Narrow search
Showing 1 - 10 of 1,192
Cover Image
Food Inflation in India: The Role for Monetary Policy
Anand, Rahul; Ding, Ding; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate … that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …
Persistent link: https://www.econbiz.de/10010959475
Cover Image
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 … growing discontent with inflation, however, has compelled policymakers to focus on this issue, bringing it to the forefront of …
Persistent link: https://www.econbiz.de/10011244775
Cover Image
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 …
Persistent link: https://www.econbiz.de/10011244929
Cover Image
Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth
Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to...
Persistent link: https://www.econbiz.de/10005248323
Cover Image
The Monetary Model Strikes Back; Evidence From the World
Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2008
We revisit the dramatic failure of monetary models in explaining exchange rate movements. Using the information content from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We also find fundamentalsbased models very successful in...
Persistent link: https://www.econbiz.de/10005263651
Cover Image
A Small Quarterly Projection Model of the US Economy
Ermolaev, Igor; Juillard, Michel; Carabenciov, Ioan; … - International Monetary Fund (IMF) - 2008
sensible forecasting properties. After developing a benchmark model without financial-real linkages, we introduce such linkages …
Persistent link: https://www.econbiz.de/10005263685
Cover Image
Comparing Projections and Outcomes of IMF-Supported Programs
Phillips, Steven; Musso, Alberto - International Monetary Fund (IMF) - 2001
analyses of the relationship between projections and outcomes for growth, inflation, and three balance of payments concepts …. Statistical bias is found only for projections of inflation and official reserves. Statistical efficiency can be rejected for all …
Persistent link: https://www.econbiz.de/10005263972
Cover Image
A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices
Juillard, Michel; Freedman, Charles; Korshunov, Dmitry; … - International Monetary Fund (IMF) - 2008
This is the third of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...
Persistent link: https://www.econbiz.de/10005264080
Cover Image
Constructing Forecast Confidence Bands During the Financial Crisis
Clinton, Kevin; Johnson, Marianne; Chen, Huigang; … - International Monetary Fund (IMF) - 2009
We derive forecast confidence bands using a Global Projection Model covering the United States, the euro area, and Japan. In the model, the price of oil is a stochastic process, interest rates have a zero floor, and bank lending tightening affects the United States. To calculate confidence...
Persistent link: https://www.econbiz.de/10008559263
Cover Image
Bayesian Vars; A Survey of the Recent Literature with An Application to the European Monetary System
Ciccarelli, Matteo; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003
issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …
Persistent link: https://www.econbiz.de/10005825693