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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 countries covering all regions and a broad range of...
Persistent link: https://www.econbiz.de/10012677694
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World Crude Oil Markets : Monetary Policy and the Recent Oil Shock
Krichene, Noureddine - 2006
Intro -- Content -- I. INTRODUCTION -- II. OIL PRICE VOLATILITY -- III. THE DEMAND AND SUPPLY OF CRUDE OIL -- IV. ROLE OF MONETARY POLICY IN THE OIL MARKETS -- V. SOLUTION OF THE SEM -- VI. CONCLUSIONS -- APPENDIX -- REFERENCES.
Persistent link: https://www.econbiz.de/10012690972
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How Vulnerable is Sub-Saharan Africa to Geoeconomic Fragmentation?
Bolhuis, Marijn - 2024
This paper studies the potential effects of geoeconomic fragmentation (GEF) in the sub-Saharan Africa region (SSA) through quantifying potential long-term economic costs. The paper considers two alternative GEF scenarios in which trade relations are fully or partially curtailed across world...
Persistent link: https://www.econbiz.de/10015058582
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Analyzing Fiscal Space Using the MAMS Model
Fund, International Monetary - 2009
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10012677888
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The Return of Expansionary Austerity: Firms' Investment Response to Fiscal Adjustments in Emerging Markets
Magud, Nicolas - 2022
multiplier effect), it quickly rises above pre-shock levels. The rebound in investment is facilitated by fiscal space, flexible … investment contractions on impact, but drive private investment to above pre-shock levels. Finally, we exploit firm … sector and in larger and less indebted firms, and to show that the long-run benefits to economic activity of the fiscal shock …
Persistent link: https://www.econbiz.de/10015060537
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On the Sources of Oil Price Fluctuations
Unalmis, Deren - 2009
and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …
Persistent link: https://www.econbiz.de/10012677522
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Differential Effects of Oil Demand and Supply Shocks on the Global Economy.
Cashin, Paul - 2012
economicconsequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …-2008 -- Figures -- 1. Persistence Profiles of the Effect of a System-wide Shock to the Cointegrating Relations -- 2. Impact of Oil …
Persistent link: https://www.econbiz.de/10012690166
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Weathering the Storm So Far : The Impact of the 2003-05 Oil Shock on Low-Income Countries
Dudine, Paolo - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE GLOBAL AND HISTORICAL CONTEXT -- III. Balance of Payments Impact -- IV. FISCAL IMPACT -- V. LOOKING FORWARD-POSSIBLE VULNERABILITIES -- VI. CONCLUSIONS AND IMPLICATIONS FOR DEMAND FOR IMF RESOURCES -- APPENDIX I-COMPARISON TO OIL SHOCKS OF THE...
Persistent link: https://www.econbiz.de/10012691058
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Excess Liquidity and the Effectiveness of Monetary Policy : Evidence from Sub-Saharan Africa
Saxegaard, Magnus - 2006
Intro -- Contents -- I. INTRODUCTION -- II. SOME STYLIZED FACTS ON RESERVE REQUIREMENTS AND EXCESS LIQUIDITY IN AFRICAN COUNTRIES -- III. MEASUREMENT OF EXCESS LIQUIDITY -- IV. EXCESS BANK LIQUIDITY AND MONETARY POLICY TRANSMISSION MECHANISM -- V. SUMMARY AND POLICY IMPLICATIONS -- References.
Persistent link: https://www.econbiz.de/10012691164
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Can Fiscal Consolidation Announcements Help Anchor Inflation Expectations?
David, Antonio - 2024
In this paper, we use quarterly data and a novel database on fiscal policy consolidation announcements, for a sample of advanced economies and emerging markets to quantify the effects of fiscal tightening on inflation expectations. We find that fiscal consolidation announcements reduce inflation...
Persistent link: https://www.econbiz.de/10015058655