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150128 ||| eng |
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|a 9781455226078
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100 |
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|a Ding, Ding
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|a Towards Inflation Targeting in Sri Lanka
|c Ding Ding, Rahul Anand, Shanaka Peiris
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2011
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300 |
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|a 28 pages
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651 |
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4 |
|a Sri Lanka
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653 |
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|a Inflation
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|a Output gap
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|a Monetary economics
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|a Inflation targeting
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|a Deflation
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653 |
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|a Production
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653 |
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|a Currency
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653 |
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|a Macroeconomics: Production
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Monetary policy
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653 |
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|a Real exchange rates
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653 |
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|a Economic theory
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653 |
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|a Exchange rates
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Foreign exchange
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653 |
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|a Production and Operations Management
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700 |
1 |
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|a Anand, Rahul
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|a Peiris, Shanaka
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
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|a 10.5089/9781455226078.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2011/081/001.2011.issue-081-en.xml?cid=24791-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper develops a practical model-based forecasting and policy analysis system (FPAS) to support a transition to an inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good forecast for inflation and a framework to evaluate policy trade-offs. The model simulations suggest that an open-economy inflation targeting rule can reduce macroeconomic volatility and anchor inflationary expectations given the size and type of shocks faced by the economy. Sri Lanka could aim to target a broad inflation range initially due to its susceptibility supply-side shocks while enhancing exchange rate flexibility and strengthening the effectiveness of monetary policy in the transition to an inflation forecast targeting regime
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