Preliminary Considerations of an Inflation Targeting Framework for the Philippines /
Monetary policy in the Philippines has had multiple objectives. Moreover, shifts in money demand and the money multiplier have made base money a less reliable anchor for monetary policy. Hence, on present policies, a steady reduction in inflation is not assured, and changes to the monetary policy fr...
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1998
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| Series: | IMF Working Papers ;
Working Paper No. 98/39 IMF eLibrary |
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