Showing 1 - 10 of 3,695
Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After … impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10011242214
inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …
Persistent link: https://www.econbiz.de/10011242465
demand shock and to assess how the effects of various demand and supply shocks change in the presence of oil storage facility … shown to have a mitigating or amplifying role depending on the nature of the shock. …
Persistent link: https://www.econbiz.de/10011242253
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
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
of Ethiopia are encouraging, with a significant deceleration in inflation and continued robust economic growth. Despite … construction and other services activities. Inflation declined from the peak of 40 percent in July 2011 to about 7 percent in June …
Persistent link: https://www.econbiz.de/10011245705
This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to which commercial bank holdings of excess liquidity...
Persistent link: https://www.econbiz.de/10005826003
This paper proposes a framework to check for consistency between the IMF's standard country surveillance tool, namely medium-term projections of the macroeconomic framework (including the real, fiscal, external, and monetary sectors), and the financial sector. Consistency here entails that the...
Persistent link: https://www.econbiz.de/10005826073
between 2003 and 2008, mainly due to positive risk sentiment, rising inflation and increasingly diversified banking sectors … proliferated and inflation moderated. …
Persistent link: https://www.econbiz.de/10011123851
Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have been actively employed. Despite their...
Persistent link: https://www.econbiz.de/10010878415