Inflation Targeting Lite' in Small Open Economies : The Case of Mauritius

The Case of Mauritius

Inflation Targeting Lite' in Small Open Economies : The Case of Mauritius
This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been associated with a general reduction in inflation, principally through a reduction in inflation expectations.... READ MORE...

Publication date: September 2005
ISBN 9781451861914
$15.00

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