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Advancing the frontiers of monetary policy

Adrian, Tobias (ed.); Laxton, Douglas (ed.); … - 2018

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including …Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles … and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a …

Persistent link: https://www.econbiz.de/10011874333

Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market

International Monetary Fund - 1990

This paper seeks to advance the discussion of monetary policy strategies in several ways. One involves a comparison of targets for nominal GNP and the price level, with emphasis on specificational robustness and implications for output variability. A second pertains to various “indicator”...

Persistent link: https://www.econbiz.de/10014396173

Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market

International Monetary Fund - 1990

This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical...

Persistent link: https://www.econbiz.de/10014396182

Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

International Monetary Fund - 2011

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …

Persistent link: https://www.econbiz.de/10014401318

The Sensitivity of Secondary Sovereign Loan Market Returns to Macroeconomlc Fundamentals

International Monetary Fund - 1990

arbitrage pricing theory framework. Returns are characterized by a limited response to unexpected changes in procyclical U … data to meet the empirical arbitrage pricing theory restrictions and the large proportion of return variance unexplained by …

Persistent link: https://www.econbiz.de/10014396212

Macroeconomic Fundamentals, Price Discovery and Volatility Dynamics in Emerging Markets

International Monetary Fund - 2009

This study characterizes volatility dynamics in external emerging bond markets and examines how prices and volatility respond to news about macroeconomic fundamentals. As in mature bond markets, macroeconomic surprises in external emerging bond markets are found to a¤ect both conditional...

Persistent link: https://www.econbiz.de/10014404285

Staff Studies for the World Econ Outlook

International Monetary Fund - 1987

This paper reviews the long-term growth performance of the major industrial countries and discusses some of the many factors that have been identified as possible sources of the marked slowdown in growth since the early 1970s. According to the view of different demographic developments across...

Persistent link: https://www.econbiz.de/10014400806

Pension Reform in Belgium

International Monetary Fund - 1996

This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in...

Persistent link: https://www.econbiz.de/10014396528

Three Attempts At Inflation Forecasting in Pakistan

International Monetary Fund - 2005

leading indicators model in which broad money growth and private sector credit growth help forecast inflation. A univariate …

Persistent link: https://www.econbiz.de/10014400746

Government budgeting and expenditure controls : theory and practice

Premchand, Arigapudi; Premchand, A. - 1983

Persistent link: https://www.econbiz.de/10000637896

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