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The paper discusses the economic developments and policies in Sri Lanka in recent years. Substantial adjustments in energy prices and operational and financial reforms have helped to improve the performance of state owned enterprises (SOEs) and have reduced the burden on the budget and the...
Persistent link: https://www.econbiz.de/10011245489
for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …
Persistent link: https://www.econbiz.de/10008528707
Against the backdrop of generally sound policies and abundant natural resources, Lao P.D.R. has made impressive progress in developing its economy and reducing poverty. The key challenge going forward is to ensure that economic policy frameworks stay ahead of the curve to achieve sustainable and...
Persistent link: https://www.econbiz.de/10011245701
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10011142009
between increased central bank independence and inflation during 1999–2001 in 14 Latin American countries. Dissagregating the … between legal central bank independence and inflation. …
Persistent link: https://www.econbiz.de/10005263781
We develop a DSGE model with a banking sector to analyze the impact of the financial crisis on Zambia and the role of the monetary policy response. We view the crisis as a combination of three related shocks: a worsening in the terms of the trade, an increase in the country’s risk...
Persistent link: https://www.econbiz.de/10011242423
, and private sector credit are the main determinants of inflation after the secession of South Sudan and that the …
Persistent link: https://www.econbiz.de/10011243330
This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient instruments for short-term liquidity management. The...
Persistent link: https://www.econbiz.de/10011243706
This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the "facts on the ground" and "methodological...
Persistent link: https://www.econbiz.de/10010790377
Despite the difficult global environment, economic growth in Mozambique has remained buoyant. Inflation has come down …
Persistent link: https://www.econbiz.de/10011243138