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Information Rigidities in Economic Growth Forecasts; Evidence from a Large International Panel
Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - International Monetary Fund (IMF) - 2013
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...
Persistent link: https://www.econbiz.de/10011242185
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The Great Recession and the Inflation Puzzle
Matheson, Troy; Stavrev, Emil - International Monetary Fund (IMF) - 2013
observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …
Persistent link: https://www.econbiz.de/10010790401
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A Phillips Curve with Anchored Expectations and Short-Term Unemployment
Ball, Laurence M.; Mazumder, Sandeep - International Monetary Fund (IMF) - 2015
based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor … Survey of Professional Forecasters. This specification fits U.S. inflation since 1985, including both the anchored-expectations … period of the 2000s and the preceding period when expectations were determined by past levels of inflation. …
Persistent link: https://www.econbiz.de/10011242402
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Food Inflation in India: The Role for Monetary Policy
Anand, Rahul; Ding, Ding; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
of food inflation in informing inflation expectations and wage setting. Analysis suggests that in order to durably reduce …
Persistent link: https://www.econbiz.de/10010959475
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Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach
Vitek, Francis - International Monetary Fund (IMF) - 2014
, spillover analysis, and forecasting applications of the estimated model are demonstrated. These include quantifying the monetary …
Persistent link: https://www.econbiz.de/10010959478
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Islamic Republic of Iran; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues Paper on Iran reviews that monetary factors are the main determinants of inflation in the country. Government spending out of oil revenues leads to large liquidity injections that the central bank accommodates owing to its efforts to prevent a significant nominal...
Persistent link: https://www.econbiz.de/10011244775
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Niger; Report on the Observance of Standards and Codes: Data Module, Response by the Authorities, Detailed Assessments Using the Data Quality Assessment Framework (DQAF)
International Monetary Fund (IMF); International … - 2006
Niger’s overall macroeconomic statistics is a picture of contrasts. Establishing the National Statistical Institute (INS) and giving it a clear and precise mandate is a step in the right direction. Accuracy and reliability suffer from the weakness of data sources, notably in national...
Persistent link: https://www.econbiz.de/10011244905
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Chile; Selected Issues
International Monetary Fund (IMF); International … - 2006
The report gives details of the economic analysis for the implementation of Chile's inflation targeting framework. It reviews the current state of liquidity in the Chilean fixed-income markets and developments and impediments to the supply of corporate bonds to the market. The paper considers a...
Persistent link: https://www.econbiz.de/10011244929
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Republic of Moldova; Report on Observance of Standards and Codes: Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (DQ...
International Monetary Fund (IMF); International … - 2006
This Report on the Observance of Standards and Codes (ROSC)—data module—provides an assessment of Moldova’s macroeconomic statistics against the recommendations of the General Data Dissemination System (GDDS) complemented by an assessment of data quality based on the...
Persistent link: https://www.econbiz.de/10011245253
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Jamaica; Selected Issues
International Monetary Fund (IMF); International … - 2008
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks to reinvigorate its growth and debt reduction strategy, it is instructive to examine how exogenous shocks and other unanticipated developments can affect economic...
Persistent link: https://www.econbiz.de/10011245592