Measurement of inflation and the Philippine monetary policy framework

  • Diwa C Guinigundo
  • Published 2010

Abstract

For an inflation-targeting central bank, the choice of price index should reflect the most informative price level in the decision-making process of economic agents. Ideally, it should also be an index that responds strongly to the instruments of monetary policy. It is expected that each agent will accord different levels of importance to different price… (More)

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