Showing 81 - 90 of 149,997
This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt. …
Persistent link: https://www.econbiz.de/10009019594
This 2003 Article IV Consultation highlights that the South African economy performed well in 2002, notwithstanding difficult global economic conditions. Supported by sound macroeconomic management and a highly competitive exchange rate, real GDP growth rose to 3.0 percent in 2002 from 2.8...
Persistent link: https://www.econbiz.de/10005248115
This paper examines the international experience with full-fledged inflation targeting monetary regimes. Stylized facts … are brought together from a review of the institutional elements of inflation targeting frameworks, a comparison of actual … and targeted inflation outcomes, and case studies of large inflation target misses. Inflation targets are missed about 40 …
Persistent link: https://www.econbiz.de/10005599276
potential to create inflation in both goods and asset markets. Expansionary financial conditions will likely have a greater … impact in fueling asset price inflation, manifested in the model through a strong increase in equity prices. Higher asset …
Persistent link: https://www.econbiz.de/10008497621
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
This paper uses a simple framework based on the government budget constraint to analyze the consistency of macroeconomic policies undertaken in Mexico during the period 1978 to mid-1991. It was found that the interaction between the actual implementation of economic policies and economic...
Persistent link: https://www.econbiz.de/10005768753
We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We also find...
Persistent link: https://www.econbiz.de/10008528698
The large swings in world food prices in recent years renew interest in the question of how monetary policy in small open economies should react to such imported price shocks. We examine this issue in a canonical open economy setting with sticky prices and where food plays a distinctive role in...
Persistent link: https://www.econbiz.de/10008560422
The spike in Slovenian inflation in 2007–08 has shown how structural bottlenecks may hamper Slovenian growth in the …. The paper concludes that the spike in Slovenian inflation in 2007–08 was a consequence of cost-push and demand …
Persistent link: https://www.econbiz.de/10011243310
determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading … through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation … is easing capacity constraints and will ultimately help to moderate price inflation. …
Persistent link: https://www.econbiz.de/10004999973