'Inflation targeting lite' in small open economies: the case of Mauritius
This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius'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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
[Washington, DC]
Internat. Monetary Fund
2005
|
| Schriftenreihe: | IMF working paper
2005,172 |
| Schlagworte: | |
| Zusammenfassung: | This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius'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 exchange rate targeting towards inflation targeting. By estimating a model in which the yield curve is modeled explicitly we are able to obtain estimates of inflation expectations. |
| Beschreibung: | 24 S. graph. Darst. |
Internformat
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| 490 | 1 | |a IMF working paper |v 2005,172 | |
| 520 | 3 | |a This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius'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 exchange rate targeting towards inflation targeting. By estimating a model in which the yield curve is modeled explicitly we are able to obtain estimates of inflation expectations. | |
| 650 | 4 | |a Anti-inflationary policies |z Mauritius | |
| 650 | 4 | |a Banks and banking, Central |z Mauritius | |
| 650 | 4 | |a Foreign exchange rates |z Mauritius | |
| 650 | 4 | |a Inflation (Finance) |z Mauritius | |
| 650 | 4 | |a Monetary policy |z Mauritius | |
| 700 | 1 | |a Yao, James Yudong |e Verfasser |4 aut | |
| 830 | 0 | |a IMF working paper |v 2005,172 |w (DE-604)BV009882921 |9 2005,172 | |
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Datensatz im Suchindex
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| author | Porter, Nathan Yao, James Yudong |
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| id | DE-604.BV021274212 |
| illustrated | Illustrated |
| index_date | 2024-07-02T13:45:26Z |
| indexdate | 2024-07-09T20:34:25Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014595293 |
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| physical | 24 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Internat. Monetary Fund |
| record_format | marc |
| series | IMF working paper |
| series2 | IMF working paper |
| spelling | Porter, Nathan Verfasser aut 'Inflation targeting lite' in small open economies the case of Mauritius Nathan Porter and James Yudong Yao [Washington, DC] Internat. Monetary Fund 2005 24 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier IMF working paper 2005,172 This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius'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 exchange rate targeting towards inflation targeting. By estimating a model in which the yield curve is modeled explicitly we are able to obtain estimates of inflation expectations. Anti-inflationary policies Mauritius Banks and banking, Central Mauritius Foreign exchange rates Mauritius Inflation (Finance) Mauritius Monetary policy Mauritius Yao, James Yudong Verfasser aut IMF working paper 2005,172 (DE-604)BV009882921 2005,172 |
| spellingShingle | Porter, Nathan Yao, James Yudong 'Inflation targeting lite' in small open economies the case of Mauritius IMF working paper Anti-inflationary policies Mauritius Banks and banking, Central Mauritius Foreign exchange rates Mauritius Inflation (Finance) Mauritius Monetary policy Mauritius |
| title | 'Inflation targeting lite' in small open economies the case of Mauritius |
| title_auth | 'Inflation targeting lite' in small open economies the case of Mauritius |
| title_exact_search | 'Inflation targeting lite' in small open economies the case of Mauritius |
| title_exact_search_txtP | 'Inflation targeting lite' in small open economies the case of Mauritius |
| title_full | 'Inflation targeting lite' in small open economies the case of Mauritius Nathan Porter and James Yudong Yao |
| title_fullStr | 'Inflation targeting lite' in small open economies the case of Mauritius Nathan Porter and James Yudong Yao |
| title_full_unstemmed | 'Inflation targeting lite' in small open economies the case of Mauritius Nathan Porter and James Yudong Yao |
| title_short | 'Inflation targeting lite' in small open economies |
| title_sort | inflation targeting lite in small open economies the case of mauritius |
| title_sub | the case of Mauritius |
| topic | Anti-inflationary policies Mauritius Banks and banking, Central Mauritius Foreign exchange rates Mauritius Inflation (Finance) Mauritius Monetary policy Mauritius |
| topic_facet | Anti-inflationary policies Mauritius Banks and banking, Central Mauritius Foreign exchange rates Mauritius Inflation (Finance) Mauritius Monetary policy Mauritius |
| volume_link | (DE-604)BV009882921 |
| work_keys_str_mv | AT porternathan inflationtargetingliteinsmallopeneconomiesthecaseofmauritius AT yaojamesyudong inflationtargetingliteinsmallopeneconomiesthecaseofmauritius |