Inflation Targeting : What is the Meaning of the Bottom of the Band?

What is the Meaning of the Bottom of the Band?

Inflation Targeting : What is the Meaning of the Bottom of the Band?
This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done with care, can lead to a lack of transparency, potentially confusing markets about how the authorities will react to a fall in inflation. After first discussing the conceptual... READ MORE...

Publication date: December 1999
ISBN 9781451970906
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