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Preliminary Considerations of an Inflation Targeting Framework for the Philippines1

Preliminary Considerations of an Inflation Targeting Framework for the Philippines1 »

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

Volume/Issue: 1998/39

Series: IMF Working Papers

Author(s): G. Lim , and Guy Debelle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451845808

Keywords: inflation, monetary policy, central bank, inflation target, inflation targeting

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,...

Clarity of Central Bank Communication About Inflation

Clarity of Central Bank Communication About Inflation »

Source: Clarity of Central Bank Communication About Inflation

Volume/Issue: 2012/9

Series: IMF Working Papers

Author(s): Ales Bulir , David-Jan Jansen , and Martin Cihak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931148

Keywords: communication, clarity, central bank, inflation target,

This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the clarity of communicat...

Central Bank Independence and Transparency

Central Bank Independence and Transparency »

Source: Central Bank Independence and Transparency : Evolution and Effectiveness

Volume/Issue: 2008/119

Series: IMF Working Papers

Author(s): Christopher Crowe , and Ellen Meade

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869798

Keywords: inflation, central bank, inflation targeting, monetary fund

This paper examines the current level of central bank independence (CBI) and transparency in a broad sample of countries using newly constructed measures, and looks at the evolution in both measures from an earlier...

Philippines

Philippines »

Source: Philippines : Preparations for Inflation Targeting

Volume/Issue: 2001/99

Series: IMF Working Papers

Author(s): Piyabha Kongsamut

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451852271

Keywords: inflation targeting, inflation modeling, inflation, inflation target, central bank, Multiple or Simultaneous Equation Models: Time-Series Models, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation, Targeting,

The Philippines is planning to shift toward adoption of an inflation targeting framework in 2001. This paper reviews key policy issues in this context, describes various operational and technical preparations, and...

Inflation Targeting Lite1

Inflation Targeting Lite1 »

Source: Inflation Targeting Lite

Volume/Issue: 2003/12

Series: IMF Working Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451842920

Keywords: Monetary policy framework, central bank, inflation, inflation target,

Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emer...

Writing Clearly

Writing Clearly »

Source: Writing Clearly : ECB's Monetary Policy Communication

Volume/Issue: 2008/252

Series: IMF Working Papers

Author(s): Martin Cihak , Katerina Smídková , and Ales Bulir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2008

ISBN: 9781451871104

Keywords: Communication, inflation, central bank, inflation forecasts, inflation target,

The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written com...

Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands

Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands »

Source: Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands

Volume/Issue: 2012/176

Series: IMF Working Papers

Author(s): Shanaka Peiris , and Ding Ding

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505245

Keywords: exchange rate, inflation, exchange rate targeting, monetary transmission, And Monetary Policy,

Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmissi...

Re-Establishing Credible Nominal Anchors After a Financial Crisis

Re-Establishing Credible Nominal Anchors After a Financial Crisis »

Source: Re-Establishing Credible Nominal Anchors After a Financial Crisis : A Review of Recent Experience

Volume/Issue: 2003/76

Series: IMF Working Papers

Author(s): Alessandro Zanello , Mark Stone , Christopher Jarvis , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451849899

Keywords: nominal anchor, inflation, foreign exchange, central bank, inflation targeting, Studies of Particular Policy Episodes,

This paper studies the question of how to achieve monetary policy credibility and price stability after a financial crisis. We draw stylized facts and conclusions from ten recent cases: Brazil (1999); Bulgaria (199...

Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia

Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia »

Source: Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia

Volume/Issue: 2013/155

Series: IMF Working Papers

Author(s): Rina Bhattacharya

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

ISBN: 9781475554731

Keywords: monetary policy effectiveness, emerging Asian economies, nominal interest rate, money supply, price inflation, Monetary Policy (Targets, Instruments, and Effects),

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in...

A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam

A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam »

Source: A Macro-Model Approach to Monetary Policy Analysis and Forecasting for Vietnam

Volume/Issue: 2015/273

Series: IMF Working Papers

Author(s): Allan Dizioli , and Jochen M. Schmittmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2015

ISBN: 9781513595665

Keywords: Bayesian Estimation, exchange rate, interest rates, monetary policy rule, central bank, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects),

The paper develops a small New-Keynesian FPAS model for Vietnam. The model closely matches actual data from 2000-2014. We derive an optimal monetary policy rule that minimizes variability of output, inflation, and...