Preliminary Considerations Of An Inflation Targeting Framework For The Philippines

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Preliminary Considerations Of An Inflation Targeting Framework For The Philippines

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Author : Ms.G. C. Lim
language : en
Publisher: International Monetary Fund
Release Date : 1998-03-01

Preliminary Considerations Of An Inflation Targeting Framework For The Philippines written by Ms.G. C. Lim and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-03-01 with Business & Economics categories.

Monetary policy in the Philippines has had multiple objectives. Moreover, shifts in money demand and the money multiplier have made base money a less reliable anchor for monetary policy. Hence, on present policies, a steady reduction in inflation is not assured, and changes to the monetary policy framework should be considered. This paper reviews the benefits as well as the constraints of an inflation targeting framework and the necessary preconditions--both in terms of the institutional infrastructure and the appropriate inflation target--for its successful implementation, including the ability to forecast inflation reasonably well over policy-relevant time horizons.

Preliminary Considerations Of An Inflation Targeting Framework For The Philippines

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Author : Guy Debelle
language : en
Publisher:
Release Date : 1998

Preliminary Considerations Of An Inflation Targeting Framework For The Philippines written by Guy Debelle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Banks and banking, Central categories.

Preliminary Considerations Of An Inflation Targeting Framework For The Philippines

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Author : Guy Debelle
language : en
Publisher:
Release Date : 2006

Preliminary Considerations Of An Inflation Targeting Framework For The Philippines written by Guy Debelle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.

Monetary policy in the Philippines has had multiple objectives. Moreover, shifts in money demand and the money multiplier have made base money a less reliable anchor for monetary policy. Hence, on present policies, a steady reduction in inflation is not assured, and changes to the monetary policy framework should be considered. This paper reviews the benefits as well as the constraints of an inflation targeting framework and the necessary preconditions--both in terms of the institutional infrastructure and the appropriate inflation target--for its successful implementation, including the ability to forecast inflation reasonably well over policy-relevant time horizons.

Inflation Targeting And The Imf

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Author : International Monetary Fund. Monetary and Financial Systems Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2006-03-16

Inflation Targeting And The Imf written by International Monetary Fund. Monetary and Financial Systems Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-16 with Business & Economics categories.

Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting countries to review the implications for the Fund’s approach to surveillance, technical assistance, and the design of conditionality in Fund-supported programs. For this examination, the paper uses macroeconomic data, technical assistance reports, and a new survey of central banks in selected emerging markets.

Imf Staff Papers Volume 45 No 2

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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1998-01-01

Imf Staff Papers Volume 45 No 2 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.

This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.

Is Poland Ready For Inflation Targeting

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Author : Mr.Robert F. Westcott
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01

Is Poland Ready For Inflation Targeting written by Mr.Robert F. Westcott and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.

Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitivity of these CPI measures to changes in a set of 25 policy and economic variables is then studied via Granger causality tests and impulse responses and a multivariate model of CPI inflation developed. The results show that a core set of variables characterize one-period-ahead underlying inflation moderately well but that statistical linkages are not yet robust.

New Econometric Modelling Research

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Author : William N. Toggins
language : en
Publisher: Nova Publishers
Release Date : 2008

New Econometric Modelling Research written by William N. Toggins and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.

Econometric models are used by economists to find standard relationships among aspects of the macroeconomy and use those relationships to predict the effects of certain events (like government policies) on inflation, unemployment, growth, etc... Econometric models generally have a short-run aggregate supply component with fixed prices, and aggregate demand portion, and a potential output component. Two famous econometric models are the Federal Reserve Bank econometric model and the DRI-WEFA model. This book presents new and important research in this field.

Monetary Policy Frameworks In A Global Context

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Author : Lavan Mahadeva
language : en
Publisher: Routledge
Release Date : 2012-11-12

Monetary Policy Frameworks In A Global Context written by Lavan Mahadeva and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.

This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journal

Central Banks And Monetary Policies

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Author : Felix Lessambo
language : en
Publisher: Ethics International Press
Release Date : 2024-05-14

Central Banks And Monetary Policies written by Felix Lessambo and has been published by Ethics International Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-14 with Business & Economics categories.

This book provides a uniquely comprehensive and detailed analysis of central banks within the G-20. It discusses their policies and functions in detail. Central banks use monetary policy to manage economic fluctuations and achieve price stability. Monetary policy is the control of the quantity of money available in an economy and the channels by which new money is supplied. Monetary policy is implemented either (i) through interest rate policy, whereby the central bank influences financial conditions by setting, or closely controlling, a short-term rate and by steering expectations about the interest rate forward, or (ii) through balance sheet policy, whereby the central bank influences financial conditions beyond the short-term rate by adjusting its balance sheet. Inflation targeting has emerged as the leading framework for monetary policy. Since the 1990s, the role of the interest rate has increased, and many countries are using inflation targeting to achieve the aims of their monetary policy. Central banks around the globe, and within the G-20, have introduced explicit inflation targets. Though a central bank cannot directly control inflation, or the factors that determine inflation, it does have the tools needed to directly affect a group of nominal variables, that in turn have an impact on the determinants of inflation. Moreover, most major central banks have adopted unconventional monetary policies to stabilize financial conditions, boost economic activity, and maintain price stability. Last but not least, financial and monetary policies have become increasingly international, involving trade-offs between domestic and foreign interests. The response to cross-border financial crises requires the close cooperation of multiple jurisdictions. The book is a key reference text for researchers, teachers and students in banking, economic policy, and government worldwide.

Sri Lanka

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1999-12-10

Sri Lanka written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-10 with Business & Economics categories.

This paper reviews economic and policy developments in Sri Lanka during 1996–98. Despite the slowdown in world trade and economic growth, Sri Lanka’s economy grew in 1998 at close to its historic average rate. The recorded 43⁄4 percent growth in real GDP was lower than 1997 when the economy was recovering after a bad harvest. In the first twelve months following the outbreak of the Southeast Asian crisis, Sri Lanka was helped by reduced export competition and lower commodity prices. But by the middle of 1998, growth in Sri Lanka started to slow markedly.