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International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

Potential Role SDR Diversified Currency Portfolios Central Bank

International Monetary Fund - 1988

This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are...

Persistent link: https://www.econbiz.de/10014396007

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 managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...

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

Consumer Price Index Manual : Theory and Practice

International Monetary Fund - 2004

The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. It is a key statistic for economic and social policymaking and has substantial and wide-ranging implications for governments, businesses, and households. This important and...

Persistent link: https://www.econbiz.de/10014400603

Fiscal Implications of the Global Economic and Financial Crisis

International Monetary Fund - 2009

This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as …

Persistent link: https://www.econbiz.de/10014401002

Fiscal Decentralization and Governance : A Cross-Country Analysis

International Monetary Fund - 2001

Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of expenditure and revenue mobilization functions to subnational levels of government-is associated with various indicators of governance, such as corruption, rule of law, and...

Persistent link: https://www.econbiz.de/10014401240

Oil Shocks and External Balances

International Monetary Fund - 2007

This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries'' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global...

Persistent link: https://www.econbiz.de/10014401265

International Spillovers of Taxiation

International Monetary Fund - 1989

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...

Persistent link: https://www.econbiz.de/10014396181

System of National Accounts, 1993

International Monetary Fund - 1993

The 1993 SNA represents a major advance in national accounting. While updating and clarifying the 1968 SNA, the 1993 SNA provides the basis for improving compilation of national accounts statistics, promoting integration of economic and related statistics, and enhancing analysis of economic...

Persistent link: https://www.econbiz.de/10014399037

Producer Price Index Manual : Theory and Practice

International Monetary Fund - 2004

Manual: Theory and Practice provides clear, up-to-date guidance on the concepts, uses, methods, and economic theory of the … National Accounts1993 and recent developments in index number theory. Preparation of the Manual was undertaken by the … from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic …

Persistent link: https://www.econbiz.de/10014399089

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