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- W2258111851 abstract "This study attempts to examine the minimum requirements for adopting an inflation targeting framework in Malawi. First, we examined four pre-requisites of an inflation targeting framework: a fairly long track record of low and stable inflation; a degree of independence; having a sole target; and the existence of a predictable and stable relationship between monetary policy and inflation outcomes. The findings indicate that while the requirement of having a sole target has been satisfied, there are still problems associated with the Reserve Bank of Malawi's independence and the existence of a stable and predictable relationship between monetary policy instruments and inflation in Malawi. Therefore, Malawi has yet to reach a stage where a fully-fledged inflation targeting framework could be incorporated into its overall strategy." @default.
- W2258111851 created "2016-06-24" @default.
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- W2258111851 date "2004-07-23" @default.
- W2258111851 modified "2023-09-23" @default.
- W2258111851 title "The Feasibility of Adopting Inflation Targeting in Malawi: An Empirical Exploration" @default.
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