Similar Search Results

Revisiting Tourism Flows to the Caribbean: What is Driving Arrivals?

Laframboise, Nicole; Mwase, Nkunde; Park, Joonkyu; … - International Monetary Fund (IMF) - 2014

static nominal price comparison index. The paper finds that: (i) tourism arrivals and expenditure are sensitive to both price … and income factors in source markets; (ii) price and income elasticities of tourism have declined since 2008; (iii) price …

Persistent link: https://www.econbiz.de/10011123825

The Impact of Trade Liberalizationon the Trade Balance in Developing Countries

Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008

Using two recently constructed measures of trade liberalization dates, this research studies the impact of trade liberalization on imports, exports, and overall trade balance for a large sample of developing countries. We find strong and consistent evidence that trade liberalization leads to...

Persistent link: https://www.econbiz.de/10005248278

France; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper analyzes the recent French inflation behavior. The paper demonstrates that the recent change in French headline inflation behavior resulted from a few idiosyncratic, i.e., transient, factors. The paper describes the model setup and calibration of some crucial economic...

Persistent link: https://www.econbiz.de/10005252764

United Kingdom; Selected Issues

International Monetary Fund (IMF); International … - 2003

evidence, the paper assesses whether recent housing price increases can be explained by fundamentals or whether they represent …

Persistent link: https://www.econbiz.de/10005252805

The Impact of Introducing a Minimum Wageon Business Cycle Volatility; A Structural Analysis for Hong Kong SAR

International Monetary Fund (IMF); International … - 2008

.2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …

Persistent link: https://www.econbiz.de/10005263930

A Simple Dge Model for Inflation Targeting

International Monetary Fund (IMF); International … - 2007

The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...

Persistent link: https://www.econbiz.de/10005264004

Price Subsidies and the Conduct of Monetary Policy

Rebei, Nooman; Aissa, Mohamed Safouane Ben - International Monetary Fund (IMF) - 2012

sticky-price sector and a subsidized price sector for a large number of countries using Bayesian methods. The main result of …, we numerically identify country specific thresholds for the degree of government intervention in price setting under …

Persistent link: https://www.econbiz.de/10009650639

Capital Flows and Financial Stability; Monetary Policy and Macroprudential Responses

Unsal, D. Filiz - International Monetary Fund (IMF) - 2011

The resumption of capital flows to emerging market economies since mid 2009 has posed two sets of interrelated challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and (ii) to minimize the risk that prolonged periods of easy...

Persistent link: https://www.econbiz.de/10009293772

Incorporating Financial Stability in Inflation Targeting Frameworks

Aydin, Burcu; Volkan, Engin - International Monetary Fund (IMF) - 2011

The global financial crisis has exposed the limitations of a conventional inflation targeting (IT) framework in insulating an economy from shocks, and demonstrated that its rigid application may aggravate the effect of shocks on output and inflation. Accordingly, we investigate possible...

Persistent link: https://www.econbiz.de/10009327860

World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy

Catão, Luis; Chang, Roberto - International Monetary Fund (IMF) - 2013

response to world food price shocks. This exacerbates the policy trade-off between stabilizing output prices vis a vis the real … exchange rate, to an extent that depends on risk sharing and the price elasticity of exports. Under perfect risk sharing …, targeting the headline CPI welfare-dominates targeting the PPI if the variance of food price shocks is not too small and the …

Persistent link: https://www.econbiz.de/10010838009