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Abstract Many central banks set inflation targets over the medium term and inflation projections are a key input for monetary policy decision making. In this paper, we present the procedures… Click to show full abstract
Abstract Many central banks set inflation targets over the medium term and inflation projections are a key input for monetary policy decision making. In this paper, we present the procedures used by the Spanish Central Bank staff to project consumer price inflation. We also provide some illustrations of their policy uses, such as fan charts, deflation probabilities and the monitoring of inflation targets.
Keywords:
inflation projections;
monetary policy;
policy decision;
inflation;
decision making;
policy
Journal Title: Journal of Policy Modeling
Year Published: 2019
Link to full text (if available)
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Journal Title: Journal of Policy Modeling
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!