing confidence in monetary policy in the Czech Republic and should provide useful guidance for other central banks that are considering adopting an IFT regime.

Series:

Working Paper No. 17/21

Subject:

English

Publication Date:

January 30, 2017

ISBN/ISSN:

9781475572971/1018-5941

Stock No:

WPIEA2017021

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

56

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