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Does Inflation Slow Long-Run Growth in India?

Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2014

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

Limited Information Bayesian Model Averaging for Dynamic Panels with An Application to a Trade Gravity Model

Chen, Huigang; Mirestean, Alin; Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2011

This paper extends the Bayesian Model Averaging framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information Bayesian Model Averaging (LIBMA) methodology and then test it using simulated data. Simulation...

Persistent link: https://www.econbiz.de/10009327870

From Stress to Costress; Stress Testing Interconnected Banking Systems

Maino, Rodolfo; Tintchev, Kalin - International Monetary Fund (IMF) - 2012

This paper presents an integrated framework for assessing systemic risk. The framework models banksâ€™ capital asset ratios as a function of future losses and credit growth using a generalized method of moments to calibrate shocks to credit quality and credit growth. The analysis is...

Persistent link: https://www.econbiz.de/10009654147

Growth Determinants Revisited

Tsangarides, Charalambos G.; Mirestean, Alin - International Monetary Fund (IMF) - 2009

, openness, and inflation are robust growth determinants. Overall, the set of our robust growth determinants differs from those …

Persistent link: https://www.econbiz.de/10008497604

Diversity in the Workplace

Vardy, Felix J. J.; Morgan, John - International Monetary Fund (IMF) - 2006

We study a model where an employer, trying to fill a vacancy, engages in optimal sequential search by drawing from two subpopulations of candidates who differ in their "discourse systems": during an interview, a minority candidate with a discourse system not shared with the employer conveys a...

Persistent link: https://www.econbiz.de/10005599296

In Search of Coincident and Leading Indicators of Economic Activity in Argentina

Simone, Alejandro - International Monetary Fund (IMF) - 2001

Time series on economic activity in developing countries, in particular real GDP, are reported with important lags. Therefore, it is useful to construct indicators that coincide or lead the actual direction and level of economic activity. A general methodology to construct these indicators is...

Persistent link: https://www.econbiz.de/10005604906

Growth Empirics Under Model Uncertainty; Is Africa Different?

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2005

higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment …

Persistent link: https://www.econbiz.de/10005264072

A Bayesian Approach to Model Uncertainty

Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2004

This paper develops the theoretical background for the Limited Information Bayesian Model Averaging (LIBMA). The proposed approach accounts for model uncertainty by averaging over all possible combinations of predictors when making inferences about the variables of interest, and it...

Persistent link: https://www.econbiz.de/10005264140

An Analysis of Money Demand and Inflation in the Islamic Republic of Iran

Goswami, Mangal; Celasun, Oya - International Monetary Fund (IMF) - 2002

This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …

Persistent link: https://www.econbiz.de/10005825599

Central Bank Response to the 2007-08 Financial Market Turbulence; Experiences and Lessons Drawn

Stella, Peter; Shimizu, Seiichi; Gray, Simon; Klueh, … - International Monetary Fund (IMF) - 2008

The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...

Persistent link: https://www.econbiz.de/10005825614

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