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150128 ||| eng |
020 |
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|a 9781451852271
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100 |
1 |
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|a Kongsamut, Piyabha
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245 |
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|a Philippines
|b Preparations for Inflation Targeting
|c Piyabha Kongsamut
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2001
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300 |
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|a 20 pages
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651 |
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4 |
|a United States
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653 |
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|a Monetary Policy
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653 |
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|a Dynamic Treatment Effect Models
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653 |
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|a Time-Series Models
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653 |
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|a Prices, Business Fluctuations, and Cycles: Forecasting and Simulation
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653 |
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|a Foreign Exchange
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653 |
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|a Inflation targeting
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653 |
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|a Consumer price indexes
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653 |
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|a Nominal effective exchange rate
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653 |
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|a Currency
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653 |
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|a State Space Models
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653 |
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|a Monetary policy
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653 |
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|a Diffusion Processes
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653 |
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|a Exchange rates
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653 |
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|a Price indexes
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653 |
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|a Prices
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653 |
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|a Deflation
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653 |
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|a Monetary economics
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653 |
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|a Inflation
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653 |
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|a Money and Monetary Policy
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653 |
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|a Dynamic Quantile Regressions
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653 |
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|a Macroeconomics
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653 |
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|a Foreign exchange
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653 |
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|a Price Level
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041 |
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|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2001/099/001.2001.issue-099-en.xml?cid=15250-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a 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
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