Inflation Forecast Targeting for India is popular PDF and ePub book, written by Mr.Jaromir Benes in 2017-02-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Inflation Forecast Targeting for India can be Read Online from any device for your convenience.
Inflation Forecast Targeting for India Book PDF Summary
India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other countries that adopted FIT to bring out insights on how credible policy with an emphasis on a strong nominal anchor can reduce the impact of supply shocks and improve macroeconomic stability. For illustrating the key issues given the unique structural characteristics of India and the policy options under an FIT framework, the paper describes an analytical framework using the core quarterly projection model (QPM). Simulations of the QPM are carried out to illustrate the monetary policy responses under different types of uncertainty and to bring out the importance of gaining credibility for improving monetary policy efficacy.
Detail Book of Inflation Forecast Targeting for India PDF
- Author : Mr.Jaromir Benes
- Release : 13 February 2017
- Publisher : International Monetary Fund
- ISBN : 9781475578690
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 8,7 Mb
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