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The cutting edge of recent efforts to reshape monetary policy in many countries has been to impose a price target on the central bank. This paper examines such a policy in light of the Federal Reserve System's experience with money targeting from the late 1970s through the mid 1980s. The...
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prices as an information variable for monetary policy implementation. A set of option prices provides us with information on … prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for …
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We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there …
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Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge. Opportunities beyond the business realm must be fully exploited to the benfit of society as a whole....
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This Country Program Evaluation with the Dominican Republic (RE-371) covers the period from 2004 to 2008 and it's the second evaluation by the Office of Evaluation and Oversight (OVE) of the IDB's programming with the country. The analysis of the strategic relationship established by the Bank...
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