01583cas a2200241 a 4500 AALejournalIMF011410 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463925291 1018-5941 BD-DhAAL BD-DhAAL Kovanen, Arto. Does Money Matter for Inflation in Ghana? / Arto Kovanen. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (23 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 Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation horizon (four to eight quarters). On the other hand, currency depreciation and demand pressures (as measured by the output gap) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are largely based on backward-looking information, suggesting that inflation expectations are not well anchored and hence more is needed to strengthen the credibility of Ghana's inflation-targeting regime.1. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2011/274 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/274/001.2011.issue-274-en.xml IMF e-Library