Artikel
Towards full-fledged inflation targeting monetary policy regime in Mauritius
An increasing number of emerging and developing countries have adopted or are transitioning towards full-fledged inflation targeting (FFIT) as the main monetary policy framework to anchor inflation. In this paper, we explore the FFIT regime as a means for Mauritius to achieve stable inflation, anchor inflationary expectations and establish credibility in committing monetary policy towards price stability as its primary goal. This paper reviews and highlights issues experienced with the current monetary policy framework and the challenges in transitioning towards FFIT. Given that forecasting is central to FFIT, we develop a practical model-based forecasting and policy analysis system (FPAS) to support transition to FFIT, taking into account structural features and shocks that are specific to the Mauritius economy.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 3 ; Pages: 1-18 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
Model Construction and Estimation
Price Level; Inflation; Deflation
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy
Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications
Fiscal and Monetary Policy in Development
- Thema
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forecasting
inflation targeting
Mauritius
monetary transmission mechanism
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Madhou, Ashwin
Sewak, Tayushma
Moosa, Imad A.
Ramiah, Vikash
Gerth, Florian
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2021
- DOI
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doi:10.3390/jrfm14030126
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Madhou, Ashwin
- Sewak, Tayushma
- Moosa, Imad A.
- Ramiah, Vikash
- Gerth, Florian
- MDPI
Entstanden
- 2021
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