Narrow search
Showing 1 - 10 of 1,018
Cover Image
Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
Milesi-Ferretti, Gian-Maria - 2008
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further...
Persistent link: https://www.econbiz.de/10012677685
Cover Image
Foreign Reserve Adequacy in sub-Saharan Africa
Fund, International Monetary - 2008
reserves by comparing the cost of holding reserves with their benefits as an insurance against a shock. We find that the …
Persistent link: https://www.econbiz.de/10012677596
Cover Image
International Reserves and Self-Insurance against External Shocks
Barnichon, Régis - 2008
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical...
Persistent link: https://www.econbiz.de/10012677607
Cover Image
Macroeconomic Responses to Terms-of-Trade Shocks
Berkmen, Pelin - 2009
to assess the potential impact of different combinations of monetary and fiscal policies on output, inflation, and the …
Persistent link: https://www.econbiz.de/10012677786
Cover Image
In Search of a Dramatic Equilibrium; Was the Armenian Dram Overvalued?
Oomes, Nienke; Stepanyan, Vahram; Minasyan, Gohar; … - International Monetary Fund (IMF) - 2009
This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was...
Persistent link: https://www.econbiz.de/10005825670
Cover Image
Estimating China's "Equilibrium" Real Exchange Rate
Li, Xiangming; Dunaway, Steven Vincent - International Monetary Fund (IMF) - 2005
The number of studies attempting to estimate the "equilibrium" real value of China's currency has proliferated in recent years as the country's presence in world markets has grown. These studies have sought to establish whether or not a significant part of China's competitive prowess can be...
Persistent link: https://www.econbiz.de/10005825966
Cover Image
Monetary Union in West Africa; Who Might Gain, Who Might Lose, and Why?
Masson, Paul R.; Debrun, Xavier; Pattillo, Catherine A. - International Monetary Fund (IMF) - 2002
We develop a multicountry model in which governments aim at excessive spending in order to serve the narrow interests of the group in power. This puts pressure on the monetary authorities to extract seigniorage, and thus affects the incentives countries would have to participate in a monetary...
Persistent link: https://www.econbiz.de/10005825633
Cover Image
Determinants of Inflation in the Islamic Republic of Iran; A Macroeconomic Analysis
Liu, O.; Adedeji, Olumuyiwa - International Monetary Fund (IMF) - 2000
This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran …, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and … inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for …
Persistent link: https://www.econbiz.de/10005825654
Cover Image
Analyzing Determinants of Inflation When there Are Data Limitation:The Case of Sierra Leone
Kalonji, Kadima D.; Gottschalk, Jan; Miyajima, Ken - International Monetary Fund (IMF) - 2008
This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR …) approach to help forecast inflation for operational purposes. Despite data limitations, the paper accurately models inflation … in Sierra Leone. As economic theory predicts, domestic inflation is found to increase with higher oil prices, higher …
Persistent link: https://www.econbiz.de/10005825688
Cover Image
Modeling Inflation for Mali
Diouf, Mame Astou - International Monetary Fund (IMF) - 2007
This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic … long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali. …
Persistent link: https://www.econbiz.de/10005825714