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Determinants of Deflation in Hong Kong SAR
Papa M'B. P. N'Diaye - International Monetary Fund (IMF) - 2003
This paper presents a comprehensive econometric analysis of the determinants of deflation in Hong Kong SAR. The analysis helps to determine the relative contributions of factors such as increased productivity, scarce money supply, and excess capacity in determining deflation. The main conclusion...
Persistent link: https://www.econbiz.de/10005248268
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Overshooting and Dollarization in the Democratic Republic of the Congo
Beaugrand, Philippe - International Monetary Fund (IMF) - 2003
of inflation. Differences between the rate of inflation and currency depreciation (over- or undershooting of the exchange …
Persistent link: https://www.econbiz.de/10005264134
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Selected Issues Concerning Monetary Policy and Institutional Design for Central Banks; A Review of Theories
Beddies, Christian H. - International Monetary Fund (IMF) - 2000
In the past decades, much work has been geared toward solving the problem of time inconsistency in monetary policy and analyzing the coordination problem between fiscal and monetary policy. This paper provides a review of the theoretical background to these theories, while also focusing on their...
Persistent link: https://www.econbiz.de/10005826014
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Inflation and Monetary Reform
Agénor, Pierre-Richard; Lennblad, Anna - International Monetary Fund (IMF) - 1992
The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial “excess” stock of liquidity. The paper examines the...
Persistent link: https://www.econbiz.de/10005826265
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Inflation Determinants in Paraguay; Cost Push Versus Demand Pull Factors
Monfort, Brieuc; Peña, Santiago - International Monetary Fund (IMF) - 2008
This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory … of inflation and the monetary theory of inflation. We also study the impact of different monetary aggregates. The results … suggest that monetary factors, in particular currency in circulation, play a major role in determining long-run inflation …
Persistent link: https://www.econbiz.de/10005826475
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Investigating Inflation Dynamics in Sudan
Moriyama, Kenji - International Monetary Fund (IMF) - 2008
This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the …-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is … inflation with 18-24 months time lag. …
Persistent link: https://www.econbiz.de/10005768738
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Fiscal Deficits and Inflation; A New Look At the Emerging Market Evidence
Terrones, Marco; Catão, Luis - International Monetary Fund (IMF) - 2001
and inflation in broad cross-country panels. This paper provides new econometric estimates for a panel of 23 emerging …-run relationship between the two variables controlling for differences in the inflation tax base. We find that a 1 percentage point … reduction in the ratio of fiscal deficit to GDP typically lowers long-run inflation by 1½ to 6 percentage points, depending on …
Persistent link: https://www.econbiz.de/10005768892
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Money Demand and Inflation in Dollarized Economies; The Case of Russia
Ohnsorge, Franziska; Oomes, Nienke - International Monetary Fund (IMF) - 2005
inflation. In this paper, we show that a stable money demand function for Russia can be found for "effective broad money," which … effect on short-run inflation. …
Persistent link: https://www.econbiz.de/10005769060
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Currency Substitution in Developing Countries; An Introduction
Calvo, Guillermo; Gramont, Carlos A. Végh - International Monetary Fund (IMF) - 1992
substitution affects the choice of nominal anchors in inflation stabilization programs; third, the effects of changes in the rate …
Persistent link: https://www.econbiz.de/10005769096
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Fiscal and Monetary Anchors for Price Stability; Evidence From Sub-Saharan Africa
International Monetary Fund (IMF); International … - 2008
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level. …
Persistent link: https://www.econbiz.de/10005769262