skip to content
A model for full-fledged inflation targeting and application to Ghana Preview this item
ClosePreview this item
Checking...

A model for full-fledged inflation targeting and application to Ghana

Author: Ali Alichi; International Monetary Fund,
Publisher: [Washington, D.C.] : International Monetary Fund, [2010], ©2009.
Series: IMF working paper, WP/10/25.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. The optimal approach from initial high inflation to  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Model for full-fledged inflation targeting and application to Ghana.
[Washington, D.C.] : International Monetary Fund, [2010], ©2009
(OCoLC)643078569
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ali Alichi; International Monetary Fund,
ISBN: 9781451962444 1451962444
OCLC Number: 763078507
Notes: Cover title.
"January 2009"--Page [1].
Description: 1 online resource (30 pages) : illustrations.
Contents: I. Introduction; II. Implementing IFT in Ghana; Uses of the model; Communications and operational transparency; III. The Model; Monetary policy loss function; IV. Application of the Model to Ghana: Dynamic Responses to Shocks; A. Disinflation Under Imperfect and Full Credibility; Imperfect credibility case; Full credibility case; B. Demand and Supply Shocks Under Imperfect and Full Credibility; Demand shock under imperfect credibility; Demand shock under full credibility; Supply shock under imperfect credibility
Series Title: IMF working paper, WP/10/25.
Responsibility: Ali Alichi [and others].

Abstract:

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. The optimal approach from initial high inflation to the ultimate target is gradual; and transitional inflation-reduction objectives are flexible. Over time, as policy earns credibility, expectations of inflation converge towards the long-run target, the output-inflation variability tradeoff improves, and optimal policy responses to shocks moderate.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/763078507> # A model for full-fledged inflation targeting and application to Ghana
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
    library:oclcnum "763078507" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/552495609#Place/washington_d_c> ; # Washington, D.C.
    rdfs:comment "Unknown 'gen' value: igp" ;
    schema:about <http://id.worldcat.org/fast/827041> ; # Banks and banking, Central--Econometric models
    schema:about <http://viaf.org/viaf/145411104> ; # Bank of Ghana.
    schema:about <http://experiment.worldcat.org/entity/work/data/552495609#Topic/banks_and_banking_central_ghana_econometric_models> ; # Banks and banking, Central--Ghana--Econometric models
    schema:about <http://id.worldcat.org/fast/1208741> ; # Ghana.
    schema:about <http://experiment.worldcat.org/entity/work/data/552495609#Organization/bank_of_ghana> ; # Bank of Ghana.
    schema:about <http://id.worldcat.org/fast/972453> ; # Inflation (Finance)--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/552495609#Topic/inflation_finance_ghana_econometric_models> ; # Inflation (Finance)--Ghana--Econometric models
    schema:author <http://viaf.org/viaf/76130302> ; # Ali Alichi
    schema:bookFormat schema:EBook ;
    schema:contributor <http://viaf.org/viaf/147860995> ; # International Monetary Fund,
    schema:copyrightYear "2009" ;
    schema:datePublished "2010" ;
    schema:description "I. Introduction; II. Implementing IFT in Ghana; Uses of the model; Communications and operational transparency; III. The Model; Monetary policy loss function; IV. Application of the Model to Ghana: Dynamic Responses to Shocks; A. Disinflation Under Imperfect and Full Credibility; Imperfect credibility case; Full credibility case; B. Demand and Supply Shocks Under Imperfect and Full Credibility; Demand shock under imperfect credibility; Demand shock under full credibility; Supply shock under imperfect credibility"@en ;
    schema:description "A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. The optimal approach from initial high inflation to the ultimate target is gradual; and transitional inflation-reduction objectives are flexible. Over time, as policy earns credibility, expectations of inflation converge towards the long-run target, the output-inflation variability tradeoff improves, and optimal policy responses to shocks moderate."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/552495609> ;
    schema:genre "Electronic books"@en ;
    schema:genre "Government publication"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/552495609#Series/imf_working_paper> ; # IMF working paper ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/643078569> ;
    schema:name "A model for full-fledged inflation targeting and application to Ghana"@en ;
    schema:productID "763078507" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/763078507#PublicationEvent/washington_d_c_international_monetary_fund_2010_2009> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/552495609#Agent/international_monetary_fund> ; # International Monetary Fund
    schema:url <http://ebookcentral.proquest.com/lib/ucm/detail.action?docID=1606083> ;
    schema:url <http://catalog.hathitrust.org/api/volumes/oclc/643078569.html> ;
    schema:url <http://site.ebrary.com/id/10368754> ;
    schema:url <http://site.ebrary.com/id/10369470> ;
    schema:url <http://www.imf.org/external/pubs/ft/wp/2010/wp1025.pdf> ;
    schema:url <http://bibpurl.oclc.org/web/24285/2010/wp1025.pdf> ;
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=1606083> ;
    schema:url <http://books.google.com/books?id=jysoAQAAMAAJ> ;
    schema:url <http://public.eblib.com/choice/PublicFullRecord.aspx?p=3013060> ;
    schema:url <http://proxy.library.carleton.ca/login?url=http://elibrary.imf.org/view/IMF001/10702-9781451962444/10702-9781451962444/10702-9781451962444.xml> ;
    schema:url <http://www.elibrary.imf.org/view/IMF001/10702-9781451962444/10702-9781451962444/10702-9781451962444.xml> ;
    schema:workExample <http://worldcat.org/isbn/9781451962444> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/763078507> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/552495609#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
    schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/552495609#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
    schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/552495609#Series/imf_working_paper> # IMF working paper ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/763078507> ; # A model for full-fledged inflation targeting and application to Ghana
    schema:name "IMF working paper ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/552495609#Topic/banks_and_banking_central_ghana_econometric_models> # Banks and banking, Central--Ghana--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85011647> ;
    schema:name "Banks and banking, Central--Ghana--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/552495609#Topic/inflation_finance_ghana_econometric_models> # Inflation (Finance)--Ghana--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85066112> ;
    schema:name "Inflation (Finance)--Ghana--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/1208741> # Ghana.
    a schema:Place ;
    schema:name "Ghana." ;
    .

<http://id.worldcat.org/fast/827041> # Banks and banking, Central--Econometric models
    a schema:Intangible ;
    schema:name "Banks and banking, Central--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/972453> # Inflation (Finance)--Econometric models
    a schema:Intangible ;
    schema:name "Inflation (Finance)--Econometric models"@en ;
    .

<http://viaf.org/viaf/145411104> # Bank of Ghana.
    a schema:Organization ;
    schema:name "Bank of Ghana." ;
    .

<http://viaf.org/viaf/147860995> # International Monetary Fund,
    a schema:Organization ;
    schema:name "International Monetary Fund," ;
    .

<http://viaf.org/viaf/76130302> # Ali Alichi
    a schema:Person ;
    schema:familyName "Alichi" ;
    schema:givenName "Ali" ;
    schema:name "Ali Alichi" ;
    .

<http://worldcat.org/isbn/9781451962444>
    a schema:ProductModel ;
    schema:isbn "1451962444" ;
    schema:isbn "9781451962444" ;
    .

<http://www.worldcat.org/oclc/643078569>
    a schema:CreativeWork ;
    rdfs:label "Model for full-fledged inflation targeting and application to Ghana." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/763078507> ; # A model for full-fledged inflation targeting and application to Ghana
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.