Title Philippines : preparations for inflation targeting / Piyabha Kongsamut

Published [Washington, D.C.] : International Monetary Fund, Asia and Pacific Dept., ©2001

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Description 1 online resource (19 pages) : illustrations Series IMF working paper ; WP/01/99 IMF working paper ; WP/01/99. Summary 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 presents an empirical analysis of the factors driving inflation. Among the key policy requirements, while central bank independence appears assured, the exchange rate has been allowed to fluctuate largely freely, and the authorities are embarking on a medium-term plan for fiscal consolidation. Empirical results suggest that the effective exchange rate (rather than a bilateral rate) and wages are important long-run influences on inflation Bibliography Includes bibliographical references (page 16) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Inflation (Finance) -- Philippines -- Econometric models Anti-inflationary policies -- Philippines -- Econometric models Monetary policy -- Philippines -- Econometric models Anti-inflationary policies -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models. Philippines. Form Electronic book Author International Monetary Fund. Asia and Pacific Department. ISBN 1451852274 9781451852271

Other Titles Philippines, preparations for inflation targeting

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