https://www.taxtmi.com/news?id=11398 Emerging economy central banks must recalibrate mandates and tools beyond single-objective models to manage the inflation-growth trade-off, global capital-flow volatility under the "impossible trinity," risks of fiscal dominance, and the need to safeguard financial stability. This requires judicious responses to supply shocks, managed openness on exchange rates and capital accounts, credible fiscal consolidation to preserve monetary independence, possible central-bank responsibility for systemic-risk regulation and supervision, and careful use of conditional forward guidance tied to institutional credibility. en-us Thu, 18 Jul 2013 10:58:34 +0530 Thu, 18 Jul 2013 10:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11398 Emerging economy central banks must recalibrate mandates and tools beyond single-objective models to manage the inflation-growth trade-off, global capital-flow volatility under the "impossible trinity," risks of fiscal dominance, and the need to safeguard financial stability. This requires judicious responses to supply shocks, managed openness on exchange rates and capital accounts, credible fiscal consolidation to preserve monetary independence, possible central-bank responsibility for systemic-risk regulation and supervision, and careful use of conditional forward guidance tied to institutional credibility. News - Thu, 18 Jul 2013 10:58:34 +0530 https://www.taxtmi.com/news?id=11398