{"product_id":"is-inflation-targeting-a-viable-option-in-developing-countries-von-dumisani-hompashe","title":"Is Inflation targeting a viable option in developing countries","description":"\u003cp\u003eThe distinctive features of inflation targeting  include the publishing of the formal target band or  point target for the rate of inflation at one or  more time horizon\/s and the explicit confirmation  that low and steady inflation is the long-run  objective of monetary policy. There are four main  preconditions of inflation targeting:  1) an independent central bank that is free  from fiscal and political pressures; 2) a central bank that has both the ability to  forecast inflation and the capability to model  inflation data; 3) the presence of fully deregulated prices  and an economy that is affected by changes of  commodity prices, as well as exchange rates; and 4) the presence of sound banking system and  well developed capital markets.  This dissertation investigates the extent to which  Malawi meets the preconditions for inflation  targeting. Malawi is committed to the central  bank''s functional independence as well as the  pursuit of prudent fiscal policy measures for the  attainment of low inflation. Despite the failure to  meet all the preconditions, this study recommends  that Malawi should adopt an inflation-targeting  framework.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838350226\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838350226","offer_id":39469279543389,"sku":"9783838350226","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/25842e65-063a-4ad0-88f7-c9679299e10c.jpg?v=1757911160","url":"https:\/\/shop.autorenwelt.de\/products\/is-inflation-targeting-a-viable-option-in-developing-countries-von-dumisani-hompashe","provider":"Autorenwelt Shop","version":"1.0","type":"link"}