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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
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
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
This review of Phase I of the technical assistance (TA) General Data Dissemination System (GDDS) project (2001-2006) for 15 Anglophone African countries1-funded by the U.K. Department for International Development (DFID) and executed jointly by the Fund and the World Bank-(henceforth, referred...
Persistent link: https://www.econbiz.de/10014410170
This report provides an assessment of the British Virgin Islands’s (BVI) compliance with the Basel Core Principle for effective banking supervision. The BVI has the preconditions for effective banking supervision. It has specific legislation governing international cooperation and mutual legal...
Persistent link: https://www.econbiz.de/10014405894
This Selected Issues paper examines the factors determining housing prices in the United Kingdom. Based on econometric evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent a temporary overshooting of housing prices,...
Persistent link: https://www.econbiz.de/10014405898
This report reviews the assessment of Jersey’s compliance with the Basel core principles for effective banking supervision based on the Core Principles. It provides a detailed assessment of the antimoney laundering and combating the financing of terrorism regime of Jersey and reviews its laws...
Persistent link: https://www.econbiz.de/10014405899
This Selected Issues paper for the Netherlands highlights that Dutch cost competitiveness deteriorated significantly in the years prior to 2004. The relatively poor economic performance during the new millennium contributed to these concerns generally, as did restrained export performance more...
Persistent link: https://www.econbiz.de/10014405957
The British Virgin Islands (BVI) has most of the essential elements for a suitable framework for financial supervision. There is a weakness with respect to onsite supervision of banking, insurance, and securities sectors; and there is currently no regular and comprehensive examination and...
Persistent link: https://www.econbiz.de/10014406094
The United Kingdom (U.K.) economy has weathered the global slowdown well, supported by an countercyclical monetary policy and an expansionary fiscal stance. Executive Directors welcomed this developments, and stressed the need to tighten monetary, fiscal, and macroeconomic policies. They...
Persistent link: https://www.econbiz.de/10014406103