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Credibility and Nominal Debt : Exploring the Role of Maturity in Managing Inflation
International Monetary Fund - 1989
This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation … powerful instrument to affect the time profile of the inflation tax base and, hence, to mitigate the distortions introduced by …
Persistent link: https://www.econbiz.de/10014395780
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Inflation Dynamics in Kazakstan
International Monetary Fund - 1995
variability over a prolonged period of time, against a background of high inflation. Convergence toward international relative and …
Persistent link: https://www.econbiz.de/10014398244
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Monetary and Exchange Rate Policies of the Euro Area : The Euro Area Stability Programs
International Monetary Fund - 2000
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861
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the Simplest Test of Target Zone Credibility
International Monetary Fund - 1990
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of...
Persistent link: https://www.econbiz.de/10014395839
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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
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Controlling Inflation : The Problem of Non-Indexed Debt
International Monetary Fund - 1988
We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …
Persistent link: https://www.econbiz.de/10014396297
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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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The Coordination of Domestic Public Debt and Monetary Management in Economies in Transition : Issues and Lessons From Experience
International Monetary Fund - 1994
In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...
Persistent link: https://www.econbiz.de/10014398325
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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