An Inflation Targeting Framework for Italy |
Common terms and phrases
1-4 percent range affects inflation announced authorities Bank of Canada Bank of Italy bank's based on inflation build credibility clearly-specified goal CPI inflation credibility more quickly credit aggregates deviations disinflation DPEF economy effects of monetary ERM in September exchange rate explicit Finland fiscal adjustment forecast inflation formal central bank formal framework formal inflation formal monetary framework goal of monetary greater transparency high-debt environment horizon implies incomes policy INDIANA UNIVERSITY indirect taxes information variables intermediate target issue Italian monetary policy July 1993 agreement krona mandate for price medium term monetarist arithmetic monetary framework based money and credit money demand monitoring ranges official inflation forecasts official inflation targets officially targeted inflation policy-making cycle price stability quarterly Inflation Report reference levels Reserve Bank RPIX second PTA set for average specify Tabellini 1993 target for reasons target range Targeting to Italy transparency in monetary United Kingdom unpleasant monetarist variables would consist Visco Zealand