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Market Information and Signaling in Central Bank Operations, Or, How often Should a Central Bank Intervene?
International Monetary Fund - 1997
bank of allowing the free play of market forces to reveal more of the information available to market participants …
Persistent link: https://www.econbiz.de/10014400555
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Signaling by the Fund : A Historical Review
International Monetary Fund - 2004
The objective of this paper is to review the Fund's thinking about signaling since its inception, with a view to … drawing lessons for the design of possible signaling mechanisms. Over the years, the Fund has both reflected on the ways in … instruments for the express purpose of signaling. Overall, attempts to 'design' signaling mechanisms have been less than fully …
Persistent link: https://www.econbiz.de/10014409740
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Innovation in Banking and Excessive Loan Growth
International Monetary Fund - 2008
. It is shown that, under asymmetric information, banks may therefore rationally lend more than they would otherwise in …
Persistent link: https://www.econbiz.de/10014401746
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Signaling Assessments of Members Policies
International Monetary Fund - 2003
Persistent link: https://www.econbiz.de/10014409731
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Policy Support and Signaling in Low-Income Countries
International Monetary Fund - 2005
Persistent link: https://www.econbiz.de/10014409970
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Deconstructing the International Business Cycle : Why Does a U.S. Sneeze Give the Rest of the World a Cold?
International Monetary Fund - 2010
The 2008 crisis underscored the interconnectedness of the international business cycle, with U.S. shocks leading to the largest global slowdown since the 1930s. We estimate spillover effects across major advanced country regions in a structural VAR (SVAR) using pre-crisis data. Our new method...
Persistent link: https://www.econbiz.de/10014402644
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Model of the U.S. Current Account
International Monetary Fund - 1988
This paper presents an econometric model of U.S. current account transactions. The model is used to analyze the factors behind the deterioration in the U.S. external position during the 1980s and to examine the sensitivity of the U.S. current account balance to changes in factors which are its...
Persistent link: https://www.econbiz.de/10014396470
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Money Demand in the United States
International Monetary Fund - 1988
This paper considers the demand for various monetary aggregates with a view to assessing their potential roles as intermediate variables for monetary policy. Illustrative estimates using a generalized autoregressive distributed lag model are presented. For M1, the results support an “error...
Persistent link: https://www.econbiz.de/10014396094
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Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
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Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France
International Monetary Fund - 1997
This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as large an effect on employment as untargeted reductions...
Persistent link: https://www.econbiz.de/10014401626