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challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and …," which calls for a rather aggressive monetary policy reaction to inflation, introducing macroprudential measures is found to …
Persistent link: https://www.econbiz.de/10009293772
This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening...
Persistent link: https://www.econbiz.de/10005825350
This paper presents the primary institutions and economic policies that have led to Chile’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
This article looks at increases in the cost of living for Australian households over the past decade. Inflation as … inherent conceptual differences and measurement issues. Even so, other measures of the cost of living have increased by a … similar amount to the CPI over the past decade. Measured inflation has been higher for some households and socio …
Persistent link: https://www.econbiz.de/10010764937
The 2007 Article IV Consultation reports on Ghana’s recent economic and policy development. Public Financial Management (PFM) has been strengthened through improvements in fiscal reporting and deployment of the new computerized payroll management system. Executive Directors commended the...
Persistent link: https://www.econbiz.de/10011244661
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
Persistent link: https://www.econbiz.de/10005015150
sensitive to commodity (in particular foodgrain) prices. Hence, reducing consumer price inflation is likely to yield a rich …
Persistent link: https://www.econbiz.de/10008861942
decade on price measurement. A final article discusses the role of information technology in the US growth resurgence. …
Persistent link: https://www.econbiz.de/10005157592
The author summarizes the report’s methods, findings, and recommendations, and then reviews the comments and criticisms that appeared soon after the report was issued. Changes in CPI methodology are also summarized and assessed, as is recent research on related issues. Based on recent...
Persistent link: https://www.econbiz.de/10005481845
The author provides a BLS response to the Boskin Commission from the perspective of ten years following the release of the report. He documents the research on price indexes done at the BLS in the first half of the 1990s that pointed to upward CPI bias, and discusses how these results eventually...
Persistent link: https://www.econbiz.de/10005481864