01715cas a2200241 a 4500 AALejournalIMF003642 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861914 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Inflation Targeting Lite' in Small Open Economies : The Case of Mauritius. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (25 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 This paper develops a new macrofinance model for small open economies, allowing the investigation of Mauritius's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on exchange rate targeting towards inflation targeting. By estimating a model in which the yield curve is modeled explicitly we are able to obtain estimates of inflation expectations. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/172 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/172/001.2005.issue-172-en.xml IMF e-Library