| 000 | 02376nam a22003974a 4500 | ||
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| 001 | WPIEA2015170 | ||
| 003 | IMF | ||
| 005 | 20190405183141.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s2015 dcu o i00 0 eng d | ||
| 020 |
_a1513501704 : _c18.00 USD |
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| 020 | _z9781513501703 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781513501703.001 _2doi |
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| 035 | _a(IMF)WPIEA2015170 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aPortillo, Rafael. | |
| 245 | 1 | 2 |
_aA Model for Monetary Policy Analysis in Uruguay _h[electronic resource] / _cRafael Portillo. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2015. |
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| 300 | _a1 online resource (29 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 15/170 |
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| 520 | 3 | _aUruguay has recently reverted to a money targeting (MT) framework in the context of a disinflation strategy. We develop a quantitative model for monetary policy analysis incorporating money targets in the policy framework while also retaining a central role for interest rates in the transmission of policy. We use the model to show that tight financial conditions for a period may be necessary for inflation to converge to the middle of the target band. We also discuss various aspects of the MT framework. Two issues stand out. Excessive focus on hitting money targets can result in undesirable changes in the policy stance; while targets that incorporate elements of money demand forecasting are superior to targets that are excessively smooth or do not adjust for base effects. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aDemand _2imf |
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| 650 | 7 |
_aFiscal and Monetary Policy in Development _2imf |
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| 650 | 7 |
_aForecasting and Simulation _2imf |
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| 650 | 7 |
_aInflation _2imf |
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| 650 | 7 |
_aInterest Rates _2imf |
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| 650 | 7 |
_aMonetary Policy (Targets, Instruments, and Effects) _2imf |
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| 651 | 7 |
_aUruguay _2imf |
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| 700 | 1 | _aUstyugova, Yulia. | |
| 776 | 0 | 8 |
_iPrint Version: _aPortillo, Rafael. _tA Model for Monetary Policy Analysis in Uruguay _dWashington, D.C. : International Monetary Fund, 2015. _z9781513501703 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 15/170 |
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| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/22710-9781513501703/22710-9781513501703/22710-9781513501703.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781513501703 _zIMF Book Store |
| 999 |
_c159369 _d159369 |
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