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Monetary policy issues and inflation forecasting

Production date: 21.10.2005
Printed on: 30.11.2005
Author: Bank of Albania
 

Material category

Not Periodic Publications, Working Papers
 

Short Description

Inflation forecasting is an important condition even for the monetary policy transparency, which helps in improving the effectiveness of transmission mechanism and increasing the accountability of an independent central bank. While a lot of progress has been made in terms of both theoretical and econometric models in the last decade, inflation forecasting still remains a difficult task that requires continuous efforts. At the end of the workshop entitled “Monetary policy issues and inflation forecasting”, Bank of Albania published this compendium which focuses monetary policy issues under different lights.

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