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Impact of Demographic Changes on Inflation and the Macroeconomy

Yoon, Jong-Won; Kim, Jinill; Lee, Jungjin - International Monetary Fund (IMF) - 2014

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

Persistent link: https://www.econbiz.de/10011123847

The Case for a Long-Run Inflation Target of Four Percent

Ball, Laurence M. - International Monetary Fund (IMF) - 2014

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to … target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero … cost, because four percent inflation does not harm an economy significantly. …

Persistent link: https://www.econbiz.de/10010790372

Getting to Know GIMF; The Simulation Properties of the Global Integrated Monetary and Fiscal Model

Anderson, Derek; Hunt, Ben; Kortelainen, Mika; Kumhof, … - International Monetary Fund (IMF) - 2013

The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the modelâ€™s...

Persistent link: https://www.econbiz.de/10011242434

Guatemala; Selected Issues and Analytical Notes

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper estimates both Guatemalaâ€™s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemalaâ€™s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...

Persistent link: https://www.econbiz.de/10011243930

Exchange Rate Policy in Developing Countries; Some Analytical Issues

Montiel, Peter; Aghevli, Bijan B.; Khan, Mohsin S. - International Monetary Fund (IMF) - 1991

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.

Persistent link: https://www.econbiz.de/10005767344

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Chile; Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004

This paper presents the primary institutions and economic policies that have led to Chileâ€™s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

Persistent link: https://www.econbiz.de/10005767351

Moving to Greater Exchange Rate Flexibility; Operational Aspects Based on Lessons from Detailed Country Experiences

Ötker, Inci - International Monetary Fund (IMF) - 2007

Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...

Persistent link: https://www.econbiz.de/10005767365

Turkey at the Crossroads; From Crisis Resolution to EU Accession

McGettigan, Donal; Debrun, Xavier; Griffiths, Mark E. L.; … - International Monetary Fund (IMF) - 2005

levels. This paper reviews Turkeyâ€™s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

Persistent link: https://www.econbiz.de/10005767368

Adopting Inflation Targeting; Practical Issues for Emerging Market Countries

Zelmer, Marc; Schaechter, Andrea - International Monetary Fund (IMF) - 2000

Persistent link: https://www.econbiz.de/10005767372