Showing 1 - 10 of 1,190
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 model’s...
Persistent link: https://www.econbiz.de/10011242434
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 …
Persistent link: https://www.econbiz.de/10011242214
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
policy has a strong and statistically significant impact on broad money, non-oil activity, and inflation in the GCC region …
Persistent link: https://www.econbiz.de/10010878414
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
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …
Persistent link: https://www.econbiz.de/10010959473
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …
Persistent link: https://www.econbiz.de/10010959475
are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open …-economy, New Keynsian Phillips curve, in which we control for imported inflation. Regression results suggest that falling food and … energy prices have been the main disinflationary driver. But low core inflation in the euro area has also had a clear and …
Persistent link: https://www.econbiz.de/10010959481
This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The...
Persistent link: https://www.econbiz.de/10011244175