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Is Inflation targeting a viable option in developing countries

 

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  • Product Description
 

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.

Product Specifications
SKU :COC37236
AuthorDumisani Hompashe
LanguageEnglish
BindingPaperback
Number of Pages100
Publishing Year2010-09-03T00:00:00.000
ISBN978-3838350226
Edition1 st
Book TypeInternational economics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-31 00:00:00