Anism of monetary policy in small developing countries: an application to Trinidad and Tobago

Article Abstract:

A study was conducted to examine the transmission mechanism of monetary policy in Trinidad and Tobago. Financial markets are usually unsophisticated in developing countries. Findings indicate that credit channel is dominant in Trinidad and Tobago. It is concluded that these results can help policy makers in the design and implementation of monetary policy in other developing countries.

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Indonesia's monetary policy dilemma-constraints of inflation targeting

Article Abstract:

A brief overview of both theoretical and empirical literature on the inflation-growth relationship in order to examine whether there is any scope for a 'moderate inflation rate' is presented. When the relationship is found to be positive in the short-run or at a moderate rate of inflation, the society has to weigh the cost of low inflation that is the cost of lost output.

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Monetary aggregation for a developing economy: a case study of Nigeria

Article Abstract:

Analysis of monetary policies of Nigeria using Variable Elasticity of Substitution (VES) and Divisia monetary aggregates is presented.

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