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Non-linear exchange rate pass-through in emerging markets
Caselli, Francesca G.; Roitman, Agustin - 2016
This paper estimates exchange rate pass-through to consumer prices in emerging markets focusing on non-linearities and asymmetries. We document non-linearities and asymmetries in the transmission of exchange rate fluctuations to prices using local projection techniques to obtain state dependent...
Persistent link: https://www.econbiz.de/10011436820
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Fiscal dominance in Sub-Saharan Africa revisited
Hooley, John; Nguyen, Lam; Saito, Mika; Towfighian, … - 2021
This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroeconomic instability, and increasingly so as fiscal deficits and public debt are...
Persistent link: https://www.econbiz.de/10012517915
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Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility
Chakrabarti, Anindya S. - In: Journal of macroeconomics 50 (2016), pp. 151-167
Persistent link: https://www.econbiz.de/10011707875
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Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Berger, Helge - 2009
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the … euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for … longer-term interest rate and output effects. We find that especially excess liquidity in the U.S. leads developments in euro …
Persistent link: https://www.econbiz.de/10014404266
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Hitchhiker’s guide to inflation in Libya
Cevik, Serhan; Teksoz, Katerina - 2013
Persistent link: https://www.econbiz.de/10009726436
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Impact of demographic changes on inflation and the macroeconomy
Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014
Persistent link: https://www.econbiz.de/10010479415
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Financial distress and fiscal inflation
Li, Bing; Pei, Pei; Tan, Fei - In: Journal of macroeconomics 70 (2021), pp. 1-17
Persistent link: https://www.econbiz.de/10013274670
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Inflation bias and markup shocks in a LAMP model with strategic interaction of monetary and fiscal policy
Albonico, Alice; Rossi, Lorenza - In: Journal of macroeconomics 52 (2017), pp. 39-55
Persistent link: https://www.econbiz.de/10011752658
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Fiscal and Monetary Anchors for Price Stability : Evidence From Sub-Saharan Africa
International Monetary Fund - 2008
The paper presents a model of fiscal dominance with borrowing constraints, and provides evidence for a large number of sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the dynamic response of inflation to different shocks,...
Persistent link: https://www.econbiz.de/10014401393
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Debt Stabilization Bias and the Taylor Principle : Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence
Vines, David - 2007
We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence. Leith and Wren-Lewis (2007) have shown that optimal discretionary policy is subject to a ''debt stabilization bias'' which requires debt to be returned to its pre-shock level. This...
Persistent link: https://www.econbiz.de/10014399841