The framework of Monetary Policy

In the context of the memorial lectures at the Bank of Mauritius (BOM) this week and the launching of monetary policy challenge and financial literacy program, I thought fit to try my hand at something slightly more academic and also to clear out some of the inconsistencies that have appeared in the analysis and comments of the few, that just because they are constantly in the spotlight, who believe that they can get away with their outdated simplistic Monetarist/Keynesian dichotomy.

A need for thinkers

Let me first of all give you a glimpse of the travails of my friend, Papy, one of those top foreign graduates imbued with the zeal to set their mark at an early stage in their career. I still recall that the last time he was given the assignment of drafting a speech for his Boss, it surprisingly received an unexpected forward thrust, without the customary tiring hurdles and the maze of hierarchical hiccups, before landing promptly on his boss’s desk.

Poverty: Stand up and Speak Out

“The curse of poverty has no justification in our age…. The time has come for us to civilize ourselves by the total, direct and immediate abolition of poverty."- Martin Luther King, Jr.

Poverty Alleviation – a community-based participatory approach

Mauritius growth performance has brought significant welfare gains to the population. Yet a small but significant proportion seem to be benefiting the least from the economic and social progress and many pockets of poverty of worrisome magnitude in some suburban and coastal regions have surfaced.