01763cas a2200253 a 4500 AALejournalIMF000579 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845808 1018-5941 BD-DhAAL BD-DhAAL Lim, G. Preliminary Considerations of an Inflation Targeting Framework for the Philippines / G. Lim, Guy Debelle. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 framework should be considered. This paper reviews the benefits as well as the constraints of an inflation targeting framework and the necessary preconditions--both in terms of the institutional infrastructure and the appropriate inflation target--for its successful implementation, including the ability to forecast inflation reasonably well over policy-relevant time horizons. Mode of access: Internet Debelle, Guy. IMF Working Papers; Working Paper ; No. 1998/039 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/039/001.1998.issue-039-en.xml IMF e-Library