Papua New Guinea : Selected Issues and Statistical Appendix

1PNGEA2008001 Image
Price:  $18.00

Release Date: © March, 2008
ISBN : 978-1-45183-174-0
Stock #: 1PNGEA2008001
English
Stock Status: On back-order

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Description

This paper analyzes the workings and effectiveness of the monetary transmission mechanism in Papua New Guinea. The paper is organized as follows: it describes the current institutional structure in Papua New Guinea; interest rate is discussed; the evidence from vector autoregression analysis on the relationship between monetary policy variables and output and prices is considered; finally, implications are included. The Bank of Papua New Guinea (BPNG) uses a reserve money framework to conduct monetary policy operations. A macroeconomic balance approach estimates the REER, which simultaneously achieves internal and external balance.

Taxonomy

Competition , Economic policy , Inflation , International trade , Monetary policy




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