Similar Search Results

The Impact of Uncertainty Shocks on the UK Economy

Denis, Stephanie; Kannan, Prakash - International Monetary Fund (IMF) - 2013

This paper quantifies the economic impact of uncertainty shocks in the UK using data that span the recent Great Recession. We find that uncertainty shocks have a significant impact on economic activity in the UK, depressing industrial production and GDP. The peak impact is felt fairly quickly at...

Persistent link: https://www.econbiz.de/10010790244

Aggregate Stability and Balanced-Budget Rules

Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014

It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule. This paper introduces in an otherwise standard real...

Persistent link: https://www.econbiz.de/10010790380

Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness

Imam, Patrick A. - International Monetary Fund (IMF) - 2013

Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in unemployment—compared to the past. We examine another...

Persistent link: https://www.econbiz.de/10011242214

Risk Exposures and Financial Spillovers in Tranquil and Crisis Times; Bank-Level Evidence

Poirson, Hélène; Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2013

For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...

Persistent link: https://www.econbiz.de/10011242342

Global Bonding; Do U.S. Bond and Equity Spillovers Dominate Global Financial Markets?

Bayoumi, Tamim; Bui, Trung - International Monetary Fund (IMF) - 2012

This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks reverberate around the world much more strongly...

Persistent link: https://www.econbiz.de/10011242378

The Effects of Unconventional Monetary Policies on Bank Soundness

Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014

Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...

Persistent link: https://www.econbiz.de/10011142163

Islamic Finance in Sub-Saharan Africa: Status and Prospects

Gelbard, E.; Hussain, Mumtaz; Maino, Rodolfo; Mu, Yibin; … - International Monetary Fund (IMF) - 2014

. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and …

Persistent link: https://www.econbiz.de/10010959474

Georgia: Financial System Stability Assessment

International Monetary Fund (IMF); International … - 2014

This paper discusses findings of the Financial System Stability Assessment for Georgia. Georgia has weathered several shocks, but still faces a number of important risks. The economy has withstood well the conflict with Russia, the global financial crisis, and domestic political uncertainty....

Persistent link: https://www.econbiz.de/10011244303

Germany: Selected Issues

International Monetary Fund (IMF); International … - 2014

Persistent link: https://www.econbiz.de/10011244338

Belgium; Detailed Assessment of Observance of Insurance Core Principles

International Monetary Fund (IMF); International … - 2013

The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront … in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level … of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are …

Persistent link: https://www.econbiz.de/10011244392

1
2
3
4
5
6
7
8
9
10
Next
Last