TY - BOOK ID - 84657402 TI - The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road AU - Laurens, Bernard. AU - Durré, Alain. AU - Eckhold, Kelly. AU - King, Darryl. AU - Maehle, Nils. AU - Naseer, Abdul. PY - 2015 SN - 1513540734 151354084X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and banking, Central. KW - Inflation targeting. KW - Monetary policy. KW - Banks and Banking KW - Inflation KW - Money and Monetary Policy KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Price Level KW - Deflation KW - Interest Rates: Determination, Term Structure, and Effects KW - Monetary Policy KW - Monetary economics KW - Banking KW - Macroeconomics KW - Finance KW - Monetary base KW - Monetary aggregates KW - Short term interest rates KW - Money KW - Prices KW - Inflation targeting KW - Monetary policy KW - Monetary policy frameworks KW - Money supply KW - Banks and banking KW - Interest rates KW - Papua New Guinea UR - https://www.unicat.be/uniCat?func=search&query=sysid:84657402 AB - Countries with evolving monetary regimes that decide to embark on “the Journey to inflation targeting” may not be able to adopt a full-fledged inflation targeting regime immediately. Those countries would be better off adopting transitional arrangements that take advantage of the informational content of monetary aggregates, developing an economic analysis capacity, and concentrating on monetay operations aimed at steering money market interest rates. This approach would allow the central bank to buy time for developing the building blocks for effective monetary policy, support transparent central bank communication, and limit the potential for undesirable outcomes along the road. ER -