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Exchange rate uncertainty and the connectedness of inflation
Çitçi, Sadettin Haluk; Kaya, Hüseyin - In: Borsa Istanbul Review 23 (2023) 3, pp. 723-735
In this study, we examine the connectedness of exchange rate uncertainty and inflation. In an economy with a flexible … price level. We empirically analyze the impact of exchange rate uncertainty on inflation by using panel data from 149 … and positive effect on inflation. We also show that effect of exchange rate uncertainty on inflation is nonlinear. As the …
Persistent link: https://www.econbiz.de/10014308839
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Shaping the future : policy shocks and the GDP growth distribution
Boire, François-Michel; Duprey, Thibaut; Ueberfeldt, … - 2021 - Last updated: May 25, 2021
We incorporate quantile regressions into a structural vector autoregression model to empirically assess how monetary and fiscal policy influence risks around future GDP growth. Using a panel of six developed countries, we find that both policy instruments affect the location of the distribution...
Persistent link: https://www.econbiz.de/10012522864
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Risk Sharing in the Presence of a Public Good
Schroth, Josef - 2015
This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents' relative preference for private versus public good consumption. I show how private good consumption should be coordinated...
Persistent link: https://www.econbiz.de/10011396705
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Risk sharing in the presence of a public good
Schroth, Josef - 2015
This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents' relative preference for private versus public good consumption. I show how private good consumption should be coordinated...
Persistent link: https://www.econbiz.de/10011302006
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Financial Stability and Fiscal Crises in a Monetary Union
Jahjah, Samir - International Monetary Fund (IMF) - 2001
help prevent or minimize the risk of fiscal crises and the corresponding risk of central bank financing and inflation. …
Persistent link: https://www.econbiz.de/10005826053
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United Kingdom; 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for...
International Monetary Fund (IMF); International … - 2005
. Inflation expectations remain well anchored. Rising import prices are expected to push inflation toward the 2 percent target …
Persistent link: https://www.econbiz.de/10005591334
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Albania; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Albania
International Monetary Fund (IMF); International … - 2011
productivity by attracting foreign investment is essential for higher sustainable growth. …
Persistent link: https://www.econbiz.de/10011242478
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Monetary Policy and the Financing of Firms
De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - C.E.P.R. Discussion Papers - 2009
at the zero bound, and engineer a short period of inflation; that the Taylor rule may implement allocations that have …
Persistent link: https://www.econbiz.de/10004976783
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International Transmission of Credit Shocks in an Equilibrium Model with Production Heterogeneity
Imura, Yuko; Thomas, Julia K. - 2015
face persistent idiosyncratic productivity shocks and occasionally binding collateralized borrowing constraints for … international trade than do productivity shocks. These results shed light on the great trade collapse over 2008-09, suggesting that …
Persistent link: https://www.econbiz.de/10011396687
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The safety of government debt
Anand, Kartik; Gai, Prasanna - 2013
We examine the safety of government bonds in the presence of Knightian uncertainty amongst financial market participants. In our model, the information insensitivity of government bonds is driven by strategic complementarities across counterparties and the structure of trading relationships. We...
Persistent link: https://www.econbiz.de/10010335667