## Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis

_IMF Staff Country Reports, May 14, 2021_

## Source details

**Canonical URL:** [Republic of Mozambique: Technical Assistance Report-Inflation Targeting and Model-based Monetary Policy Analysis](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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## Bibliographic details
- Published: May 14, 2021
- Series: IMF Staff Country Reports

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### 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.

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## Content in this bundle

- **1mozea2021001 - Preface**
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_Source: https://www.imf.org/en/publications/cr/issues/2021/05/14/republic-of-mozambique-technical-assistance-report-inflation-targeting-and-model-based-50186_