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United Arab Emirates; 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direc...

International Monetary Fund (IMF); International … - 2007

The 2007 Article IV Consultation on the United Arab Emirates (UAE) examines the near- and medium-term outlook, inflation, and fiscal policy. The rapid expansion is supported by an outward-oriented development strategy and sustained high oil prices. Reforms are under way to strengthen the...

Persistent link: https://www.econbiz.de/10011244422

Euro Area Policies; 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direct...

International Monetary Fund (IMF); International … - 2007

The Euro Area Policiesâ€™ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The areaâ€™s external position and the real effective exchange rate of the euro are...

Persistent link: https://www.econbiz.de/10011245374

Inflation and Fiscal Deficits; The Irrelevance of Debt and Money Financing

Barrionuevo, José M. - International Monetary Fund (IMF) - 1992

The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce...

Persistent link: https://www.econbiz.de/10005263970

The International Monetary System in the (Very) Long Run

Sussman, Nathan; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2000

This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and...

Persistent link: https://www.econbiz.de/10005264089

Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System

Pozsar, Zoltan - International Monetary Fund (IMF) - 2011

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

Money, Meat, and Inflation; Using Price Data to Understand An Export Shock in Sudan

Ramcharan, Rodney - International Monetary Fund (IMF) - 2002

Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese livestock. Motivated by this clue, and in the absence of any reliable income or employment data, this paper systematically develops simultaneous models of the consumer price...

Persistent link: https://www.econbiz.de/10005825891

Euro Area Policies; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper for euro area policies analyzes the product market regulation and benefits of wage moderation. The paper identifies structural shifts in the relationship between wages and unemployment ratesâ€”a â€œwage curveâ€â€”in 20 industrial countries. It reviews...

Persistent link: https://www.econbiz.de/10005591480

How to Fight Deflation in a Liquidity Trap; Committing to Being Irresponsible

Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2003

can be analyzed as a credibility problem if the government has only one policy instrument, money supply carried out by … solve the credibility problem. They involve printing money or nominal debt and either (1) cutting taxes, (2) buying real … these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

Persistent link: https://www.econbiz.de/10005599394

The ECBâ€™s Monetary Analysis Revisited

Berger, Helge; Harjes, Thomas; Stavrev, Emil - International Monetary Fund (IMF) - 2008

money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …

Persistent link: https://www.econbiz.de/10005599686

Determinants of Dollarization; The Banking Side

Terrones, Marco; Catão, Luis - International Monetary Fund (IMF) - 2000

Dollarization in financial intermediation has exhibited a widely diverse pattern across countries. Empirical work relating it to macroeconomic variables has had only limited success in explaining the phenomenon. This paper presents a two-currency banking model to show that deposit and loan...

Persistent link: https://www.econbiz.de/10005604809