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Monetary and Fiscal Rules in an Emerging Small Open Economy

Levine, Paul - 2009

of a freely floating exchange rate, an explicit target for inflation, and a mechanism than ensures a stable government … domestic and CPI inflation targeting interest rate rules alongside a ''Structural Surplus Fiscal Rule'' as followed recently in … Chile. A comparison with a fixed exchange rate regime is made. We find that domestic inflation targeting is superior to …

Persistent link: https://www.econbiz.de/10014402509

The Global Integrated Monetary and Fiscal Model (GIMF) : Theoretical Structure

Laxton, Douglas - 2010

This working paper presents a comprehensive overview of the theoretical structure of the Global Integrated Monetary and Fiscal Model (GIMF), a multi-region dynamic general equilibrium model that is used by the IMF for a variety of tasks including policy analysis, risk analysis, and surveillance

Persistent link: https://www.econbiz.de/10014402511

Inflation Targeting as a Framework for Monetary Policy

Debelle, Guy - 1998

Inflation distorts prices, erodes savings, discourages investment, stimulates capital flight, inhibits growth, and …-old problem of controlling inflation through monetary policy known as ""inflation targeting."" This pamphlet explains the …

Persistent link: https://www.econbiz.de/10014402539

Macroeconomic Patterns and Monetary Policy in the Run-Up to Asset Price Busts

Scott, Alasdair - 2009

We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of … inflation typically under control, central banks effectively accommodated these growing imbalances, raising the risk of damaging …

Persistent link: https://www.econbiz.de/10014402564

Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU

Masson, Paul R. - 1999

fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate … alternative monetary framework, inflation targeting …

Persistent link: https://www.econbiz.de/10014402593

Coordination of Monetary and Fiscal Policies

International Monetary Fund - 1998

Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...

Persistent link: https://www.econbiz.de/10014401884

Monetary Independence in Emerging Markets : Does the Exchange Rate Regime Make a Difference?

Philippon, Thomas - 2001

This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different exchange rate regimes. Consistent with conventional priors, the results indicate that interest...

Persistent link: https://www.econbiz.de/10014401887

Current Developments in Monetary and Financial Law, Volume 2

International Monetary Fund - 2003

The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance...

Persistent link: https://www.econbiz.de/10014401920

Staff Report on the Monetary and Exchange Rate Policies of the Euro Area : Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement...

International Monetary Fund - 2000

For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization...

Persistent link: https://www.econbiz.de/10014401965

Financial Dollarization Equilibria : A Framework for Policy Analysis

Ize, Alain - 2005

Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy action. This paper contributes to the policy debate by presenting a common analytic framework that examines the roots of de facto financial dollarization under different...

Persistent link: https://www.econbiz.de/10014401970