Munich Personal RePEc Archive

A proposal for the inflation targeting communication strategy of the Bank of Albania

Nervaj, Erinda and Kaso, Rigers and Kraja, Ina and Lama, Doriana and Peeters, Marga (2006): A proposal for the inflation targeting communication strategy of the Bank of Albania. Published in: Inflation Targeting 2 Round Table (16. July 2007): pp. 151-191.

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Abstract

This Discussion Paper defines the Communication Strategy for Inflation Targeting of the Central Bank of Albania as the objective of increasing and reaching the (full) awareness of the public on monetary policy issues, in general, and Inflation Targeting, in particular. The Paper distinguishes between the period before and after the official launch of this monetary policy framework in discussing the tactics of this strategy. A gradual launch of IT is proposed and an intensive dialogue of the central bank with the different target groups in the society on promoting price stability as a necessary condition for a sustainable economic growth. The Paper further proposes the monitoring of the public’s perception for steering its policy better. It unfolds furthermore the BoA’s plans for the next two years.

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