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The Imf and the Ruble Area, 1991-1993
Odling-Smee, J. C. - 2001
This paper summarizes the IMF advice on the ruble area as it was presented to the national authorities in Russia, the … on the ruble area (and national currencies) changed over time, and hence so did the IMF''s advice, and (ii) from the … advocating a particular one, emphasizing that it was the authorities'' decision to stay in or leave the ruble area. Fund advice …
Persistent link: https://www.econbiz.de/10014399418
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Macroeconomic effects of reforms on three diverse oil exporters : Russia, Saudi Arabia, and the UK
Beidas-Strom, Samya; Lorusso, Marco - 2019
We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi …: Russia would benefit from a smaller state foot-print, while in Saudi Arabia, unless this is accompanied by structural reforms …
Persistent link: https://www.econbiz.de/10012112123
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The Payments System and its Effectson Monetary Operations : Recent Experience in the Russian Federation
International Monetary Fund - 1994
monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated …
Persistent link: https://www.econbiz.de/10014397790
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Evolution of Monetary Policy Instruments in Russia
Baliño, Tomás J. T. - 1997
This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995 … ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary …
Persistent link: https://www.econbiz.de/10014403317
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Shipping costs and inflation
Carrière-Swallow, Yan; Deb, Pragyan; Furceri, Davide; … - 2022
Persistent link: https://www.econbiz.de/10013169888
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Emerging markets : prospects and challenges
Gudmundsson, Tryggvi; Kljuev, Vladimir Vladimirovič; … - 2022
This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven...
Persistent link: https://www.econbiz.de/10013170245
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Dollar invoicing, global value chains, and the business cycle dynamics of international trade
Cook, David; Patel, Nikhil - 2022
Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...
Persistent link: https://www.econbiz.de/10013170273
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Monetary policy frameworks : an index and new evidence
Unsal, D. Filiz; Papageorgiou, Chris; Garbers, Hendre - 2022
We provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). We construct the IAPOC index by analyzing central banks' laws and websites for 50 advanced economies,...
Persistent link: https://www.econbiz.de/10013170321
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A medium-scale DSGE model for the integrated policy framework
Adrian, Tobias; Gaspar, Vítor; Vitek, Francis - 2022
This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital flow management. This policy analysis is based on an estimated medium-scale dynamic stochastic general equilibrium (DSGE) model of the world...
Persistent link: https://www.econbiz.de/10013170322
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An extended quarterly projection model : credit cycle, macrofinancial linkages and macroprudential measures : the case of the Philippines
Karam, Philippe; Pranovich, Mikhail; Vlček, Jan - 2021
We extend a modern practical Quarterly Projection Model to study credit cycle dynamics and risks, focusing on macrofinancial linkages and the role of macroprudential policy in achieving economic and financial stability. We tailor the model to the Philippines and evaluate the model's properties...
Persistent link: https://www.econbiz.de/10012796309