Preliminary Considerations of an Inflation Targeting Framework for the Philippines

Preliminary Considerations of an Inflation Targeting Framework for the Philippines
Monetary policy in the Philippines has had multiple objectives. Moreover, shifts in money demand and the money multiplier have made base money a less reliable anchor for monetary policy. Hence, on present policies, a steady reduction in inflation is not assured, and changes to the monetary policy framework should be considered. This paper... READ MORE...

Publication date: March 1998
ISBN 9781451845808
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