{
  "title": "Why Inflation Targeting?",
  "publication": "IMF Working Papers, April 1, 2009",
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  "summary": "This is the second chapter of a forthcoming monograph entitled \"On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say.\" We begin by discussing the costs of inflation, including their role in generating boom-bust cycles.",
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      "heading": "Overview",
      "content": "- Chapter 2 of a forthcoming monograph entitled \"On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say.\"\n- Authors: Charles Freedman, Douglas Laxton\n- Publication date: April 1, 2009"
    },
    {
      "heading": "Main findings and analytical focus",
      "content": "- Discusses the costs of inflation, including their role in generating boom-bust cycles.\n- Presents a general discussion of the need for a nominal anchor.\n- Describes a specific type of monetary anchor: the inflation-targeting regime.\n- Identifies two key intellectual roots of inflation targeting:\n  - the absence of long-run trade-offs\n  - the time-inconsistency problem\n- Concludes with a brief introduction to the way in which inflation targeting works."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Conventional peg, Economic theory, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Output gap, Prices, Production, Supply shocks\n- Keywords: Africa, Conventional peg, core rate, demand shock, feedback rule, Global, Inflation, inflation equation, inflation expectation, Inflation Targeting, inflation targeting adoption, inflation-targeting regime, Monetary Policy, Output gap, output-inflation process, Supply shocks, targeted rate of inflation, WP\n\n---\n\n Content in this bundle\n\n- wp0986\n  - wp0986 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp0986 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/why-inflation-targeting-22876"
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    "Authors: Charles Freedman, Douglas Laxton",
    "Published: April 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451872330.001",
    "Chapter 2 of a forthcoming monograph entitled \"On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say.\"",
    "Authors: Charles Freedman, Douglas Laxton",
    "Publication date: April 1, 2009",
    "Discusses the costs of inflation, including their role in generating boom-bust cycles.",
    "Presents a general discussion of the need for a nominal anchor.",
    "Describes a specific type of monetary anchor: the inflation-targeting regime.",
    "Identifies two key intellectual roots of inflation targeting:",
    "Concludes with a brief introduction to the way in which inflation targeting works.",
    "Subject: Conventional peg, Economic theory, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Output gap, Prices, Production, Supply shocks",
    "Keywords: Africa, Conventional peg, core rate, demand shock, feedback rule, Global, Inflation, inflation equation, inflation expectation, Inflation Targeting, inflation targeting adoption, inflation-targeting regime, Monetary Policy, Output gap, output-inflation process, Supply shocks, targeted rate of inflation, WP",
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