Similar Search Results

Impact of Demographic Changes on Inflation and the Macroeconomy

Yoon, Jong-Won; Kim, Jinill; Lee, Jungjin - International Monetary Fund (IMF) - 2014

investment, and fiscal balances, from an empirical perspective. Based on empirical findingsâ€”particularly regarding inflationâ …

Persistent link: https://www.econbiz.de/10011123847

Indiaâ€™s Recent Macroeconomic Performance: An Assessment and Way Forward

Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014

oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation …

Persistent link: https://www.econbiz.de/10011142116

A Simple Dynamic Model of Credit and Aggregate Demand

Diaz-Bautista, Alejandro; Escandon, Julio R. - EconWPA - 2003

The purpose of the paper is to present a tractable model of an old topic which is becoming more important in macroeconomics: the link between financial structure and economic activity.

Persistent link: https://www.econbiz.de/10005126180

Monetary and Fiscal Policy Dynamics in an Asymmetric Monetary Union

Clausen, Volker; Wohltmann, Hans-Werner - EconWPA - 2002

This paper investigates the dynamic effects of monetary and fiscal policy in a monetary union, which is characterized by asymmetric interest rate transmission. This asymmetry gives rise to intertemporal reversals in the relative effectiveness of policy on member country outputs. The direction...

Persistent link: https://www.econbiz.de/10005126325

Capital Flows, Financial Intermediation and Macroprudential Policies

Ghilardi, Matteo; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2014

cycle fluctuations as well as the role of supply side financial accelerator effects in the amplification and propagation of …

Persistent link: https://www.econbiz.de/10010959468

The Case for a Long-Run Inflation Target of Four Percent

Ball, Laurence M. - International Monetary Fund (IMF) - 2014

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero bound on interest rates, with the result that economic...

Persistent link: https://www.econbiz.de/10010790372

Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka

Ghazanchyan, Manuk - International Monetary Fund (IMF) - 2014

instruments is judged through the prism of conventional policy channels (money/interest rate, bank lending, exchange rate and …, and through the pass-through coefficients from policy to money market and lending rates. Our results show that (i) the … interest rate channel (money view) has the strongest Granger effect (helps predict) on output with a 0.6 percent decrease in …

Persistent link: https://www.econbiz.de/10011123834

Monetary and Macroprudential Policies to Manage Capital Flows

Guzman, Juan Pablo Medina; Roldos, Jorge - International Monetary Fund (IMF) - 2014

-cum-fire-sales amplification mechanism. In response to fluctuations in world interest rates, inflation targeting dominates standard Taylor rules …

Persistent link: https://www.econbiz.de/10011123855

Introducing a Semi-Structural Macroeconomic Model for Rwanda

Charry, Luisa; Gupta, Pranav; Thakoor, Vimal - International Monetary Fund (IMF) - 2014

We develop a simple semistructural model for the Rwandan economy to better understand the monetary policy transmission mechanism. A key feature of the model is the introduction of a modified uncovered interest parity condition to capture key structural features of Rwandaâ€™s economy and...

Persistent link: https://www.econbiz.de/10011142077

Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy

Han, Fei - International Monetary Fund (IMF) - 2014

, Chinaâ€™s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open …

Persistent link: https://www.econbiz.de/10011142105