Cover IMF Staff Country Reports
Angola: Selected Issues and Statistical Appendix
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 355
Language:
English
Publication Date:
26 Oct 2007
DOI:
https://doi.org/10.5089/9781451800562.002
ISBN:
9781451800562
ISSN:
1934-7685
Pages:
82
Keywords:
ISCR; CR; exchange rate; monetary policy; central bank; foreign currency; equilibrium exchange rate equation; time series; anti-inflation policy; money supply; monetary aggregate framework; PPP hypothesis; Real exchange rates; Exchange rates; Monetary aggregates; Currencies; Inflation; Sub-Saharan Africa; Europe
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This Selected Issues paper and Statistical Appendix on Angola underlie monetary policy framework. Angola has adopted an anti-inflation policy that has led to a sharp decline in inflation. To institute a monetary policy framework, a nominal anchor or constraint on the value of domestic currency must be established. Additional work to fine-tune the measures of currency in circulation, conduct more sophisticated tests to assess the relationship between inflation and the monetary aggregates, and determine how to incorporate the currency measure in monetary operations is needed.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund