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What is Monetary Policy about?

1) The document discusses the implications of monetary policy and inflation targeting on poverty reduction in developing countries. 2) It notes that while lower inflation is generally positive, targeting extremely low inflation rates below 5% through restrictive monetary policy can sometimes do more harm than good by leading to economic stagnation and higher unemployment. 3) Several Asian countries that pursued very low single-digit inflation targets per IMF/World Bank recommendations in the 1980s-90s e

Author

Inri Asridisastra D

Language

EN