the ongoing shift toward inflation targeting

... non-industrial (Table 1) Inflation targeting entails the direct and explicit targeting of inflation Under inflation targeting, low inflation is the stated primary goal of monetary policy, and the only one ... spreads in emerging and developing economies II THE ONGOING SHIFT TOWARD INFLATION TARGETING Over the past 20 years there has been a marked shift toward more flexible exchange rate regimes and ... targeters, the period before inflation targeting is defined as 1985 until the quarter prior to adoption of inflation targeting, and the after period runs from the quarter in which inflation targeting...

Ngày tải lên: 24/10/2012, 09:27

... that the current inflation rate depends on its lagged values, on the fluctuation of the exchange rate in the previous period and on the two-period lag of the output gap The verticality of the ... selected as the initial year for the present study because annual inflation has been lower than 5% and close to the tolerance interval set by the CRBP in the inflation targeting regime The present ... allow the incorporation of forward-looking components in the structure of the economy, such as the incorporation of inflationary expectations in the supply equation On the other hand, another...

Ngày tải lên: 15/03/2014, 14:20

Ngày tải lên: 09/06/2015, 16:05

Ngày tải lên: 25/10/2012, 10:02

... CSTT Thứ 2, NHTW phải có thẩm quyền sắn sàng không theo đuổi mục tiêu biến số kinh tế khác, tiền lương, công ăn việc làm , tỷ giá hối đoái Vì CSTT theo đuổi đồng thời với mục tiêu thực mục tiêu lạm ... tắc tổ chức thực điều hành CSTT theo đuổi mục tiêu lạm phát thấp Tuy nhiên để đảm bảo thành công đem lại hiệu thực sự, NHTW cần thiết lập khuân khổ sách tiền tệ theo yếu tố sau Thứ nhất, mục ... muốn để đạt mức lạm phát mục tiêu Việt nam minh chứng cho lập luận Trong năm 1998-2000, CSTT NHNN theo đuổi nhiều mục tiêu, ổn định tỷ giá coi trọng Về năm Việt nam đạt mục tiêu tỷ giá, mục tiêu...

Ngày tải lên: 22/10/2013, 09:15

... tắc tổ chức thực điều hành CSTT theo đuổi mục tiêu lạm phát thấp Tuy nhiên để đảm bảo thành công đem lại hiệu thực sự, NHTW cần thiết lập khuân khổ sách tiền tệ theo yếu tố sau Thứ nhất, mục ... muốn để đạt mức lạm phát mục tiêu Việt nam minh chứng cho lập luận Trong năm 1998-2000, CSTT NHNN theo đuổi nhiều mục tiêu, ổn định tỷ giá coi trọng Về năm Việt nam đạt mục tiêu tỷ giá, mục tiêu ... thì không hiệu Ví dụ NHTW đồng thời theo đuổi mục tiêu tỷ giá, để giữ cho tỷ giá ổn định mức mục tiêu buộc NHTW phải can thiệp thị trường,...

Ngày tải lên: 20/12/2013, 18:15

... demand for the outputs of other sectors, resulting in a rise in their prices.8 Economic policy in the UK and the USA, from 1950 on, reflected the adoption of these views; there was a gradual shift ... 1936.1 Keynes provided a theoretical foundation for these new ways of thinking Since the publication of the General Theory there has been an extensive elaboration of the theoretical system outlined ... monetary theory, but that the point of view from which it springs is a positive hindrance to further progress Not the least harmful effect of this particular theory is the present isolation of the theory...

Ngày tải lên: 06/03/2014, 11:20

... negates neither the truth nor the aesthetic quality of his work What is true of "the classics of socialism" 18 is true also of the great artists : they break through the class limitations of their ... acter to the degree to which they inform the strategy of oppositional movements ( as they did in the six­ ties ) While they so in damaged and broken forms, they nevertheless indicate the qualitative ... nor deny their promise To be sure, the "economic structures" assert themselves They determine the use value ( and with it the exchange value) of the works but not what they are and what they say...

Ngày tải lên: 07/03/2014, 12:20

... analyze the effect of the Deutsche Bundesbank and the Central Bank of Japan on the volatility of the Mark and the Yen respectively, Dominguez (1998) used the parsimonious GARCH(1,1) model of 11 In the ... that the size of the put options contracts reduces the volatility of the Peso In the context of the floating regime, what can be concluded about the performance of forex interventions in these ... on the volatility of the exchange rate 32 The results suggest that the response of volatility to the magnitude of intervention is very similar in both countries The impact of the presence in the...

Ngày tải lên: 15/03/2014, 14:20

... than just the facts about what they are true of them, and these further facts may fill the gap If this conclusion is correct then the form of the theories traditionally employed in the sciences ... is to re-evaluate the theory for inaccuracy or incompleteness These moves attempt to blame the psychology or perspective of the theory makers rather than the ontology of the theory, and are completely ... between the "on" and the "off" properties Finally, by affecting the humans in their surroundings in ways that cause them to manipulate the board in accord with the physics, the checkers acquire the...

Ngày tải lên: 11/06/2014, 13:53

... “Does inflation targeting decrease exchange rate pass-through in emerging countries?” GVHD: PGS.TS Nguyễn Thị Ngọc Trang Nghiên cứu Mishkin, F and K Schmidt-Hebbel (2007) “Does inflation targeting ... Kempf (2010) “Does inflation targeting decrease exchange rate pass-through in emerging countries?” GVHD: PGS.TS Nguyễn Thị Ngọc Trang LỜI MỞ ĐẦU Trong nghiên cứu “Does inflation targeting decrease ... Laurence Ball Niamh Sheridan (2003) nghiên cứu “Does inflation targeting matter?” 16 17 Industrial-country inflation targeters Merging-economy inflation targeters Nhóm 7- Lớp TCDN Đêm – K20 Page...

Ngày tải lên: 04/07/2014, 10:38

... antagonize the transactivating activity of the classic GCR-α Through these mechanisms, the autocrine production of IL-4 by TH2 cells in the asthmatic lung might render these cells refractory to the ... IL-4 downregulates Fas expression on the cell surface The expression of IL-4 in the asthmatic lung and the secondary lack of Fas expression might explain the persistence of inflammatory cellular ... as therapeutic agents The IL-4R is a cell-surface, heterodimeric complex consisting of a specific, high-affinity α chain (IL-4Rα) and a second chain that can be either the common γ chain or the...

Ngày tải lên: 12/08/2014, 18:20

... example, the cardiolipin pathway is not included in the model This route becomes important when the cell needs to increase the mitochondrial biomass after the diauxic shift In fact the deletion of the ... the Diauxic Shift DeRisi's microarray results, as they pertain to variables in the model, are shown in Figs 5, 6, and They suggest that there are two relatively distinct phases, namely from the ... associated with the dynamics of phosphatidyl inositol, the former two with its synthesis, and the latter with its further metabolism Microarray results on the sphingolipid pathway, taken by themselves,...

Ngày tải lên: 13/08/2014, 16:21

... of the need to keep inflation in check does not win them over to the view that inflation targeting should trump all other development goals, especially if there is a risk that efforts to meet the ... reduction According to the 1998 Law on the State Bank of Vietnam (SBV), the task of the central bank (SBV) is to stabilize the value of the currency, secure the safety of the banking system, and ... of central banking 3.1 Issues surrounding scope for inflation targeting Although there is interest in inflation targeting (IT) on the part of the SBV, and a steady stream of international experts...

Ngày tải lên: 28/11/2014, 17:18

... of the need to keep inflation in check does not win them over to the view that inflation targeting should trump all other development goals, especially if there is a risk that efforts to meet the ... reduction According to the 1998 Law on the State Bank of Vietnam (SBV), the task of the central bank (SBV) is to stabilize the value of the currency, secure the safety of the banking system, and ... of central banking 3.1 Issues surrounding scope for inflation targeting Although there is interest in inflation targeting (IT) on the part of the SBV, and a steady stream of international experts...

Ngày tải lên: 29/11/2014, 11:26

... Sharma (1998) Inflation Targetin g as a Framework for Monetary Policy Irineu de Carvalho Filho (2010) Inflation Targeting an d the Crisis: An Empirical Assessment Ragh ben dra Jha (2008) Inflation ... mẫu 20 nước phát triển theo khôn g theo lạm phát m ục tiêu, B all She ridan (2005) cho thấy tỷ lệ lạm phát suy giảm nước khôn g theo lạm phát m ục tiêu cũn g quốc gia theo lạm ph át m ục tiêu ... an d Jaime Ro s (2008) Alternatives to inflation targetin g in Mexico Bushra NAQVI and Sye d Kumail Abbas RIZVI (2009) Inflation Tar geting Fram ework: Is the story diff erent for asian econom...

Ngày tải lên: 21/04/2015, 06:01

... that the empirically and theoretically propagated long run evidence on existence of natural rate hypothesis is missed by the model The model tends to satisfy the natural rate hypothesis when the ... to a shock The convergence path of the impulse response is then of interest to the researcher, i.e., how soon the deviation from the trend diminishes hence, eroding the impact of the shock However, ... research for the …rst time The results show that for a small developing country targeting the long run in‡ ation level as close to zero as possible is the best policy The reason is due to the prevalence...

Ngày tải lên: 10/09/2015, 15:51

... for the fast recoveries from the destruction in the future It is expected that the issuance of the coins will give momentum to the efforts toward the renaissance of the country through recoveries ... prepared using the paper that satisfies the judgment criteria of the basic policy under the Law Concerning the Promotion of Procurement of Eco-Friendly Goods and Services by the State and Other Entities ... as of the end of March 2012 Note2： Based on the result of the consultation to the JGB Market Special Participants which takes place at the time of each auction, 60 issues from each of the above...

Ngày tải lên: 06/03/2014, 04:20

... cover the ideas presented in this series, and more, in considerably greater detail [1–4] However, even these might frequently not be sufficient and it is vital that researchers recognise their ... clinical departments, include properly qualified medical statisticians and they should be consulted as early as possible in the research process Competing interests None declared References Altman...

Ngày tải lên: 25/10/2012, 10:45

... something that they not want to • Ex: The President was forced to resign  To raise (v): /reɪz/ - Definition: to increase (to rise/ to go up) the amount or level of something - Ex: They raised their ... hidden  Ex: The question of money always rears its ugly head in matters of business  To move out (v): /muːv aʊt /  Definition: take out, remove (cause to leave)  Ex: The president said they would ... Definition: Strive to gain or win something by defeating or establishing others  Ex: he competed with a number of other candidates superiority over  To bid up (v): / bɪd ʌp /  Definition:...

Ngày tải lên: 15/01/2014, 09:53