Towards Inflation Targeting in Sri Lanka /

This paper develops a practical model-based forecasting and policy analysis system (FPAS) to support a transition to an inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good forecast for inflation and a framework to evaluate policy trade-offs. The model simulati...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Ding, Ding
Άλλοι συγγραφείς: Anand, Rahul, Peiris, Shanaka
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2011.
Σειρά:IMF Working Papers; Working Paper ; No. 2011/081
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a Towards Inflation Targeting in Sri Lanka /  |c Ding Ding, Rahul Anand, Shanaka Peiris. 
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520 3 |a This paper develops a practical model-based forecasting and policy analysis system (FPAS) to support a transition to an inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good forecast for inflation and a framework to evaluate policy trade-offs. The model simulations suggest that an open-economy inflation targeting rule can reduce macroeconomic volatility and anchor inflationary expectations given the size and type of shocks faced by the economy. Sri Lanka could aim to target a broad inflation range initially due to its susceptibility supply-side shocks while enhancing exchange rate flexibility and strengthening the effectiveness of monetary policy in the transition to an inflation forecast targeting regime. 
538 |a Mode of access: Internet 
700 1 |a Anand, Rahul. 
700 1 |a Peiris, Shanaka. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2011/081 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2011/081/001.2011.issue-081-en.xml  |z IMF e-Library