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MONETARY POLICY AND INFLATION TARGETING IN A SMALL OPEN ECONOMY

Economic Journal of Emerging Markets

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Title MONETARY POLICY AND INFLATION TARGETING IN A SMALL OPEN ECONOMY
 
Creator Antoni, Antoni
 
Description The danger of inflation has been the focus of many central banks. This paper analyzes the transmission mechanism of monetary policy and inflation targeting in Malaysia with a backward-looking aggregate supply and demand analysis. The manage floating regime applied in the country has an important role in achieving a stable exchange rate against its major trading partners. It also analyzes the policy of maintaining the soundness of interest rate to perceive inflation targeting to increase its economic growth. Using 1991-2004 data and a traditional structural econometric model, it shows that output gap is important in forecasting a domestic inflation rate by controlling the interest rate.  Keywords: Inflation targeting, monetary economics, structural econometric modelJEL classification numbers: E3, E52
 
Publisher Universitas Islam Indonesia
 
Contributor —
 
Date 2011-09-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.uii.ac.id/index.php/JEP/article/view/2305
 
Source Economic Journal of Emerging Markets; Vol 2, No 2 (2010)
2502-180X
2086-3128
 
Language eng
 
Relation http://journal.uii.ac.id/index.php/JEP/article/view/2305/2103