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Wu, Tao - In: FRBSF Economic Letter (2004)

This Economic Letter examines the distinct features of deflation, discusses why it is a matter of concern to the public and to policymakers in general, and looks at the recent experience of the inflation and deflation in the U.S. and other countries.

Persistent link: https://www.econbiz.de/10005346513

How good is PPP?

Glick, Reuven - In: FRBSF Economic Letter (1989)

Persistent link: https://www.econbiz.de/10005346814

The monetary instrument matters

Gavin, William T.; Keen, Benjamin D.; Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2005

. Those counterfactual implications are eliminated by the use of interest rate rules whether prices are sticky or not. A …

Persistent link: https://www.econbiz.de/10005352925

Monetary Policy and Exchange Rate Behavior in the Fiscal Theory of the Price Level

Andrés, Javier; Ballabriga, Fernando; Vallés, Javier - Banco de España - 2000

The fiscal theory of the price level has challenged the conventional view that monetary factors drive prices and …

Persistent link: https://www.econbiz.de/10005155276

A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism; How Does the Central Bank's REPO Rate Affect the Economy?

Cheng, Kevin C. - International Monetary Fund (IMF) - 2006

This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate … main results suggest that an exogenous increase in the short-term interest rate tends to be followed by a decline in prices … variations in the short-term interest rate account for significant fluctuations in the nominal exchange rate and prices, while …

Persistent link: https://www.econbiz.de/10005263733

Sources of Inflation in Sub-Saharan Africa

Peiris, Shanaka J.; Barnichon, Régis - International Monetary Fund (IMF) - 2007

This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap. Using heterogeneous panel cointegration estimation techniques, we estimate cointegrating vectors for the production function and the real...

Persistent link: https://www.econbiz.de/10005263752

International Policy Coordination and Simple Monetary Policy Rules

Berger, Wolfram; Wagner, Helmut - International Monetary Fund (IMF) - 2006

trade. Prices of final consumption goods are sticky in the consumer's currency. Pursuing an inward-looking policy, as … price indices is dominated by rules that allow for some fluctuations in prices such as nominal income or monetary targeting. …

Persistent link: https://www.econbiz.de/10005264091

How will the interaction of wages and prices play out in the last mile of disinflation?

Kamin, Steven; Roberts, John M. - 2024

between wages and prices. A consideration that could loom large is the shortfall in wage gains relative to their pre …

Persistent link: https://www.econbiz.de/10014575696

Monetary Transmission in Pakistan: The Balance Sheet Channel

Shabbir, Safia - eSocialSciences - 2012

Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel...

Persistent link: https://www.econbiz.de/10010540917

An Empirical Analysis of Monetary and Fiscal Policy Interaction in India

Raj, Janak; K, Khundrakpam J; Das, Dipika - eSocialSciences - 2011

This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation of fiscal deficit in 1997 and prohibiting RBI from buying government securities in the primary...

Persistent link: https://www.econbiz.de/10009320271