In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting has proven to be ineffective due to the composition of reserve money, structural liquidity deficit, and higher instability of the money multiplier after 2010. Exchange rate...

We examine the effectiveness of monetary policy transmission mechanism in Ghana using several of statistical and econometric techniques for the period 2002M1 - 2014M12. We find monetary policy rate (MPR) to be quite effective in signaling the money market interest rates in both the short run and...

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Das vorliegende Arbeitspapier untersucht, auf welche Art die polnische Regierung das Problem der Inflation zu behandeln versucht. Durch eine Reduktion der fiskalpolitischen Dominanz und härtere Budget-Richtlinien ist Polen seinem Ziel schon deutlich näher gekommen. Dies schlägt sich auch auf...