Narrow search
Showing 1 - 10 of 891
Cover Image
Government Size and Output Volatility : Should We Forsake Automatic Stabilization?
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …
Persistent link: https://www.econbiz.de/10014409031
Cover Image
Macroeconomic Implications for Hong Kong SAR of Accommodative U.S. Monetary Policy
N'Diaye, Papa M'B. P. - 2009
potential to create inflation in both goods and asset markets. Expansionary financial conditions will likely have a greater … impact in fueling asset price inflation, manifested in the model through a strong increase in equity prices. Higher asset …
Persistent link: https://www.econbiz.de/10012677503
Cover Image
Government Size and Output Volatility
Pisani-Ferry, Jean - 2008
The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …
Persistent link: https://www.econbiz.de/10012677598
Cover Image
Trade Openness and Volatility
Levchenko, Andrei A. - 2008
This paper examines the mechanisms through which output volatility is related to trade openness using an industry … appreciable impact on aggregate volatility. Added together they imply that the relationship between trade openness and …
Persistent link: https://www.econbiz.de/10012677612
Cover Image
The Macroeconomic Impact of Scaled-up Aid
Sacerdoti, Emilio - 2009
We develop a simple macroeconomic model that assesses the effects of higher foreign aid on output growth and other macroeconomic variables, including the real exchange rate. The model is easily tractable and requires estimation of only a few basic parameters. It takes into account the impact of...
Persistent link: https://www.econbiz.de/10012677733
Cover Image
Political Instability and Inflation Volatility.
Aisen, Ari - 2006
Persistent link: https://www.econbiz.de/10012690971
Cover Image
Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective
Ötker, Inci - 2009
This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …
Persistent link: https://www.econbiz.de/10012677694
Cover Image
Independent Currency Authorities; An Analytic Primer
Osband, Kent; Villanueva, Delano - International Monetary Fund (IMF) - 1992
This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency against an exchange standard on demand and back such operations through a 100 percent marginal foreign reserve cover. They also impose...
Persistent link: https://www.econbiz.de/10005826316
Cover Image
Central Bank Governance; A Survey of Boards and Management
Morris, JoAnne; Lybek, Tonny - International Monetary Fund (IMF) - 2004
This paper identifies issues to consider when designing the structure, size, and composition of the governing boards and management of a central bank. While central bank autonomy and accountability are generally accepted as good practice, there is less consensus regarding the structure, size,...
Persistent link: https://www.econbiz.de/10005826504
Cover Image
Central Bank Credit to the Government; What Can We Learn From International Practices?
Matamoros-Indorf, Marcela; Sharma, Mrinalini; Townsend, … - International Monetary Fund (IMF) - 2012
Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government...
Persistent link: https://www.econbiz.de/10009650634