Narrow search
Showing 1 - 10 of 1,120
Cover Image
Nominal Interest Rate Pegging Under Alternative Expectations Hypotheses
International Monetary Fund - 1988
Nominal interest rate pegging leads to instability in an IS-LM model with a vertical long-run Phillips curve and backward-looking inflation expectations. However, it does not lead to instability in several large multicountry econometric models, apparently primarily because these models have...
Persistent link: https://www.econbiz.de/10014396137
Cover Image
Working Paper 94/114 Estimating and interpreting Forward interest Rates : Sweden 1992-1994
International Monetary Fund - 1994
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/10014397927
Cover Image
Informational Efficiency, Interest Rate Variability, and Central Bank Operations
International Monetary Fund - 1997
It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic agents to acquire information, which will be reflected in market prices and thus become available to policy makers. The optimal frequency of intervention, and therefore the...
Persistent link: https://www.econbiz.de/10014403364
Cover Image
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
Cover Image
An Econometric Rational Expectations Macroeconomic Model for Developing Countries with Capital Controls
International Monetary Fund - 1990
developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of …
Persistent link: https://www.econbiz.de/10014396265
Cover Image
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
Cover Image
World Economic Outlook, October 1999 : Safeguarding Macroeconomci Stability at Low Inflation
International Monetary Fund - 1999
Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the international financial system, currency crises,...
Persistent link: https://www.econbiz.de/10014404467
Cover Image
Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
International Monetary Fund - 2012
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10014396432
Cover Image
What Drives China's Interbank Market?
International Monetary Fund - 2009
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10014402462
Cover Image
Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing-Country Model with Rational Expectations
International Monetary Fund - 1990
The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
Persistent link: https://www.econbiz.de/10014396467