Series: IMF Working Papers
Author(s): Rafael Portillo , and Yulia Ustyugova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 July 2015
Keywords: Money Targeting, money, inflation, demand, interest rates, Monetary Policy (Targets, Instruments, and Effects), Forecasting and Simulation, Fiscal and Monetary Policy in Development,
Uruguay has recently reverted to a money targeting (MT) framework in the context of a disinflation strategy. We develop a quantitative model for monetary policy analysis incorporating money targets in the policy fr...