Optimal monetary policy for postwar Iraq
Joint Authors
Tas, Bedri Kamil Onur
Togay, Selahattin
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2009, Issue 509 (31 Dec. 2009), pp.1-14, 14 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2009-12-31
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Topics
Abstract EN
This paper theoretically investigates the optimal monetary policy regime for post-war Iraq.
We analyze the macroeconomic dynamics (inflation, output and exchange rate) and the credibility and reputation of the Central Bank of Iraq (CBI) under alternative monetary policy regimes.
We construct a detailed and realistic model that can be used to analyze the macroeconomic structure and expectation dynamics of an oil-producing, open economy.
The simulation results indicate that an independent central bank with inflation targeting achieves credibility and reputation.
The model constructed in this paper can be used to investigate more oil producing open countries.
American Psychological Association (APA)
Tas, Bedri Kamil Onur& Togay, Selahattin. 2009. Optimal monetary policy for postwar Iraq. Economic Research Forum : Working Paper Series،Vol. 2009, no. 509, pp.1-14.
https://search.emarefa.net/detail/BIM-47320
Modern Language Association (MLA)
Tas, Bedri Kamil Onur& Togay, Selahattin. Optimal monetary policy for postwar Iraq. Economic Research Forum : Working Paper Series No. 509 (December 2009), pp.1-14.
https://search.emarefa.net/detail/BIM-47320
American Medical Association (AMA)
Tas, Bedri Kamil Onur& Togay, Selahattin. Optimal monetary policy for postwar Iraq. Economic Research Forum : Working Paper Series. 2009. Vol. 2009, no. 509, pp.1-14.
https://search.emarefa.net/detail/BIM-47320
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 13-14
Record ID
BIM-47320
