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Session 2—Monetary Policy Frameworks in Low Income and Developing Countries

IMF Seminar

imf seminars event

DATE: October 10, 2015

DAY: Saturday

4:00 PM - 5:00 PM Lima Time

LOCATION: Lima Convention Center 6 - Pachacamac

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Overview

A large number of Low and Lower Middle Income Countries (LLMICs) are now moving to more flexible and forward-looking frameworks for formulating, implementing, and communicating monetary policy. LLMICs face a number of important challenges in conducting monetary policy, including rapid structural change, large and frequent supply shocks, scarce analytical and operational capacity, and limited data availability. This session will explore the way forward for monetary policy frameworks in these countries, drawing where possible on the lessons from those who have gone before.

Session 2—Monetary Policy Frameworks in Low Income and Developing Countries

Revisiting Monetary Policy Frameworks

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      Panelists

      Maurice

      Maurice Obstfeld has been the Economic Counsellor and Director of Research at the International Monetary Fund since 2015. He is on leave from the University of California, Berkeley, where he is the Class of 1958 Professor of Economics and formerly Chair of the Department of Economics. He is a former member of the U.S. President’s Council of Economic Advisors, and the co-author of two leading textbooks ininternational economics.