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develops simultaneous models of the consumer price index (CPI) and the exchange rate to assess the economic impact of the … value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price … livestock exports. Therefore, unable to export livestock, farmers may have flooded the local market with meat, lowering food …
Persistent link: https://www.econbiz.de/10005825891
, 2009), this paper discusses various options to move towards a new benchmarking system in the money market. It proposes a … other retail loans to the real economy. Yet, the prevailing role of these benchmarks appears to be more a legacy from … more ambitious benchmark design that would consist of a trade-weighted index that would systematically pool all short …
Persistent link: https://www.econbiz.de/10011242252
potential output gains from a full market access of Canada’s energy products could reach about 2 percent of GDP over a 10-year …
Persistent link: https://www.econbiz.de/10011242669
Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and...
Persistent link: https://www.econbiz.de/10011243536
This Selected Issues paper for the Kingdom of the Netherlands reports the Antillean economy lacks natural resources and … is open and undiversified, relying mainly on exports of services such as tourism, international financial services …
Persistent link: https://www.econbiz.de/10011243672
capital markets; to open the banking sector to greater competition; and to strengthen the legal framework for the financial … diversification of the economy. …
Persistent link: https://www.econbiz.de/10011244422
The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing … financial sector is also key to improving performance. …
Persistent link: https://www.econbiz.de/10011245374
much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed … financial instability. In contrast, giving, inter alia, monetary factors a role in central banks’ policy decisions, as is done … financial stability. Finally, this paper makes a case against increasing the central banks’ inflation target. …
Persistent link: https://www.econbiz.de/10009019599
A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and persistent when it sets in, irrespective of the source. Exchange...
Persistent link: https://www.econbiz.de/10008646425
Through the profiling of institutional cash pools, this paper explains the rise of the "shadow" banking system from a demand-side perspective. Explaining the rise of shadow banking from this angle paints a very different picture than the supply-side angle that views it as a story of banks'...
Persistent link: https://www.econbiz.de/10009293767