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level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been … developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the … returns following inflation surprises. …
Persistent link: https://www.econbiz.de/10004999969
This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy...
Persistent link: https://www.econbiz.de/10005264066
inflation. Unlike in the case of fuel-producing countries, the East African Community countries are major agricultural producers …
Persistent link: https://www.econbiz.de/10010790455
challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The … announcements of inflation reduction and policymaker aversion both to movements of output from its potential level and to …
Persistent link: https://www.econbiz.de/10011243488
This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and … by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during … indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for …
Persistent link: https://www.econbiz.de/10008528630
This Selected Issues paper analyzes trends in Tunisian inflation. It computes measures of core inflation, and develops … a simple framework for forecasting inflation. The paper econometrically estimates the degree of exchange rate pass … resulting effects on inflation. …
Persistent link: https://www.econbiz.de/10011242996
Inflation in Southeastern European (SEE) countries has been comparable with euro area inflation, partly owing to on the … inflation-targeting regime pursued in Albania. The analysis also explores additional heterogeneity between SEE and other regions …
Persistent link: https://www.econbiz.de/10011245091
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
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking...
Persistent link: https://www.econbiz.de/10011245729
This paper provides model-based projections of inflation, and quantifies the impact of the factors that determine … inflation. The reasons behind the poor labor market performance in Greece and the remedial policies are discussed. The new …
Persistent link: https://www.econbiz.de/10005591040