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A Simple Dge Model for Inflation Targeting
International Monetary Fund - 2007
in relative prices. The model''s calibration is intuitive and can draw on the vast experience many countries have with …
Persistent link: https://www.econbiz.de/10014400322
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France : Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial...
International Monetary Fund - 2005
These Technical Notes on France explain integration of global financial markets. The stress tests for the France Financial Sector Assessment Program (FSAP) were designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach. Retail activity by...
Persistent link: https://www.econbiz.de/10014405967
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Is Monetary Policy Effective When Credit is Low?
International Monetary Fund - 2008
, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels …
Persistent link: https://www.econbiz.de/10014401851
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Financial Sector Reforms and Monetary Policy
International Monetary Fund - 1991
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...
Persistent link: https://www.econbiz.de/10014398013
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Monetary Transmission and Financial Indexation : Evidence from the Chilean Economy
International Monetary Fund - 1994
the cyclical position of output and inflation, there is no evidence of a stable, systematic relationship between these …
Persistent link: https://www.econbiz.de/10014397378
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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
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Republic of Moldova : Selected Issues Paper
International Monetary Fund - 2010
The composition of short-term and medium-term adjustment measures will facilitate sufficient short-term adjustment flexibility, and be consistent with medium-term fiscal sustainability. Improving debt resolution instruments will help the banks to regain confidence in lending. Meanwhile, there is...
Persistent link: https://www.econbiz.de/10014403207
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Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy
International Monetary Fund - 2010
This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the … output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to … estimate a New Keynesian Phillips curve for Armenia, suggesting a significant role of the output gap and inflation expectations …
Persistent link: https://www.econbiz.de/10014398416
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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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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and...
Persistent link: https://www.econbiz.de/10011245257