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Spillovers in the Nordic Countries
Mircheva, Borislava; Muir, Dirk - International Monetary Fund (IMF) - 2015
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …
Persistent link: https://www.econbiz.de/10011242239
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A Framework for Independent Monetary Policy in China
Goodfriend, Marvin; Prasad, Eswar - International Monetary Fund (IMF) - 2006
As China's economy becomes more market based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives will become increasingly important. Employing modern principles of monetary policy in light of the...
Persistent link: https://www.econbiz.de/10005826023
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Exchange Rate, Money, and Wages; What is Driving Prices in Armenia?
Khachatryan, Armine; Grigorian, David A.; Sargsyan, Grigor - International Monetary Fund (IMF) - 2004
This paper is the first attempt to look at inflation dynamics and monetary transmission mechanisms in Armenia in the context of a full information model containing three interrelated markets: foreign exchange, money, and labor. Using the vector error correction model (VECM) approach, we find...
Persistent link: https://www.econbiz.de/10005826143
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Implications of Globalization for Monetary Policy
Wagner, Helmut - International Monetary Fund (IMF) - 2001
This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes that are associated with the globalization process cause an increase in the uncertainty surrounding monetary policy. This includes an...
Persistent link: https://www.econbiz.de/10005769098
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On the Long and Short of Central Bank Independence, Policy Coordination, and Economic Performance
Borrero, Alberto Musalem - International Monetary Fund (IMF) - 2001
This paper examines the implications of central bank independence for equilibrium macroeconomic performance. The focus is on institutional arrangements governing financial relationships between central banks and ministries of finance, in the presence of competing objectives and constraints...
Persistent link: https://www.econbiz.de/10005605082
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Inflation Targeting As a Monetary Policy Rule: Experience and Prospects
Manai Daboussi, Olfa - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the inflation targeting experience in developing countries. Based on panel data of 53 developing countries, of which 20 those have adopted inflation targeting policy by the end of 2007, the purpose is to show the effects of inflation targeting on macroeconomic performance in...
Persistent link: https://www.econbiz.de/10011113755
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Inflation Targeting and Country Risk; An Empirical Investigation
Fouejieu, Armand; Roger, Scott - International Monetary Fund (IMF) - 2013
The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries’ fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is...
Persistent link: https://www.econbiz.de/10011242286
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What Can Low-Income Countries Expect From Adopting Inflation Targeting?
Peter, Alexandra; Jahan, Sarwat; Gemayel, Edward R. - International Monetary Fund (IMF) - 2011
Inflation targeting (IT) is a relatively new monetary policy framework for low-income countries (LICs). The limited number of LICs with an IT framework and the short time that has elapsed since the adoption of this framework explains why there are no previous empirical studies on the performance...
Persistent link: https://www.econbiz.de/10009370563
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The Global Financial Crisis: Causes, Anti-Crisis Policies and First Lessons
Dabrowski, Marek - In: CESifo Forum 9 (2008) 4, pp. 28-32
Persistent link: https://www.econbiz.de/10005013128
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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