trade finance dries up after default. To estimate the effect, I use an empirical gravity model of bilateral trade and a … large panel data set covering fifty years and more than 200 trading partners. The model controls for a host of factors that …

Saudi Arabia is a fiscally dominant open economy. The exchange rate anchor provides the long -term framework for … prudential guidelines, adjusting reserve requirements and issuing SAMA bills to manage liquidity. Inflation developments depend …: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and Monetary Policy …

business cycle and inflation correlations between NMS and the euro area are, on average, lower than between individual EMU … measure, variance shares of output and inflation explained by common euro-area factors. The proliferation of euro-area shocks …

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …

(without and with zero-inflation) along with pseudo ML estimation …

Following a period of subdued consumer price changes, inflation has recently surged to levels that are significantly … impacting the behavior of households and firms. Although the underlying sources of inflation differ across major advanced … price stability.In the current macroeconomic discourse, inflation expectations have gained considerable attention. A …

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …