What Measure of Inflation Should a Developing Country Central Bank Target is popular PDF and ePub book, written by Rahul Anand in 2015-09-23, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, What Measure of Inflation Should a Developing Country Central Bank Target can be Read Online from any device for your convenience.
What Measure of Inflation Should a Developing Country Central Bank Target Book PDF Summary
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained and the share of food expenditures in total consumption expenditures is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting improves welfare outcomes. We also compute the optimal price index, which includes a positive weight on food prices but, unlike headline inflation, assigns zero weight to import prices.
Detail Book of What Measure of Inflation Should a Developing Country Central Bank Target PDF
- Author : Rahul Anand
- Release : 23 September 2015
- Publisher : International Monetary Fund
- ISBN : 9781513572574
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 10,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book What Measure of Inflation Should a Developing Country Central Bank Target by Rahul Anand, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.