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frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …
Persistent link: https://www.econbiz.de/10009369451
anti-inflation policy that has led to a sharp decline in inflation. To institute a monetary policy framework, a nominal … currency in circulation, conduct more sophisticated tests to assess the relationship between inflation and the monetary …
Persistent link: https://www.econbiz.de/10011242840
's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on …
Persistent link: https://www.econbiz.de/10005826499
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT …
Persistent link: https://www.econbiz.de/10005264004
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
for a gradual transition to full-fledged inflation targeting (FFIT) in both countries in the medium term. The implications …
Persistent link: https://www.econbiz.de/10005605196
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level. …
Persistent link: https://www.econbiz.de/10005769262
The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization … the time inflation targeting was introduced and reduced levels of dollarization were observed. Results from introducing a …
Persistent link: https://www.econbiz.de/10008777023
policy, with much progress having been made over the last decade. The paper highlights that the adoption of an inflation …
Persistent link: https://www.econbiz.de/10011244992
The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery …
Persistent link: https://www.econbiz.de/10011243170