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the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation …
Persistent link: https://www.econbiz.de/10010790260
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in … recessions, and that uncertainty in initial output gap estimates persists several years. Only a small share of output gap … show that for a group of Latin American inflation targeters the prescriptions from typical monetary policy rules are …
Persistent link: https://www.econbiz.de/10011163120
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure...
Persistent link: https://www.econbiz.de/10010800969
The Middle East and Central Asia’s economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region’s generally low living standards. Why? And is it possible to alter this...
Persistent link: https://www.econbiz.de/10011242348
data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that …
Persistent link: https://www.econbiz.de/10011142089
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