izpis_h1_title_alt

The quest for price stability in Central America and the Dominican Republic
Jácome, Luis Ignacio (Avtor), Parrado, Eric (Avtor)

URLURL - Predstavitvena datoteka, za dostop obiščite http://www.imf.org/external/pubs/ft/wp/2007/wp0754.pdf Novo okno

Izvleček
This paper addresses the question of why inflation has not yet converged to price stability in Central America and the Dominican Republic and is currentlyrelatively high by Latin American standards. It suggests that despitethe institutional strengthening of monetary policy, important flaws remain in most central banks, in particular a lack of a clear policy mandate and little political autonomy, which are adversely affecting the consistency of policy implementation. Empirical analysis reveals that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability. The potential policy conflict arising from a dual central bank mandate and the unpredictable policy response is probably undermining markets' confidence in central banks' commitment to price stability, thereby perpetuating an inflation bias.

Jezik:Angleški jezik
Ključne besede:Srednja Amerika, Dominikanska republika, monetarna politika, inflacija, cena, centralne banke, Central America, Dominica, monetary policy, inflation, price, central banks
Vrsta gradiva:Delo ni kategorizirano (r6)
Organizacija:EF - Ekonomska fakulteta
Leto izida:2007
Založnik:International Monetary Fund
Št. strani:34 str.
Kraj:Washington
UDK:336.74
COBISS.SI-ID:17265382 Povezava se odpre v novem oknu
Število ogledov:398
Število prenosov:113
Metapodatki:XML RDF-CHPDL DC-XML DC-RDF
 
Skupna ocena:(0 glasov)
Vaša ocena:Ocenjevanje je dovoljeno samo prijavljenim uporabnikom.
:
Objavi na: Bookmark and Share

Podobna dela

Podobna dela v RUL:
Podobna dela v drugih slovenskih zbirkah:

Komentarji

Dodaj komentar

Za komentiranje se morate prijaviti.

Komentarji (0)
0 - 0 / 0
 
Ni komentarjev!

Nazaj