El Quetzal El Quetzal El Quetzal () is a municipality in the San Marcos department of Guatemala. It was recognised as municipality on 19th of June 1900. The major source of income is the agriculture. "La Inmaculada Concepción" (English:The Immaculate Conception") parish in La Reforma municipality was founded on 1 January 1956 and originally served both La Reforma and El Quetzal municipalities. Its first priest was father Jaime López, a Franciscan, who led the parish until 5 March 1958. His successor was father Juan Bartolomé Bueno, who was in charge until 31 July 1960, when father Pedro López Nadal, from Spain, took
Monetary policy of the Philippines so that price level is not just zero in expectation but is also zero regardless of latter shocks. Moreover, the framework was changed because BSP wanted to address the fact that aggregate targeting did not account for the long-run effects of monetary policy on the economy. With this approach, the BSP can exceed the monetary targets as long as the actual inflation rate is kept within program levels and policymakers monitor a larger set of economic variables in making decisions regarding the appropriate stance of monetary policy. As mentioned earlier, Inflation Targeting requires a public announcement of an inflation rate