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IT Framework Design Parameters

IT Framework Design Parameters by Douglas Laxton
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This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It examines a number of elements in the design of an inflation-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages and disadvantages of point targets, point targets with a band, and range targets. It then discusses the choice of a long-term inflation rate, the target horizon, and the policy horizon.
International Monetary Fund; April 2009
16 pages; ISBN 9781452727875
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Title: IT Framework Design Parameters
Author: Douglas Laxton; Charles Freedman