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Credible Commitment to Optimal Escape from a Liquidity Trap; The Role of the Balance Sheet of an Independent Central Bank
Jeanne, Olivier; Svensson, Lars E. O. - International Monetary Fund (IMF) - 2004
its currency and an exchange rate peg. This way, the central bank can implement the optimal escape from a liquidity trap … to escape from a liquidity trap. …
Persistent link: https://www.econbiz.de/10005826442
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Mexico: 2014 Article IV Consultation-Staff Report; and Press Release
International Monetary Fund (IMF); International … - 2014
This 2014 Article IV Consultation highlights that after a sharp slowdown in 2013, growth in Mexico is projected to recover to 2.4 percent this year. The strong recovery in the United States in the second quarter of 2014 has triggered a rebound in Mexico’s manufacturing production and...
Persistent link: https://www.econbiz.de/10011244756
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and...
Persistent link: https://www.econbiz.de/10011245257
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Rethinking Macro Policy II; Getting Granular
Blanchard, Olivier J.; Dell'Ariccia, Giovanni; Mauro, Paolo - International Monetary Fund (IMF) - 2013
This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and...
Persistent link: https://www.econbiz.de/10011245877
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The Gambia; Demand for Broad Money and Implications for Monetary Policy Conduct
Sriram, Subramanian S. - International Monetary Fund (IMF) - 2009
This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data...
Persistent link: https://www.econbiz.de/10008528631
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Did Monetary Laxity in Japan Cause the Bubble?
Posen, Adam S. - In: CESifo Forum 4 (2003) 4, pp. 21-26
Persistent link: https://www.econbiz.de/10005013171
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Sweden; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper discusses capital and liquidity regulations in Sweden. It recaps the recent debates on … capital and liquidity buffers, and discusses a way to consider appropriate levels of capital and liquidity buffers in the case … of Sweden. The paper estimates the government’s contingent liabilities from banks by different capital and liquidity …
Persistent link: https://www.econbiz.de/10011244133
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Central Bank Liquidity Management and “Unconventional” Monetary Policies
García-Cicco, Javier; Kawamura, Enrique - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2014)
We present a small-open-economy model to analyze the role of central bank’s liquidity management in implementing … central bank uses to manage the liquidity in the economy, which creates a role for the central bank balance sheet in … eligible collaterals accepted at the liquidity facilities operated by the central bank. These policies have been recently …
Persistent link: https://www.econbiz.de/10010945753
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Republic of Poland; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues Paper focuses on the economic and financial ties between Poland and the euro area and analyzes the associated spillovers. It documents stylized facts about trade, vertical integration, foreign direct investment, and banking system linkages between Poland and core euro area...
Persistent link: https://www.econbiz.de/10011242491
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Iceland; Selected Issues
International Monetary Fund (IMF); International … - 2006
Given its small size and openness, the Icelandic economy has been subject to large shocks. Systematic coordination of monetary and fiscal policy, however, could help improve the inflation-output variability trade-off. The fiscal rule is designed to simultaneously ensure a consistently...
Persistent link: https://www.econbiz.de/10011244896