Papua New Guinea : Selected Issues and Statistical Appendix

Author/Editor:

International Monetary Fund

Publication Date:

March 12, 2008

Electronic Access:

Free Full text (PDF file size is 826 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper analyzes the workings and effectiveness of the monetary transmission mechanism in Papua New Guinea. The paper is organized as follows: it describes the current institutional structure in Papua New Guinea; interest rate is discussed; the evidence from vector autoregression analysis on the relationship between monetary policy variables and output and prices is considered; finally, implications are included. The Bank of Papua New Guinea (BPNG) uses a reserve money framework to conduct monetary policy operations. A macroeconomic balance approach estimates the REER, which simultaneously achieves internal and external balance.

Series:

Country Report No. 08/93

Subject:

English

Publication Date:

March 12, 2008

ISBN/ISSN:

9781451831740/1934-7685

Stock No:

1PNGEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

100

Please address any questions about this title to publications@imf.org