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Is inflation targeting an appropriate framework for monetary policy? : experience from the inflation-targeting countries

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dc.contributor.advisor Odhiambo, N. M.(Prof.) en
dc.contributor.author Maumela, Patrick Konanani en
dc.date.accessioned 2011-10-05T07:23:06Z
dc.date.available 2011-10-05T07:23:06Z
dc.date.issued 2010-08
dc.date.submitted 2011-10-05
dc.identifier.uri http://hdl.handle.net/10500/4892
dc.description.abstract Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend. The international literature review of the topic offers lessons to be learnt from the common experience of the countries considered. It shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning monetary policy a larger role than that which it can perform; a danger of expecting monetary policy to accomplish tasks that it cannot achieve; and a danger of preventing monetary policy from making the contribution that it is capable of doing. Therefore, inflation targeting cannot address all the macroeconomic problems that face many countries, except for inflation. Nonetheless, it plays a crucial role in improving macroeconomic performance. en
dc.format.extent 1 online resource (xvii, 283 leaves) : ill. en
dc.language.iso en en
dc.subject Monetary-policy frameworks en
dc.subject Inflation targeting en
dc.subject Price stability en
dc.subject Inflation rates en
dc.subject Emerging-market economies en
dc.subject Industrialised countries en
dc.subject Interest rates en
dc.subject Economic growth en
dc.subject.ddc 332.46
dc.subject.lcsh Monetary policy -- Evaluation en
dc.subject.lcsh Inflation-targeting en
dc.subject.lcsh Inflation (Finance) en
dc.title Is inflation targeting an appropriate framework for monetary policy? : experience from the inflation-targeting countries en
dc.type Dissertation en
dc.description.department Economics en
dc.description.degree M.A. (Economics) en


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