Monetary Policy And Its Application In Ethiopia Monetary policy rules in Ethiopia
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- Englisch ausgewählt
Fr. 55.90
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
26.07.2013
Verlag
LAP LAMBERT Academic PublishingSeitenzahl
68
Maße (L/B/H)
22/15/0.5 cm
Gewicht
119 g
Sprache
Englisch
ISBN
978-3-659-37476-0
The search for a descriptive rule is the case of Ethiopia is of great interest. On the one hand the national bank of Ethiopia does try to follow announced target (before 2006/07 the national bank was focused up on the growth of money supply and the nominal exchange rate. after 2006/07 the focus shifted towards inflation fighting .on the other hand when it is necessary the bank of Ethiopia deviates from declared targets and this case its policy can be treated as rather discretionary. The monetary policy rule of was estimated using the standard techniques namely OLS (ordinary least square) methodology. From this it can be concluded that the monetary policy of Ethiopia is mainly dependent up on the three macro-economic indicators-inflation, GDP (gross domestic product), exchange rate. Such approach fully compile with the theory and practical of monetary regulations.
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