{
  "title": "Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis",
  "publication": "IMF Staff Country Reports, May 14, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/05/14/republic-of-mozambique-technical-assistance-report-inflation-targeting-and-model-based-50186",
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  "summary": "The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting (IT) central bank.",
  "sections": [
    {
      "heading": "Mission purpose and activities",
      "content": "- Purpose: Improve the understanding of the conduct of monetary policy in an inflation targeting (IT) central bank.\n- Timing: During the September visit (year not specified on page).\n- Capacity building:\n  - Daily morning seminars introducing modern theory of monetary policy in small-open economies.\n  - Afternoon sessions performing monetary policy analyses based on BM’s quarterly projection model (QPM)."
    },
    {
      "heading": "Key findings and analyses",
      "content": "- Emphasis on practical, model-based monetary policy analysis using BM’s QPM.\n- Focus on translating modern small-open economy theory into operational guidance for an IT framework.\n- Capacity strengthening targeted at BM’s forecasting and policy analysis capabilities."
    },
    {
      "heading": "Topics and thematic coverage",
      "content": "- Subjects: Exchange rates; Foreign exchange; Inflation; Inflation targeting; International organization; Monetary policy; Monetary policy frameworks; Nominal effective exchange rate; Prices.\n- 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.\n\n---\n\n Content in this bundle\n\n- 1mozea2021001 - Preface\n  - 1mozea2021001 - Preface (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1mozea2021001 - Preface (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 14, 2021",
    "Series: IMF Staff Country Reports",
    "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:",
    "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.",
    "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.",
    "**1mozea2021001 - Preface**"
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