Can a Rule-Based Monetary Policy Framework Work in a Developing Country? : The Case of Yemen /

Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper argues in favor of a new formal monetary policy framewo...

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Xehetasun bibliografikoak
Egile nagusia: Elekdag, Selim
Beste egile batzuk: Ben Ltaifa, Nabil, Chami, Saade, Schneider, Todd
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2007.
Saila:IMF Working Papers; Working Paper ; No. 2007/006
Sarrera elektronikoa:Full text available on IMF

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