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International Monetary Fund - 1988

Observers have often characterized asset markets as being subject to periods of tranquility and periods of turbulence. Until recently, however, researchers were unable to produce closed-form asset pricing formulas in a model environment of time-varying risk. Some work by Abel provided us with...

Persistent link: https://www.econbiz.de/10014396175

Macroeconomics and Famine

International Monetary Fund - 1989

The aim of the paper is to shift the focus of famine analysis away from food supply towards the macroeconomic determinants of food entitlement—i.e., to the ability of individuals to purchase food. Towards this end, we develop a model to demonstrate how loose monetary and fiscal policies may...

Persistent link: https://www.econbiz.de/10014396163

Fiscal Implications of the Global Economic and Financial Crisis

International Monetary Fund - 2009

This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the...

Persistent link: https://www.econbiz.de/10014401002

Fiscal Implications of the Global Economic and Financial Crisis

International Monetary Fund - 2009

The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue decline from the downturn in commodity and asset prices, are leading to sharp...

Persistent link: https://www.econbiz.de/10014404400

Government Spending and Inflationary Finance : A Public Finance Approach

International Monetary Fund - 1988

This paper analyzes the relationship between inflation tax and the level of government spending in a public finance …

Persistent link: https://www.econbiz.de/10014396097

Public Finance in Islam

International Monetary Fund - 1989

do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at …

Persistent link: https://www.econbiz.de/10014396236

Fiscal Monitor, October 2021 : Strengthening the Credibility of Public Finances

International Monetary Fund - 2021

Chapter 1 argues that fiscal policy should remain nimble and strengthen its medium-term frameworks, as countries face highly uncertain and differentiated prospects. Vaccination has saved lives and is helping fuel a nascent recovery, but risks are elevated amidst new virus variants, high debt,...

Persistent link: https://www.econbiz.de/10015060635

Exchange Rate Volatility and World Trade

International Monetary Fund - 1984

In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate...

Persistent link: https://www.econbiz.de/10014406218

Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi … exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new … volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong …

Persistent link: https://www.econbiz.de/10014399797

Remoteness and Real Exchange Rate Volatility

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing … higher trade costs result in a larger nontradable sector. This, in turn, leads to higher real exchange rate volatility. We …

Persistent link: https://www.econbiz.de/10014404193

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