It has to get at least two reports out every year on price stability according to section 33(2)(b) of the Bank of Mauritius Act 2004. It makes a good read and will probably generate some food for thought or some posts if you suffer from blogging addiction like me.
The thing that's missing from it though is an inflation target which has been around for more than 20 years elsewhere. And if you think 3.9% is low enough, think again.
Finally, you may wish to take a look at the British version of the inflation report.
4 comments:
Six blank pages in BOM report and text and graphs are mixed up in two columns everywhere whereas BOE report reserves one column for graphs. The BOE graphs and presentations are far better, yet BOM and BOE are using the same technologies for producing reports. But BOM website is just awful compared to BOE. BOM people should do something about their website to make it more user-friendly.
I have read your Feb 25, 2010 post (excellent reading for me who had missed all these valuable dabates). One paper ‘Inflation Targeting Lite’ in Small Open
Economies: The Case of Mauritius
Nathan Porter and James Yudong Yao makes this conclusion: "BOM does not make a pure commitment to an inflation target due to the need to maintain a managed float".
Look at what Sanjay Reddy writes about the Greek Tragedy: "The economic crisis in Greece, which has roiled all of Europe, has been presented by the mainstream media as arising from the mismanagement of economic resources. In fact, the real roots of the crisis and others like it are in the malfunctioning of political institutions.
Politics, according to the famous formulation of Harold Lasswell, is about who gets what, when and how. Although all political institutions produce an answer to these questions, well-functioning ones must produce answers that are, at a minimum, not manifestly irrational (for instance, in the sense that they are worse for nearly everyone than those which some alternative would have brought about) nor manifestly unjust (for instance, in the sense that they systematically favor the already advantaged over the already disadvantaged). However, many political institutions fail to satisfy one or both of these criteria."
You can read the whole paper here: http://triplecrisis.com/the-greek-tragedy-and-the-political-roots-of-fiscal-crisis/
Interesting posts on the foll bolgs also:
http://triplecrisis.com/author/jayati-ghosh/
or in general on this:
http://triplecrisis.com
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