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Shotgun Wedding : Fiscal and Monetary Policy
Bassetto, Marco - 2020
interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation …
Persistent link: https://www.econbiz.de/10012481961
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Singapore : 2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Singapore
Internationaler Währungsfonds - 2021
Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing …
Persistent link: https://www.econbiz.de/10012604417
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Argentina : ex-post evaluation of exceptional access under the 2018 stand-by arrangement : press release and staff report
Internationaler Währungsfonds - 2021
On June 20, 2018, the Executive Board approved the largest stand-by arrangement in the Fund's history, in support of Argentina's 2018-21 economic program. After an augmentation in October 2018, access under the arrangement amounted to USD 57 billion (1,227 percent of Argentina's IMF quota). The...
Persistent link: https://www.econbiz.de/10013169527
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J. - 2000
Persistent link: https://www.econbiz.de/10012471099
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New-Keynesian Economics : An AS-AD View
Benigno, Pierpaolo - 2009
A simple New-Keynesian model is set out with AS-AD graphical analysis. The model is consistent with modern central banking, which targets shortterm nominal interest rates instead of money supply aggregates. This simple framework enables us to analyze the economic impact of productivity or markup...
Persistent link: https://www.econbiz.de/10012463823
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Optimal Monetary and Fiscal Policy in a Currency Union
Gali, Jordi - 2005
policy requires that inflation be stabilized at the union level. On the other hand, the relinquishment of an independent …
Persistent link: https://www.econbiz.de/10012466856
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The Case for Price Stability
Goodfriend, Marvin - 2001
on a number of grounds which we evaluate in this paper. We show that observed inflation persistence in U.S. time series … is consistent with the absence of structural inflation stickiness as is the case in the benchmark NNS economy. We …
Persistent link: https://www.econbiz.de/10012470296
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Georgia : eighth review under the extended fund facility arrangement : press release; and staff report
Internationaler Währungsfonds - 2021
Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent...
Persistent link: https://www.econbiz.de/10012517676
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Evaluating Monetary Policy
Svensson, Lars E.O. - 2009
Evaluating inflation-targeting monetary policy is more complicated than checking whether inflation has been on target …, because inflation control is imperfect and flexible inflation targeting means that deviations from target may be deliberate in … variability of the inflation-gap and output-gap forecasts can be used to evaluate policy ex ante, that is, taking into account the …
Persistent link: https://www.econbiz.de/10012463265
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Endogenous Monetary Policy Regime Change
Davig, Troy - 2006
This paper makes changes in monetary policy rules (or regimes) endogenous. Changes are triggered when certain endogenous variables cross specified thresholds. Rational expectations equilibria are examined in three models of threshold switching to illustrate that (i) expectations formation...
Persistent link: https://www.econbiz.de/10012466260