Narrow search
Showing 1 - 10 of 101
Cover Image
Made in Mexico: Energy Reform and Manufacturing Growth
Alvarez, Jorge; Valencia, Fabian - International Monetary Fund (IMF) - 2015
energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process …, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output …. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could …
Persistent link: https://www.econbiz.de/10011242302
Cover Image
Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention
Bertola, Giuseppe; Bartolini, Leonardo; Prati, Alessandro - International Monetary Fund (IMF) - 2000
We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each “reserve maintenance period,” when the...
Persistent link: https://www.econbiz.de/10005825728
Cover Image
Day-To-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate
Prati, Alessandro; Bertola, Giuseppe; Bartolini, Leonardo - International Monetary Fund (IMF) - 2000
We propose a model of the interbank money market with an explicit role for central bank intervention and periodic reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at high frequency. The model yields predictions on biweekly...
Persistent link: https://www.econbiz.de/10005769266
Cover Image
An Evaluation of the World Economic Outlook Forecasts
Timmermann, Allan - International Monetary Fund (IMF) - 2006
The World Economic Outlook (WEO) is a key source of forecasts of global economic conditions. It is therefore important to review the performance of these forecasts against both actual outcomes and alternative forecasts. This paper conducts a series of statistical tests to evaluate the quality of...
Persistent link: https://www.econbiz.de/10005769333
Cover Image
Relative Prices, Inflation and Core Inflation
Roger, Scott - International Monetary Fund (IMF) - 2000
Empirical evidence on the distribution of relative price changes almost invariably reveals high kurtosis and a tendency toward right-skewness. Simple mixed distribution models including volatile and infrequently adjusted prices can account for these and other common features, such as correlation...
Persistent link: https://www.econbiz.de/10005599288
Cover Image
Jordan: Selected Issues
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper investigates the macroeconomic impact of the Syria crisis on Jordan. It is indicated that the crisis: (1) had an overall negative impact on measured output growth—although anecdotal evidence suggests possibly a positive impact on output in the informal sector;...
Persistent link: https://www.econbiz.de/10011243054
Cover Image
Pakistan; Request for an Extension of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2010
The Pakistani authorities placed a request for a nine-month extension of the Stand-By Arrangement (SBA), to get sufficient time to complete the remaining fifth and sixth reviews under the SBA. The authorities believe that extending the arrangement will provide time to complete the reform of the...
Persistent link: https://www.econbiz.de/10011243462
Cover Image
Islamic Republic of Iran; Selected Issues Paper
International Monetary Fund (IMF); International … - 2010
This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic … policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the countryâ …
Persistent link: https://www.econbiz.de/10011244080
Cover Image
Colombia; Selected Issues
International Monetary Fund (IMF); International … - 2006
In recent years, Colombia has found several innovative ways to improve the efficiency of its public enterprise sector. One option used by Colombia to reform public enterprises has been to enhance their commercial orientation and limit the fiscal risk. If a public enterprise is considered...
Persistent link: https://www.econbiz.de/10011244154
Cover Image
Libya; Selected Issues
International Monetary Fund (IMF); International … - 2013
facilitate fuel and electricity subsidy reform, food subsidy reform should be undertaken. …
Persistent link: https://www.econbiz.de/10011244740