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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth

Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002

Persistent link: https://www.econbiz.de/10005590873

What modern monetary theory is, and what it is not

Carnevali, Emilio; Fontana, Giuseppe - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 56-66

Modern monetary theory (MMT) has grown in popularity in recent years. Several central bankers have made passing comments about it. However, the publication of two papers by Drumetz/Pfister of the Banque de France in 2021 represents the first attempt at a more systematic assessment of MMT by two...

Persistent link: https://www.econbiz.de/10014433715

Romania; Selected Issues

International Monetary Fund (IMF); International … - 2007

model embodies the key principle that, in an inflation-targeting framework, the role of monetary policy is to provide an … anchor for inflation and inflation expectations. The development and calibration of this model is an ongoing process. …

Persistent link: https://www.econbiz.de/10011245389

Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through

Hunt, Ben; Isard, Peter - International Monetary Fund (IMF) - 2003

The paper uses MULTIMOD to examine the implications of uncertain exchange rate pass-through for the conduct of monetary policy. From the policymaker's perspective, uncertainty about exchange rate pass-through implies uncertainty about policy multipliers and the impact of state variables on...

Persistent link: https://www.econbiz.de/10005826051

Fixed Exchange Rates and the Autonomy of Monetary Policy; The Franc Zone Case

Veyrune, Romain - International Monetary Fund (IMF) - 2007

This paper compares monetary policy of currency boards with that of the franc zone during the period 1956-2005. It concludes that monetary policy in the zone was more autonomous than under a currency board, even though both systems faced the same exchange rate constraint. So far, the contingency...

Persistent link: https://www.econbiz.de/10005826392

Dollarization, Monetary Policy, and the Pass-Through

Ize, Alain; Parrado, Eric - International Monetary Fund (IMF) - 2002

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of financial contracts), and monetary policy interact in a general equilibrium, new open-economy macroeconomics model with real shocks. Real dollarization is avoided as long as the...

Persistent link: https://www.econbiz.de/10005826531

Exchange Rate Regime Choice in Historical Perspective

Bordo, Michael D. - International Monetary Fund (IMF) - 2003

In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the...

Persistent link: https://www.econbiz.de/10005599457

Endogenous money, fiscal policy, interest rates and the exchange rate regime : a comment on Palley, Tymoigne and Wray

Smithin, John N. - In: Review of political economy 28 (2016) 1, pp. 64-78

Persistent link: https://www.econbiz.de/10011446468

Exchange rate flexibility : how should we measure it?

Bleaney, Michael F.; Tian, Mo - In: Open economies review 31 (2020) 4, pp. 881-900

Persistent link: https://www.econbiz.de/10012302152

Exchange Rate Regimes and the Persistence of Inflation

Alogoskoufis, George - C.E.P.R. Discussion Papers - 1990

This paper investigates the relation between the dynamics of inflation and exchange-rate regimes. It demonstrates that … associated with negligible persistence of inflation in the industrial economies, while regimes of managed exchange rates are … associated with very high persistence of inflation: the interwar period is associated with persistent deflation, the more recent …

Persistent link: https://www.econbiz.de/10005497942

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