Greater Monetary Policy Transparency for the G3 High quality books
Greater Monetary Policy Transparency for the G3
By:Mr. Mark R. Stone
Published on 2003-11-01 by International Monetary Fund
The experience of full-fledged inflation targeting (FFIT) countries is used here to shed light on the costs and benefits of greater monetary policy transparency for the G3. For the United States and the euro area, a hypothetical adoption of FFIT would incur a cost of less discretion while gaining the benefit of locking in a highly credible framework. The adoption of FFIT by Japan would create the risk of a further hit to credibility if policy was not able to end deflation. In practice, the G3 are already moving toward a new monetary regime that resembles FFIT in transparency, but not in accountability.
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Book ID of Greater Monetary Policy Transparency for the G3's Books is M9yTTAiUvTYC, Book which was written byMr. Mark R. Stonehave ETAG "nhauOp79Z60"
Book which was published by International Monetary Fund since 2003-11-01 have ISBNs, ISBN 13 Code is 9781451919769 and ISBN 10 Code is 145191976X
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