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Putting the New Keynesian Model to a Test
Straub, Roland; Peersman, Gert - International Monetary Fund (IMF) - 2006
In recent years, New Keynesian dynamic stochastic general equilibrium (NK DSGE) models have become increasingly popular in the academic literature and in policy analysis. However, the success of these models in reproducing the dynamic behavior of an economy following structural shocks is still...
Persistent link: https://www.econbiz.de/10005264045
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The Plutocratic Bias in the CPI; Evidence From Spain
Castillo, Javier Ruiz; Ley, Eduardo; Izquierdo, Mario - International Monetary Fund (IMF) - 2000
We define the plutocratic bias as the difference between inflation measured according to the current official CPI and a … democratic index in which all households receive the same weight. We estimate that during the 1990s the plutocratic bias in Spain … mean absolute bias is significantly larger, 0.090. We can explain most of the oscillations experimented by the plutocratic …
Persistent link: https://www.econbiz.de/10005264149
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Capital Flows and Financial Stability; Monetary Policy and Macroprudential Responses
Unsal, D. Filiz - International Monetary Fund (IMF) - 2011
challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and …," which calls for a rather aggressive monetary policy reaction to inflation, introducing macroprudential measures is found to …
Persistent link: https://www.econbiz.de/10009293772
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Israel; 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel
International Monetary Fund (IMF); International … - 2005
This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening...
Persistent link: https://www.econbiz.de/10005825350
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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 Chile’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
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Romania; Selected Issues Paper
International Monetary Fund (IMF); International … - 2012
This paper on Romania was prepared by a staff team of the International Monetary Fund as background documentation for … the views of the government of Romania or the Executive Board of the IMF. …
Persistent link: https://www.econbiz.de/10011245066
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Cape Verde; Statistical Appendix
International Monetary Fund (IMF); International … - 2006
The report provides the IMF's projections and estimates of Cape Verde on selected economic and financial indicators, 2001–05; social and demographic indicators, 2001–04; consumer prices; gross domestic product sources and uses of resources; gross domestic product by industry at current...
Persistent link: https://www.econbiz.de/10011244151
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Federated States of Micronesia; Statistical Appendix
International Monetary Fund (IMF); International … - 2011
This statistical appendix for the Federated States of Micronesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with wages. Consumer price index, Pohnpei consumer index, Chuuk consumer index, Kosrae consumer index, and...
Persistent link: https://www.econbiz.de/10011244212
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India; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for India
International Monetary Fund (IMF); International … - 2009
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...
Persistent link: https://www.econbiz.de/10011244299
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Georgia; First Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia
International Monetary Fund (IMF); International … - 2009
The staff report for the First Review Under the Stand-By Arrangement with the officials of Georgia highlights economic developments and policies. Sustaining economic growth and maintaining confidence in the currency and the financial system within the constraints of available external financing...
Persistent link: https://www.econbiz.de/10011244543