Books

Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right

By Carol S Carson, Claudia H Dziobek, Charles Enoch

September 25, 2002

Preview Citation

Format: Chicago

Carol S Carson, Claudia H Dziobek, and Charles Enoch. Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national statistical agency, the role of national statistical agencies becomes central to the credibility of monetary policy. Data needs and uses have also shifted, with implications for national and international statistics compilation: market data have gained in importance; less emphasis is placed on traditional monetary aggregates; and greater attention is paid to timeliness, adherence to sound economic accounting standards, and other aspects of data quality.

Subject: Banking, Consumer price indexes, Inflation, Inflation targeting, Monetary policy, Price indexes, Price stabilization, Prices

Keywords: Africa, Australia and New Zealand, BOOK, Caribbean, Consumer price indexes, Europe, Global, Inflation, Inflation expectation, Inflation targeting, Inflation-targeting country, Inflation-targeting regime, Monetary policy, Monetary policy committee, North America, Policy regime, Price indexes, Price stabilization, West Africa

Publication Details

  • Pages:

    396

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  • DOI:

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  • Series:

    Books

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    SIITEA

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