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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund
-
2005
Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European...
Persistent link: https://www.econbiz.de/10014400699
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2
The Transmission Mechanism in Armenia : New Evidence from a Regime Switching VAR Analysis
International Monetary Fund
-
2010
The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization, marked the beginning of a new macroeconomic framework in Armenia, which is likely to have changed the effectiveness of monetary policy. This paper is the first attempt to...
Persistent link: https://www.econbiz.de/10014403230
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3
Fiscal Policy Independence in a European Monetary Union
International Monetary Fund
-
1990
The issue of whether constraints should be placed on fiscal policies when moving to European monetary union is examined in the context of the use of fiscal policy for macroeconomic stabilization purposes. Examples of shocks hitting French and German economies are considered: an appreciation of...
Persistent link: https://www.econbiz.de/10014396463
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4
Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage
International Monetary Fund
-
2005
This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi-country Ricardian model of trade, based on the work of Eaton and Kortum (2002), into a macroeconomic model to show how bilateral real exchange rate volatility depends on relative technological...
Persistent link: https://www.econbiz.de/10014399797
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5
Why has Japan been hit so hard by the global recession?
Sommer, Martin
-
2009
Persistent link: https://www.econbiz.de/10003914439
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6
Policies to Promote Competitiveness in Manufacturing in Sub-Saharan Africa
International Monetary Fund
-
2001
The papers in this volume address three important issues: the role ofexchange-rate policy in enhancing the competitiveness of African manufactured exports; the steps that can be taken to improve productionefficiency; and the role of institutional and structural reforms in promoting...
Persistent link: https://www.econbiz.de/10014412165
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7
The Changing Structure of Japanese Trade Flows
International Monetary Fund
-
1990
The changes to the structure of Japanese exports and imports in the second half of the 1980s departed significantly from past trends. Econometric analysis confirms that some of the structural changes—notably the importance of consumer goods trade—cannot be fully explained using conventional...
Persistent link: https://www.econbiz.de/10014395910
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8
Working Paper 87/034 : Measuring Price Competitiveness for industrial Country Trade in Manufactures
International Monetary Fund
-
1987
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014396319
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9
Spain
: Selected Issues
International Monetary Fund
-
2000
The general government in
Spain
is composed of the State (central) government, the social security system, 17 regional …
Persistent link: https://www.econbiz.de/10014402123
Saved in:
10
Spain
: 2000 Article IV Consultation—Staff Report; Supplement to the Staff Report; Public Information Notice Following Consultation; and Statement by the Authorities of
Spain
International Monetary Fund
-
2000
Spain
has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest …
Persistent link: https://www.econbiz.de/10014402845
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