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Fiscal Policy and External Performance : The Turkish Experience

International Monetary Fund - 1989

general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …

Persistent link: https://www.econbiz.de/10014395994

Some Exchange Rates Are More Stable than Others: Short-Run Evidence from Transition Countries

Bulir, Ales - Česká Národní Banka - 2003

The paper investigates empirically the endogenous liquidity nexus of exchange rate determination on a sample of four transition economies. We find evidence in favor of the hypothesis of a nonlinear error correction process vis-a-vis longer-term trend deviations. The results suggest that early...

Persistent link: https://www.econbiz.de/10005405573

Foreign Exchange Interventions Under Inflation Targeting: The Czech Experience

Holub, Tomas - Česká Národní Banka - 2004

This paper discusses the role of foreign exchange interventions in the inflation-targeting regime, focusing on the … Czech experience since 1998. It proposes criteria for assessing whether the interventions are consistent with the inflation … procedures guiding the interest rate decisions under the inflation targeting regime, which may occasionally create tensions in …

Persistent link: https://www.econbiz.de/10005405581

Empirical Analysis of High-Inflation Episodes in Argentina, Brazil, and Israel

International Monetary Fund - 1988

Although accommodative policies and widespread indexation may account for the persistence of high inflation, they … cannot explain changes in the inflation rate. This paper examines the causes of such changes for the high-inflation episodes … distinguish between the “fiscal” and “balance of payments” views of the causes of high inflation by computing historical …

Persistent link: https://www.econbiz.de/10014396235

Fiscal-Monetary Mix and Exchange Rate Movements in the Major Industrial Countries, 1980-1984

International Monetary Fund - 1988

This paper analyzes the financial policies pursued in the major industrial countries under the flexible exchange rate regime, and links misalignments in policies and their mixes to exchange rate variations among the major currencies. A number of indicators note that misalignments in fiscal...

Persistent link: https://www.econbiz.de/10014396106

Fiscal Policy. Locational Decisions, and Exchange Rates

International Monetary Fund - 1989

The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in...

Persistent link: https://www.econbiz.de/10014396476

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

International Monetary Fund - 1988

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...

Persistent link: https://www.econbiz.de/10014395760