Similar Search Results

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

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Chile; Institutions and Policies Underpinning Stability and Growth

Kalter, Eliot; Phillips, Steven; Singh, Manmohan; … - International Monetary Fund (IMF) - 2004

This paper presents the primary institutions and economic policies that have led to Chileâ€™s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...

Persistent link: https://www.econbiz.de/10005767351

The Macroeconomics of Scaling Up Aid; Lessons from Recent Experience

Berg, Andrew; Hussain, Mumtaz; Roache, Shaun K.; … - International Monetary Fund (IMF) - 2007

This study analyzes key issues associated with large increases in aid, including absorptive capacity, Dutch disease, and inflation. The authors develop a framework that emphasizes the different roles of monetary and fiscal policy and apply it to the recent experience of five countries: Ethiopia,...

Persistent link: https://www.econbiz.de/10005767387

South Africa; 2004 Article IV Consultationâ€”Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

This 2004 Article IV Consultation highlights that economic growth in South Africa slowed in 2003 to 1.9 percent, from 3.6 percent in 2002, despite strong domestic demand. Fuelled by low interest rates, a more expansionary fiscal stance, and the wealth effects from strong commodity and property...

Persistent link: https://www.econbiz.de/10005767390

Inflation in Albania

Rother, Philipp C. - International Monetary Fund (IMF) - 2000

As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior of the price level becomes increasingly important for policy design. In particular, persistent changes in relative prices may contribute to movements of the aggregate price...

Persistent link: https://www.econbiz.de/10005768846

Testing the Transparency Benefits of Inflation Targeting; Evidence From Private Sector Forecasts

Crowe, Christopher W. - International Monetary Fund (IMF) - 2006

I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparency. This effect is robust to dropping observations, is strengthened by using...

Persistent link: https://www.econbiz.de/10005768867

Wage Centralization, Union Bargaining, and Macroeconomic Performance

McHugh, James - International Monetary Fund (IMF) - 2002

This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that...

Persistent link: https://www.econbiz.de/10005768999

Inflation Differentials in the EU; A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects

International Monetary Fund (IMF); International … - 2008

This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components. Cross-country differences in common-origin inflation...

Persistent link: https://www.econbiz.de/10005769001

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

1
2
3
4
5
6
7
8
9
10
Next
Last