Narrow search
Showing 1 - 10 of 2,574
Cover Image
Financial Sector Reforms and Monetary Policy
International Monetary Fund (IMF); International … - 1991
in credit allocation, increased independence for the central bank, and a deepening of money and securities markets. Such …
Persistent link: https://www.econbiz.de/10005826634
Cover Image
Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom
Meier, André - International Monetary Fund (IMF) - 2009
The Bank of England's current "quantitative easing" strategy has given rise to a controversial debate about the effects …
Persistent link: https://www.econbiz.de/10008528642
Cover Image
Republic of Poland; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the...
Persistent link: https://www.econbiz.de/10011244033
Cover Image
Romania; Selected Issues
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that...
Persistent link: https://www.econbiz.de/10011245389
Cover Image
Imperfect Central Bank Communication; Information Versus Distraction.
Orphanides, Athanasios; Dale, Spencer; Österholm, Pär - International Monetary Fund (IMF) - 2008
benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the … value of communicating imperfect information is ambiguous. There is a risk that the central bank can distract the public …; this means that the central bank may prefer to focus its communication policies on the information it knows most about …
Persistent link: https://www.econbiz.de/10005248250
Cover Image
Sources of Inflation in Sub-Saharan Africa
Peiris, Shanaka J.; Barnichon, Régis - International Monetary Fund (IMF) - 2007
This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating vectors for the production function and the real...
Persistent link: https://www.econbiz.de/10005263752
Cover Image
Monetary Policy and Corporate Behaviour in India
International Monetary Fund (IMF); International … - 2005
-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall debt including bank debt …, although the lagged response is positive, and listed firms increase their short-term bank borrowings, after monetary tightening …
Persistent link: https://www.econbiz.de/10005263785
Cover Image
Recent Inflationary Trends in World Commodities Markets
Krichene, Noureddine - International Monetary Fund (IMF) - 2008
Expansionary monetary policies in key industrial countries and sharply depreciating U.S. dollar exchange rate sent commodities prices soaring at unprecedented rates during 2003-2007. Food prices rose to alarming levels threatening malnutrition and food riots. In contrast, consumer price indices,...
Persistent link: https://www.econbiz.de/10005263936
Cover Image
How Useful is Monetary Econometrics in Low-Income Countries? T+L3104he Case of Money Demand and the Multipliers in Rwanda
Bella, Gabriel Di; Hauner, David - International Monetary Fund (IMF) - 2005
This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy instruments on the one hand, and its somewhat typical data and institutional...
Persistent link: https://www.econbiz.de/10005263938
Cover Image
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