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Monetary Policy Credibility and the Unemployment-Inflation Tradeoff; Some Evidence From 17 Industrial Countries
Papa M'B. P. N'Diaye; Laxton, Douglas - International Monetary Fund (IMF) - 2002
inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …
Persistent link: https://www.econbiz.de/10005263831
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Iceland; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper discusses the policy response by a sample of central banks to the ongoing oil and food price shocks in South Africa, drawing some lessons, which can help put in context developments in the country. The paper discusses first- and second-round effects of “supply...
Persistent link: https://www.econbiz.de/10011244349
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Uruguay; Selected Issues
International Monetary Fund (IMF); International … - 2013
Uruguay’s inflation and inflation expectations exceed the inflation target, and the gap has been widening in recent …
Persistent link: https://www.econbiz.de/10011244441
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Romania; 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Romania
International Monetary Fund (IMF); International … - 2008
less of the stabilization burden on the fledgling inflation-targeting framework. GDP growth has remained strong …
Persistent link: https://www.econbiz.de/10011244810
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Turkey; Selected Issues
International Monetary Fund (IMF); International … - 2012
Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation …
Persistent link: https://www.econbiz.de/10011244904
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Jamaica; 2005 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2006
geared at containing inflation while also seeking to engender a sustainable reduction in interest rates. …
Persistent link: https://www.econbiz.de/10011245004
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Albania; Selected Issues
International Monetary Fund (IMF); International … - 2010
Inflation in Southeastern European (SEE) countries has been comparable with euro area inflation, partly owing to on the … inflation-targeting regime pursued in Albania. The analysis also explores additional heterogeneity between SEE and other regions …
Persistent link: https://www.econbiz.de/10011245091
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Turkey; Fifth Review and Inflation Consultation Under the Stand-By Arrangement, Request for Waiver of Nonobservance and Applicability of Performance Criteria, Modification of Perfo...
International Monetary Fund (IMF); International … - 2007
Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of …
Persistent link: https://www.econbiz.de/10011245154
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2008
slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle … turning downward, the trade-off between inflation and growth is deteriorating. Subprime-related turbulences in financial …
Persistent link: https://www.econbiz.de/10011245257