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Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness
Imam, Patrick A. - International Monetary Fund (IMF) - 2013
impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …
Persistent link: https://www.econbiz.de/10011242214
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Deciding to Enter a Monetary Union; TheRole of Trade and Financial Linkages
Lama, Ruy; Rabanal, Pau - International Monetary Fund (IMF) - 2012
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10011242323
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Midterm Review of Annual Policy Statement for the year 2006-07
India, Reserve Bank of - eSocialSciences - 2006
, Bank Rate and CRR kept unchanged. * GDP growth forecast at around 8.0 per cent during 2006-07. * Inflation to be contained …
Persistent link: https://www.econbiz.de/10005699240
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The Case for a Long-Run Inflation Target of Four Percent
Ball, Laurence M. - International Monetary Fund (IMF) - 2014
Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to … target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero … cost, because four percent inflation does not harm an economy significantly. …
Persistent link: https://www.econbiz.de/10010790372
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Impact of Demographic Changes on Inflation and the Macroeconomy
Yoon, Jong-Won; Kim, Jinill; Lee, Jungjin - International Monetary Fund (IMF) - 2014
variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …
Persistent link: https://www.econbiz.de/10011123847
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Getting to Know GIMF; The Simulation Properties of the Global Integrated Monetary and Fiscal Model
Anderson, Derek; Hunt, Ben; Kortelainen, Mika; Kumhof, … - International Monetary Fund (IMF) - 2013
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed by the Economic Modeling Division of the IMF for policy analysis and international economic research. Using a 5-region version of the GIMF, this paper illustrates the model’s...
Persistent link: https://www.econbiz.de/10011242434
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Guatemala; Selected Issues and Analytical Notes
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
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The Effects of Unconventional Monetary Policies on Bank Soundness
Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014
Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...
Persistent link: https://www.econbiz.de/10011142163
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Die „German Angst“ – Inflationsaversion in Ost- und Westdeutschland
Berlemann, Michael; Enkelmann, Sören - In: ifo Dresden berichtet 20 (2013) 02, pp. 03-09
Verhältnis der Deutschen zur Inflation wider. Die Medien sprechen von der „German Angst“. Sowohl die Erfahrungen der frühen 20er …
Persistent link: https://www.econbiz.de/10010877512
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Antrag auf Vollmitgliedschaft : neue Herausforderungen für Ungarn und die Europäische Union
Ochel, Wolfgang; Habuda, Judit - In: Ifo Schnelldienst 47 (1994) 15, pp. 16-24
Ungarn möchte bis zum Jahr 2000 Mitglied der Europäischen Union sein. Dabei hofft man, Vorteile aus einer intensiven Arbeitsteilung mit der nahegelegenen EU und ihrem bedeutenden Markt zu ziehen (billige Importgüter, Effizienzsteigerung der Unternehmen, mehr Innovationstätigkeit,...
Persistent link: https://www.econbiz.de/10005013246