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Monetary Policy Credibility and the Unemployment-Inflation Tradeoff; Some Evidence From 17 Industrial Countries

Papa M'B. P. N'Diaye; Laxton, Douglas - International Monetary Fund (IMF) - 2002

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

Persistent link: https://www.econbiz.de/10005263831

A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic

Benes, Jaromir; Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2004

non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter. …

Persistent link: https://www.econbiz.de/10005264226

Hong Kong SAR; Meeting the Challenges of Integration with the Mainland

Lee, William; Chan-Lau, Jorge A.; Iakova, Dora M.; Papa … - International Monetary Fund (IMF) - 2004

This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...

Persistent link: https://www.econbiz.de/10005590857