TY - BOOK ID - 84542830 TI - Does Money Matter for Inflation in Ghana? AU - Kovanen, Arto. AU - International Monetary Fund PY - 2011 SN - 1463952090 146394750X 1283570734 9786613883186 146397177X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Inflation targeting KW - Targeting, Inflation KW - Monetary policy KW - Econometric models. KW - Inflation KW - Money and Monetary Policy KW - Production and Operations Management KW - Price Level KW - Deflation KW - Demand for Money KW - Central Banks and Their Policies KW - Monetary Policy KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Macroeconomics: Production KW - Macroeconomics KW - Monetary economics KW - Monetary base KW - Demand for money KW - Output gap KW - Prices KW - Money KW - Production KW - Money supply KW - Economic theory KW - Ghana UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542830 AB - Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation horizon (four to eight quarters). On the other hand, currency depreciation and demand pressures (as measured by the output gap) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are largely based on backward-looking information, suggesting that inflation expectations are not well anchored and hence more is needed to strengthen the credibility of Ghana's inflation-targeting regime.1. ER -