Verfügbarkeit: Preliminary Considerations of an Inflation Targeting Framework for the Philippines

Preliminary Considerations of an Inflation Targeting Framework for the Philippines:

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 fr...

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1. Verfasser:	Lim, G. C. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1998
Schriftenreihe:	IMF Working Papers Working Paper No. 98/39
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (30 p)
ISBN:	1451845804 9781451845808

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spelling	Lim, G. C. Verfasser aut Preliminary Considerations of an Inflation Targeting Framework for the Philippines Lim, G. C Washington, D.C International Monetary Fund 1998 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/39 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 Online-Ausg Debelle, Guy Sonstige oth http://elibrary.imf.org/view/IMF001/05386-9781451845808/05386-9781451845808/05386-9781451845808.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Lim, G. C. Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title	Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title_auth	Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title_exact_search	Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title_exact_search_txtP	Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title_full	Preliminary Considerations of an Inflation Targeting Framework for the Philippines Lim, G. C
title_fullStr	Preliminary Considerations of an Inflation Targeting Framework for the Philippines Lim, G. C
title_full_unstemmed	Preliminary Considerations of an Inflation Targeting Framework for the Philippines Lim, G. C
title_short	Preliminary Considerations of an Inflation Targeting Framework for the Philippines
title_sort	preliminary considerations of an inflation targeting framework for the philippines
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