Even with these estimates, there is a fair bit of action during the first year, and provided forecasts are sufficiently accurate, it is possible for policy to be effective over shorter lengths of time -- for instance, if it was desired to have an effect for the next year only, policy could be reversed some time during the year to achieve rough neutrality beyond the period of a year (Gruen, Romalis and Chandra 1997).6 4  For some econometric support of this view, see Dungey and Pagan (1997, pp.
The Bank accordingly launched a REPSS sensitisation campaign to present the system to the Mauritius Bankers Association, commercial banks, and to the Mauritius Export Association. 45. At the 15th meeting of the COMESA Committee of Governors held in Khartoum in November, I handed over the chairmanship to the Governor of the Central Bank of Sudan but continue as first Vice-Chairman.