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Consumption, Income, and International Capital Market Integration

MacDonald, Ronald - 1994

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395974

Six Puzzles in Electronic Money and Banking

Nsouli, Saleh M. - 2004

The literature on the economic effects of electronic money and banking lacks organization and a common analytical framework. This paper identifies the main issues raised by e-money and e-banking and presents them as six puzzles. Our solutions to the puzzles build a framework for analyzing the...

Persistent link: https://www.econbiz.de/10014404123

Expectations' anchoring and inflation persistence

Bems, Rudolfs; Caselli, Francesca; Grigoli, Francesco; … - 2018

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based...

Persistent link: https://www.econbiz.de/10011978669

Words vs. deeds : what really matters?

Ghosh, Atish R.; Qureshi, Mahvash Saeed; Tsangarides, … - 2011

Persistent link: https://www.econbiz.de/10009425648

Monetary policy credibility and exchange rate pass-through

Carrière-Swallow, Yan; Gruss, Bertrand; Magud, Nicolas; … - 2016

price stability and central bank credibility have reduced the second component …

Persistent link: https://www.econbiz.de/10011716306

Does Inflation Targeting Matter?

Sheridan, Niamh - 2003

This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along...

Persistent link: https://www.econbiz.de/10014400142

Re-Establishing Credible Nominal Anchors After a Financial Crisis : A Review of Recent Experience

Zanello, Alessandro - 2003

This paper studies the question of how to achieve monetary policy credibility and price stability after a financial …

Persistent link: https://www.econbiz.de/10014403654

Central Bank Financial Strength, Transparency, and Policy Credibility

Stella, Peter - 2002

institutional arrangements that ensure the central bank generates profit in most states of the world, is subject to strict ex post …A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective …(s). Once endowed with those resources, relations between government and central bank should be designed so that significant …

Persistent link: https://www.econbiz.de/10014401621

Words vs. Deeds : What Really Matters?

Qureshi, Mahvash Saeed - 2011

This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging market and developing countries (EMDCs) over the period 1980-2010. We contend that, just as a de jure peg that is not backed by a de facto peg will have little value, de facto...

Persistent link: https://www.econbiz.de/10014399364

Financial concerns and the marginal propensity to consume in COVID times : evidence from UK survey data

Albuquerque, Bruno; Green, Georgina - 2022

We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of pound 500. We find that household...

Persistent link: https://www.econbiz.de/10013169991

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