登入
選單
返回
Google圖書搜尋
An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank
Rania A. Al-Mashat
Mr.Ales Bulir
N. Nergiz Dinçer
Tibor Hlédik
Mr.Tomás Holub
Asya Kostanyan
Mr.Douglas Laxton
Armen Nurbekyan
Mr.Rafael A Portillo
Hou Wang
出版
International Monetary Fund
, 2018-09-28
主題
Business & Economics / Economics / Macroeconomics
Business & Economics / Economics / General
Business & Economics / International / Economics & Trade
ISBN
1484374835
9781484374832
URL
http://books.google.com.hk/books?id=r7cZEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Policy Analysis System (FPAS) to implement a full-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy objectives, the FPAS designed to support IFT, and the monetary policymaking process. For the CNB, all three components have shown substantial improvements over time but a few gaps remain. The CNB is currently working on eliminating some of these gaps.