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The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …
Persistent link: https://www.econbiz.de/10012677626
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Inflation in Pakistan : Money or Wheat?
Khan, Mohsin S - 2006
ABOUT INFLATION? -- V. SUMMARY AND CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691177
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A Note of Caution on the Relation Between Money Growth and Inflation
Berger, Helge - 2023
We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect of money growth on inflation weakened notably after the 1980s before … maximum impact of money growth on inflation is increasing in the trend level of inflation. These results caution against …
Persistent link: https://www.econbiz.de/10015059375
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The Common Monetary Area in Southern Africa; Shocks, Adjustment, and Policy Challenges
Masha, Iyabo; Harris, Leighton; Wang, Jian-Ye; Shirono, … - International Monetary Fund (IMF) - 2007
This study assesses the experience of the Common Monetary Area (CMA) based on available empirical evidence over the last two decades. It pays particular attention to member countries' adjustment to economic shocks in recent years and the inter-country linkages, including the spillover effects of...
Persistent link: https://www.econbiz.de/10005768930
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What is Fuzzy About Clustering in West Africa?
Qureshi, Mahvash Saeed; Tsangarides, Charalambos G. - International Monetary Fund (IMF) - 2006
Applying techniques of clustering analysis to a set of variables suggested by the convergence criteria and the theory of optimal currency areas, this paper looks for country homogeneities to assess membership in the existing and proposed monetary unions of the broader west African region. Our...
Persistent link: https://www.econbiz.de/10005604792
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Stabilization and Reform in Eastern Europe; A Preliminary Evaluation
Bruno, Michael - International Monetary Fund (IMF) - 1992
The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural...
Persistent link: https://www.econbiz.de/10005605030
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The Measurement of Central Bank Autonomy; Survey of Models, Indicators, and Empirical Evidence
Laurens, Bernard; Arnone, Marco; Segalotto, Jean-François - International Monetary Fund (IMF) - 2006
This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issues including sensitivity analysis, robustness, and endogeneity are discussed. The...
Persistent link: https://www.econbiz.de/10005769279
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Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries
Cevik, Serhan; Teksoz, Katerina - International Monetary Fund (IMF) - 2012
This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...
Persistent link: https://www.econbiz.de/10010790368
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Optimal liquidity and economic stability
Linghui Han; Lee, Il Houng - 2012
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...
Persistent link: https://www.econbiz.de/10009615556
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The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
-- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary …
Persistent link: https://www.econbiz.de/10012682180