Transparency of the Central Bank as an Inflation Targeting Pillar
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2017, Vol 73, Issue 2
Abstract
The paper looks at the main characteristics of transparency, communication policy and information disclosure procedures by inflation-targeting central banks around the world. The implementation of an inflation targeting strategy by a central bank involves public announcement of inflation targets and the bank’s obligation to achieve these goals. Inflation Reports have thus generally become the central element of communication policy. The article offers an evaluation of the Inflation Reports produced by 15 inflation-targeting central banks. The authors have also investigated the progress that the National Bank of Ukraine (NBU) has made in implementing a transparent and accountable monetary policy that implies the use of an appropriate set of tools supporting transparency under an inflation targeting mechanism.
Authors and Affiliations
Taras Savchenko, Alona Zakutniaia
Keywords
Related Articles
- EP ID EP224049
- DOI -
- Views 138
- Downloads 0
Cost analysis of human labour and the elimination of waste from the work standardization perspective
The starting point for definition of the costs of a product (a physical item or a service) in each company is the analysis of direct costs, and especially, the costs of material and human labour. Identification of the co...
The Participation of Wroclaw Residents in Institutionalized Forms of Recreation
This article concerns the issue of the participation of Wroclaw’s residents in recreation, with particular emphasis on physical recreation. It presents the first results of research on institutional participation. The st...
Enterprise Networking in Poland – Research Results
Abstract. In this article, the results of empirical research on company collaboration within business network are presented. Positive, as well as, negative aspects of cooperation between business network members are inve...
The Social Factors of Consumer Behaviorin the Higher Education Market
What becomes relevant in the context of increasing market-orientedness among higher education institutions is the analysis of factors affecting consumer behaviors characteristic of prospective students. The paper is focu...
Zachowania konsumenckie i specyfika codziennego życia pokolenia Digital Natives
Celem artykułu jest przedstawienie zagadnienia współczesnych pokoleń funkcjonujących w otoczeniu nowoczesnych technologii zarówno w aspekcie teoretycznym, jak i empirycznym. W części pierwszej omówiono wybrane teorie roc...