Narrow search
Showing 1 - 10 of 235
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Inflation Dynamics in Yemen; An Empirical Analysis
Almounsor, Abdullah - International Monetary Fund (IMF) - 2010
Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of … inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector … Autoregression Model, and (iii) a Vector Error Correction Model. The outcomes suggest that inflation dynamics in Yemen are driven by …
Persistent link: https://www.econbiz.de/10008542979
Cover Image
How to Fight Deflation in a Liquidity Trap; Committing to Being Irresponsible
Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2003
these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …
Persistent link: https://www.econbiz.de/10005599394
Cover Image
The ECB’s Monetary Analysis Revisited
Berger, Helge; Harjes, Thomas; Stavrev, Emil - International Monetary Fund (IMF) - 2008
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10005599686
Cover Image
Stabilization Programs and External Enforcement; Experience From the 1920's
Santaella, Julio A. - International Monetary Fund (IMF) - 1993
Credibility and financing problems are important reasons why countries may seek to involve external institutions in the design and implementation of stabilization programs. In particular, governments may rely on external institutions to ‘enforce’ programs that would otherwise lack...
Persistent link: https://www.econbiz.de/10005599774
Cover Image
Currency Substitution and Inflation in Peru
Rojas-Suárez, Liliana - International Monetary Fund (IMF) - 1992
transmission mechanism through which domestic policies affected the dynamics of inflation was relatively small during a period of … high but relatively stable inflation (January 1978-85), it became an important factor in the inflation process during the …
Persistent link: https://www.econbiz.de/10005604822