Move to inflation targeting could boost resilience – IMF paper
Countries in Middle East and central Asia should make exchange rates more flexible, authors say
A move from fixed exchange rates to inflation targeting could make economies in the Middle East and central Asia more resilient, analysis by International Monetary Fund economists finds.
A working paper published on July 3 uses a mix of model-based simulations and empirical evidence to assess how adopting new policy frameworks would affect the regions. The paper finds that switching to inflation targeting and allowing the exchange rate to become more flexible would lead to “smaller and less
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