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Inflation, Output Growth, and Nominal and Real Uncertainty: Empirical Evidence for the G7

Fountas, Stilianos; Karanasos, Menelaos - Department of Economics, National University of Ireland - 2002

the inflation uncertainty channel. Second, we obtain evidence supporting the Cukierman-Meltzer hypothesis in most …We use univariate GARCH models of inflation and output growth and monthly data on inflation and output growth in the G7 … for the 1960-2000 period to examine all possible causal relationships between inflation, output growth, real, and nominal …

Persistent link: https://www.econbiz.de/10008543367

Prospects for Output and Employment Growth with Steady Inflation

Dungey, Mardi; Pitchford, John - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423426

Discussion of 'Prospects for Output and Employment Growth with Steady Inflation' and 'The Macroeconomics of Australian Unemployment'

McKibbin, Warwick J; Nevile, John - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423427

Measuring the Response of Macroeconomic Uncertainty to Shocks

Shields, Kalvinder; Olekalns, Nilss; Henry, Ólan T.; … - Department of Economics, Faculty of Business and Economics - 2003

about the transmission of uncertainty across such outcomes. This paper examines the response of uncertainty about inflation … and output growth to shocks documenting statistically significant asymmetries and spillovers. Uncertainty about inflation … is a determinant of output uncertainty, while higher growth volatility tends to raise inflation volatility. Both …

Persistent link: https://www.econbiz.de/10005587714

Economic Growth and Integration in Central America

Schipke, Alfred; Desruelle, Dominique - International Monetary Fund (IMF) - 2007

system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …

Persistent link: https://www.econbiz.de/10005590924

Euro Area Policies; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies

International Monetary Fund (IMF); International … - 2005

This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared for the looming demographic shock. Past fiscal policy failures, notably...

Persistent link: https://www.econbiz.de/10005599011

A Small Structural Monetary Policy Model for Small Open Economies with Debt Accumulation

Karam, Philippe D; Pagan, A. R. - International Monetary Fund (IMF) - 2008

We extend a small New Keynesian structural model used for monetary policy analysis to address a richer class of policy issues that arise in open economy analysis. We draw a distinction between absorption and domestic output, and as the difference between the two is effectively the current...

Persistent link: https://www.econbiz.de/10005599591

International Spillovers of Macroeconomic Shocks; A Quantitative Exploration

Laxton, Douglas; Prasad, Eswar - International Monetary Fund (IMF) - 2000

This paper provides a quantitative exploration of international spillovers of macroeconomic shocks among the major industrial economies. The particular topical example analyzed here concerns the possible effects on the industrial economies of adverse shocks to the current U.S. economic...

Persistent link: https://www.econbiz.de/10005599725

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Salinas, Gonzalo; Imam, Patrick A. - International Monetary Fund (IMF) - 2008

The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our...

Persistent link: https://www.econbiz.de/10005605430

Exchange Rate Regimes and the Stability of the International Monetary System

Ghosh, Atish R.; Ostry, Jonathan David; Tsangarides, … - International Monetary Fund (IMF) - 2011

the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative …

Persistent link: https://www.econbiz.de/10010790495