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- W3126080410 abstract "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." @default.
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- W3126080410 date "2011-04-01" @default.
- W3126080410 modified "2023-09-27" @default.
- W3126080410 title "Towards Inflation Targeting in Sri Lanka" @default.
- W3126080410 hasPublicationYear "2011" @default.
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