Czech Magic Implementing Inflation-Forecast Targeting at the CNB |
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| Author:
| Clinton, Kevin
Hlédik, Tibor
Holub, Tomás
Laxton, Douglas
Wang, Hou |
| Series title: | IMF Working Papers |
| ISBN: | 978-1-4755-7817-1 |
| Publication Date: | Jan 2017 |
| Publisher: | International Monetary Fund
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| Book Format: | Ebook |
| List Price: | Contact Supplier contact
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Book Description:
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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.
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.