Showing 1 - 10 of 139,205
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper …
Persistent link: https://www.econbiz.de/10005825934
examine the output gap’s usefulness. The results suggest that although output gap uncertainty leads to more inflation and … policy based only on observable inflation and output growth. …
Persistent link: https://www.econbiz.de/10005826299
This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999 …. Both annual and monthly data are used in the investigation. The results suggest that past consumer price inflation … effective exchange rate. The effect of inflation on devaluation, however, became weaker following the financial reforms …
Persistent link: https://www.econbiz.de/10005826573
This 2006 Article IV Consultation highlights that macroeconomic results for Romania were not as strong in 2005 compared with 2004 on account of both internal and external factors. Growth slowed to 4.1 percent in 2005, with agricultural output falling as a result of floods, and industrial output...
Persistent link: https://www.econbiz.de/10011243437
This Selected Issues paper describes the monetary transmission mechanism in Sierra Leone. The paper uses a vector autoregression model to explore the links between policy changes by The Bank of Sierra Leone and real variables, such as output and prices. The paper describes Sierra Leone’s...
Persistent link: https://www.econbiz.de/10011243533
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …
Persistent link: https://www.econbiz.de/10011245907
. Imported commodity price shocks are significant in explaining inflation in the region. Governments are another driving force of …This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a … inflation dynamics mainly through controlled prices and the role of capital expenditure in domestic activity. In most CEMAC …
Persistent link: https://www.econbiz.de/10009369448
Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation …) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are … largely based on backward-looking information, suggesting that inflation expectations are not well anchored and hence more is …
Persistent link: https://www.econbiz.de/10009370543
strongly prefer an AMPF regime, but the estimation is not very informative about whether the inflation coefficient in the …
Persistent link: https://www.econbiz.de/10008727806