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Estimating Potential Output with a Multivariate Filter

International Monetary Fund (IMF); International … - 2010

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and …

Persistent link: https://www.econbiz.de/10008777014

The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition; Issues and Lessons From Experience

International Monetary Fund (IMF); International … - 1994

In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...

Persistent link: https://www.econbiz.de/10005826151

Financial Sector Reform and Central Banking in Centrally Planned Economies

International Monetary Fund (IMF); International … - 1990

This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or...

Persistent link: https://www.econbiz.de/10005826233

Inflation Targeting Lite' in Small Open Economies; The Case of Mauritius

International Monetary Fund (IMF); International … - 2005

's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on …

Persistent link: https://www.econbiz.de/10005826499

Financial Sector Reforms and Monetary Policy

International Monetary Fund (IMF); International … - 1991

In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...

Persistent link: https://www.econbiz.de/10005826634

The Payments Systems Reforms and Monetary Policy in Emerging Market Economies in Central and Eastern Europe

International Monetary Fund (IMF); International … - 1994

The paper discusses the interrelationships between payments system reform and monetary policy implementation in selected countries in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and...

Persistent link: https://www.econbiz.de/10005826638

Inflation Responses to Commodity Price Shocks; How and Why Do Countries Differ?

International Monetary Fund (IMF); International … - 2012

higher food shares in CPI baskets, fuel intensities, and pre-existing inflation levels were more prone to experience … scores seem to have contained the impact of these shocks better. The effect of the presence of inflation targeting regimes … inflation responds to international commodity price shocks. …

Persistent link: https://www.econbiz.de/10011242416

Monetary Transmission in Dollarized and Non-Dollarized Economies; The Cases of Chile, New Zealand, Peru and Uruguay

International Monetary Fund (IMF); International … - 2011

The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and...

Persistent link: https://www.econbiz.de/10009019564

Estimating a Small Open-Economy Model for Egypt; Spillovers, Inflation Dynamics, and Implications for Monetary Policy

International Monetary Fund (IMF); International … - 2011

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt. …

Persistent link: https://www.econbiz.de/10009019594

The Policy Interest-Rate Pass-Through in Central America

International Monetary Fund (IMF); International … - 2011

inflation targeting regimes. This paper finds that the interest-rate transmission mechanism, or the pass-through of the policy …

Persistent link: https://www.econbiz.de/10009369443