{"id":"https://openalex.org/W4239969672","doi":"https://doi.org/10.1007/978-3-642-02953-0_3","title":"The Case for Forecast Targeting as a Monetary Policy Strategy","display_name":"The Case for Forecast Targeting as a Monetary Policy Strategy","publication_year":2009,"publication_date":"2009-12-01","ids":{"openalex":"https://openalex.org/W4239969672","doi":"https://doi.org/10.1007/978-3-642-02953-0_3"},"language":"en","primary_location":{"id":"doi:10.1007/978-3-642-02953-0_3","doi":"https://doi.org/10.1007/978-3-642-02953-0_3","is_oa":false,"landing_page_url":"https://doi.org/10.1007/978-3-642-02953-0_3","pdf_url":null,"source":{"id":"https://openalex.org/S4306463937","display_name":"Springer eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Science and Practice of Monetary Policy Today","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W2488412533","display_name":"The Science and Practice of Monetary Policy Today"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072791098","display_name":"Michael Woodford","orcid":"https://orcid.org/0000-0001-5485-5280","observed_orcids":["https://orcid.org/0000-0001-5485-5280"]},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Michael Woodford","raw_affiliation_strings":["Department of Economics, Columbia University, 420 W. 118th Street, New York, NY, 10027, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Columbia University, 420 W. 118th Street, New York, NY, 10027, USA","institution_ids":["https://openalex.org/I78577930"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5072791098"],"corresponding_institution_ids":["https://openalex.org/I78577930"],"apc_list":null,"apc_paid":null,"fwci":7.3027,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.96957566,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"23","last_page":"40"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11918","display_name":"Forecasting Techniques and Applications","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-forecast-targeting","display_name":"inflation forecast targeting","score":0.8659999966621399},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.8050000071525574},{"id":"https://openalex.org/keywords/central-bank-communication","display_name":"central bank communication","score":0.8550000190734863},{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.4390000104904175},{"id":"https://openalex.org/keywords/interest-rate-policy","display_name":"interest rate policy","score":0.7110000252723694},{"id":"https://openalex.org/keywords/central-bank-forecasts","display_name":"central bank forecasts","score":0.621999979019165}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6996876001358032},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.6601467132568359},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6194321513175964},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.5943731069564819},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5134552121162415},{"id":"https://openalex.org/C202655504","wikidata":"https://www.wikidata.org/wiki/Q16556980","display_name":"Forward guidance","level":5,"score":0.4270571768283844},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.41785457730293274},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3972947299480438},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.3234806954860687},{"id":"https://openalex.org/C88583849","wikidata":"https://www.wikidata.org/wiki/Q5183768","display_name":"Credit channel","level":4,"score":0.09523618221282959},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1007/978-3-642-02953-0_3","doi":"https://doi.org/10.1007/978-3-642-02953-0_3","is_oa":false,"landing_page_url":"https://doi.org/10.1007/978-3-642-02953-0_3","pdf_url":null,"source":{"id":"https://openalex.org/S4306463937","display_name":"Springer eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Science and Practice of Monetary Policy Today","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals","score":0.4000000059604645}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":32,"referenced_works":["https://openalex.org/W1485033003","https://openalex.org/W1496234559","https://openalex.org/W1496834594","https://openalex.org/W1525811734","https://openalex.org/W1535363174","https://openalex.org/W1887394597","https://openalex.org/W2025823513","https://openalex.org/W2059531110","https://openalex.org/W2081217212","https://openalex.org/W2084962322","https://openalex.org/W2090766058","https://openalex.org/W2106742651","https://openalex.org/W2127191371","https://openalex.org/W2140898820","https://openalex.org/W2144395073","https://openalex.org/W2149551381","https://openalex.org/W2151748264","https://openalex.org/W2169417293","https://openalex.org/W2171440378","https://openalex.org/W2185294450","https://openalex.org/W2744405968","https://openalex.org/W3121995973","https://openalex.org/W3122315136","https://openalex.org/W3122419152","https://openalex.org/W3123136451","https://openalex.org/W3124089905","https://openalex.org/W3124603205","https://openalex.org/W3125870738","https://openalex.org/W4298863114","https://openalex.org/W6601657841","https://openalex.org/W6629464225","https://openalex.org/W6751116865"],"related_works":["https://openalex.org/W7099768653","https://openalex.org/W2046990000","https://openalex.org/W2059531110","https://openalex.org/W3121570949","https://openalex.org/W2737305655","https://openalex.org/W7096068404","https://openalex.org/W3122270349","https://openalex.org/W2146230246","https://openalex.org/W16709615","https://openalex.org/W3123652394"],"abstract_inverted_index":null,"counts_by_year":[{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2022-05-12T00:00:00"}
