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Monetary Policy Strategies in the Asia and Pacific Region: What Way Forward?

  • Andrew Filardo

    ()

  • Hans Genberg

    ()

Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation outcomes. We argue that this is due to three principal factors: (i) central banks have focused on price stability as the primary objective of monetary policy, (ii) institutional setups have been put in place that are supportive of the central banks’ abilities to carry out their objectives, and (iii) economic policies in general have been supportive of the pursuit of price stability, in particular the adoption of prudent fiscal policies that have reduced concerns of fiscal dominance. [ADBI Working Paper 195]

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Paper provided by eSocialSciences in its series Working Papers with number id:3139.

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Date of creation: Nov 2010
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Handle: RePEc:ess:wpaper:id:3139
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  15. repec:cup:cbooks:9780521790956 is not listed on IDEAS
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  28. Andrew Filardo & Hans Genberg, 2010. "Targeting inflation in Asia and the Pacific: lessons from the recent past," BIS Papers chapters, in: Bank for International Settlements (ed.), The international financial crisis and policy challenges in Asia and the Pacific, volume 52, pages 251-273 Bank for International Settlements.
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