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Group of Twenty : Measures Which are Both Macroprudential and Capital Flow Management Measures
International Monetary Fund - 2015
The global financial crisis underscored the costs of systemic instability at both the national and global levels and highlighted the importance of dedicated macroprudential and capital flow management policies. The IMF has been assisting its members with policy advice as well as developing and...
Persistent link: https://www.econbiz.de/10014408571
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Oil Shocks and External Balances
International Monetary Fund - 2007
of oil shocks on the merchandise trade balance and the current account, which depending on the source of the shock can be …
Persistent link: https://www.econbiz.de/10014401265
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The Effects of Currency Substitutionon the Response of the Current Account to Supply Shocks
International Monetary Fund - 1988
introduced into the analysis, the same shock could cause a current account deficit. Furthermore, the higher the dependence of the …
Persistent link: https://www.econbiz.de/10014396256
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Current Account Dynamics : The Role of Real Shocks
International Monetary Fund - 1989
This paper demonstrates how a full-blown optimizing model of the dynamics of the current account can be reduced to a small-scale collection of reduced-form relations capable of implementing a rich set of macro-economic simulations. Emphasizing the role of shocks to productivity, labor...
Persistent link: https://www.econbiz.de/10014395801
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Commodity Markets and the International Transmission of Fiscal Shocks
International Monetary Fund - 1988
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/10014395951
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A Noteon Terms of Trade Shocks and the Wage Gap
International Monetary Fund - 2010
Using Chilean data, we document that for resource-rich small open economies the effects of terms of trade shocks on the wage gap (between skilled and unskilled workers) depend on factor intensities in the non-tradable sector, following the model in Galiani, Heymann, and Magud (2010). For a...
Persistent link: https://www.econbiz.de/10014403224
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Guidance Note on the Exogenous Shocks Facility
International Monetary Fund - 2006
The ESF, established within the Poverty Reduction and Growth Facility and Exogenous Shocks Facility (PRGF-ESF) Trust, complements existing Fund instruments for providing timely support, including financing at more appropriate terms, to low-income members that are facing sudden and exogenous...
Persistent link: https://www.econbiz.de/10014410054
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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
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A Simple Dge Model for Inflation Targeting
International Monetary Fund - 2007
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT …
Persistent link: https://www.econbiz.de/10014400322
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Market Information and Signaling in Central Bank Operations, Or, How often Should a Central Bank Intervene?
International Monetary Fund - 1997
A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow. It is shown how the optimal operating procedure balances the value of attaining an immediate target and broadcasting the central...
Persistent link: https://www.econbiz.de/10014400555