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Is Inflation targeting a viable option in developing countries - Couverture souple

Hompashe, Dumisani

 
9783838350226: Is Inflation targeting a viable option in developing countries
Couverture souple
ISBN 10 : 3838350227 ISBN 13 : 9783838350226
Editeur : LAP Lambert Academic Publishing, 2010

Synopsis

The distinctive features of inflation targeting include the publishing of the formal target band or point target for the rate of inflation at one or more time horizon/s and the explicit confirmation that low and steady inflation is the long-run objective of monetary policy. There are four main preconditions of inflation targeting: 1) an independent central bank that is free from fiscal and political pressures; 2) a central bank that has both the ability to forecast inflation and the capability to model inflation data; 3) the presence of fully deregulated prices and an economy that is affected by changes of commodity prices, as well as exchange rates; and 4) the presence of sound banking system and well developed capital markets. This dissertation investigates the extent to which Malawi meets the preconditions for inflation targeting. Malawi is committed to the central bank?s functional independence as well as the pursuit of prudent fiscal policy measures for the attainment of low inflation. Despite the failure to meet all the preconditions, this study recommends that Malawi should adopt an inflation-targeting framework.

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Présentation de l'éditeur

The distinctive features of inflation targeting include the publishing of the formal target band or point target for the rate of inflation at one or more time horizon/s and the explicit confirmation that low and steady inflation is the long-run objective of monetary policy. There are four main preconditions of inflation targeting: 1) an independent central bank that is free from fiscal and political pressures; 2) a central bank that has both the ability to forecast inflation and the capability to model inflation data; 3) the presence of fully deregulated prices and an economy that is affected by changes of commodity prices, as well as exchange rates; and 4) the presence of sound banking system and well developed capital markets. This dissertation investigates the extent to which Malawi meets the preconditions for inflation targeting. Malawi is committed to the central bank?s functional independence as well as the pursuit of prudent fiscal policy measures for the attainment of low inflation. Despite the failure to meet all the preconditions, this study recommends that Malawi should adopt an inflation-targeting framework.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP Lambert Academic Publishing
Date d'édition
2010
Langue
anglais
ISBN 10 
3838350227
ISBN 13 
9783838350226
Reliure
Broché
Nombre de pages
100
Coordonnées du fabricant
non disponible
Personne responsable
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