Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis
IMF Staff Country Reports, May 14, 2021
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- Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis
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Bibliographic details
- Published: May 14, 2021
- Series: IMF Staff Country Reports
Mission purpose and activities
- Purpose: Improve the understanding of the conduct of monetary policy in an inflation targeting (IT) central bank.
- Timing: During the September visit (year not specified on page).
- Capacity building:
- Daily morning seminars introducing modern theory of monetary policy in small-open economies.
- Afternoon sessions performing monetary policy analyses based on BM’s quarterly projection model (QPM).
Key findings and analyses
- Emphasis on practical, model-based monetary policy analysis using BM’s QPM.
- Focus on translating modern small-open economy theory into operational guidance for an IT framework.
- Capacity strengthening targeted at BM’s forecasting and policy analysis capabilities.
Topics and thematic coverage
- Subjects: Exchange rates; Foreign exchange; Inflation; Inflation targeting; International organization; Monetary policy; Monetary policy frameworks; Nominal effective exchange rate; Prices.
- Keywords: Africa; Exchange rates; f ramework; forecasting team; Inflation; Inflation targeting; MODEL-BASED monetary policy analysis; modernization program; Monetary policy frameworks; monetary policy in an inflation targeting; Nominal effective exchange rate; QPM model; Sub-Saharan Africa.
Content in this bundle
- 1mozea2021001 - Preface