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financial markets and spillovers from Europe to Japan. The results also suggest that the uncertainty about the direction of …
Persistent link: https://www.econbiz.de/10011242378
inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the …, than the individual national aggregates in predicting nominal aggregates such as inflation and the price level, while …
Persistent link: https://www.econbiz.de/10005263937
This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explores the relative predictive power of market variables compared to credit...
Persistent link: https://www.econbiz.de/10008839345
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …
Persistent link: https://www.econbiz.de/10011245903
-side flexibility are indeed the main channel through which monetary policy lowers the volatility of inflation and, even more …
Persistent link: https://www.econbiz.de/10005263913
and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United …This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds … Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are …
Persistent link: https://www.econbiz.de/10005826197
Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …
Persistent link: https://www.econbiz.de/10005769267
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952