1 research outputs found
The effectiveness of monetary policy in tackling inflation in emerging economy
This study decided to investigate the success and failure of
monetary policy in tackling inflation in order to achieve desired economic
objectives by making use of the econometric procedure in estimating the
relationship between the variables. The method of data analysis is the
ordinary least square1 multiple regression. The results of our analyses
showed that the instruments of monetary policy would have had a greater
impact on inflation if inflation were not of structural nature. As a
conclusion, the financial system needs to be strong, sound, viable, and
shock-resilience in order to achieve the standard of a sustainable economy.Este estudio decidi贸 investigar el 茅xito y el fracaso de la pol铆tica
monetaria para hacer frente a la inflaci贸n con el fin de lograr los objetivos
econ贸micos deseados mediante el uso del procedimiento econom茅trico en
la estimaci贸n de la relaci贸n entre las variables. El m茅todo de an谩lisis de
datos es la regresi贸n m煤ltiple por m铆nimos cuadrados ordinarios. Los
resultados de nuestros an谩lisis mostraron que los instrumentos de pol铆tica
monetaria habr铆an tenido un mayor impacto en la inflaci贸n si la inflaci贸n
no fuera de naturaleza estructural. Como conclusi贸n, el sistema financiero
debe ser fuerte, s贸lido, viable y resistente a los impactos para alcanzar el
est谩ndar de una econom铆a sostenibl