Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated reduced-form general equilibrium model of the Indian economy, which incorporates...

Currency option implied volatility predicts more efficiently exchange rate volatility for the Polish zloty relative to the Czech koruna, reflecting differences in the frequency of central bank intervention in the foreign exchange market. A GARCH model shows a positive impact of the introduction...

This paper studies the factors that have influenced countries' participation in IMF drawing programs. IMF drawing programs are defined as the period of a Stand-By Arrangement or an Extended Fund Facilities program during which a country borrows from the Fund. Since this definition excludes...

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...

The paper presents the yearly and monthly forecast of the Romanian transition economy performed on the basis of the “Dobrescu” macromodel.

The paper briefly presents the "Dobrescu" macromodel, the 2005 version, and the yearly forecast of the Romanian market economy computed on its basis. * (PHARE Programme RO2003/005-551.02.03 "Strengthening the capacity for analysis, macroeconomic forecast and elaboration of economic policies...

The paper presents the yearly and monthly forecast of the Romanian transition economy performed on the basis of the “Dobrescu” macromodel. * Source: Emilian DOBRESCU: Macromodels of the Romanian Transition Economy, third edition, Expert Publishing House, September 2000.

The paper briefly presents the "Dobrescu" macromodel, the 2002 version, and the yearly and monthly (September version) forecast of the Romanian transition economy computed on its basis. * (Source: Emilian Dobrescu, Macromodels of the Romanian Transition Economy, Third edition, Expert Publishing...