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Real Exchange Rates and Commodity Prices in Neoclassical Model
International Monetary Fund - 1988
This paper presents a neoclassical model that explains the observed empirical relationship between government spending and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and increasing world commodity supplies simultaneously lead...
Persistent link: https://www.econbiz.de/10014396210
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Commodity Price Volatility and the Sources of Growth
International Monetary Fund - 2012
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …
Persistent link: https://www.econbiz.de/10014396933
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Interest Rate Volatility and Risk in Indian Banking
International Monetary Fund - 2004
The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …
Persistent link: https://www.econbiz.de/10014404135
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Managing Global Growth Risks and Commodity Price Shocks : Vulnerabilities and Policy Challenges for Low-Income Countries
International Monetary Fund - 2011
As part of its work to help low-income countries (LICs) manage volatility, the IMF has recently developed an analytical …
Persistent link: https://www.econbiz.de/10014410364
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Commodity Prices and Inflation in the Middle East, North Africa, and Central Asia
International Monetary Fund - 2010
Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia during the period 1996-2009, falling until about 2000 and then rising. International fuel prices do not help explain this pattern. This conclusion is robust even when different...
Persistent link: https://www.econbiz.de/10014402865
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Commodity Prices and Inflation : Evidence from Seven Large Industrial Countries
International Monetary Fund - 1989
A two-country theoretical model is presented, showing the effects of monetary, fiscal, and supply-side disturbances on prices of primary commodities and manufactured goods, and on exchange rates. If monetary shocks dominate, then commodity prices should lead general price movements, and the...
Persistent link: https://www.econbiz.de/10014395776
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Commodity Prices As a Leading Indicator of Inflation
International Monetary Fund - 1988
Commodity prices may be a leading indicator of inflation, because of the relative importance of flexible auction markets for the determination of these prices. Empirical tests using data for the large industrial countries as a group suggest that changes in commodity prices tend to lead those in...
Persistent link: https://www.econbiz.de/10014396014
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Commodity Terms of Trade : The History of Booms and Busts
International Monetary Fund - 2009
We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic performance and, in particular, compare the most recent commodity-price cycle with...
Persistent link: https://www.econbiz.de/10014402376
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Efficiency in Commodity Futures Markets
International Monetary Fund - 1989
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/10014395958
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Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies
International Monetary Fund - 2017
Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables...
Persistent link: https://www.econbiz.de/10014408642