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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies
Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009
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
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A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices
Juillard, Michel; Freedman, Charles; Korshunov, Dmitry; … - International Monetary Fund (IMF) - 2008
This is the third of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...
Persistent link: https://www.econbiz.de/10005264080
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The Macroeconomics of Scaling Up Aid; Lessons from Recent Experience
Berg, Andrew; Hussain, Mumtaz; Roache, Shaun K.; … - International Monetary Fund (IMF) - 2007
, and inflation. The authors develop a framework that emphasizes the different roles of monetary and fiscal policy and apply …
Persistent link: https://www.econbiz.de/10005767387
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A Small Quarterly Multi-Country Projection Model
Laxton, Jared; Ermolaev, Igor; Freedman, Charles; … - International Monetary Fund (IMF) - 2008
This is the second of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...
Persistent link: https://www.econbiz.de/10005825847
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Exchange Rate Policy in Developing Countries; Some Analytical Issues
Montiel, Peter; Aghevli, Bijan B.; Khan, Mohsin S. - International Monetary Fund (IMF) - 1991
This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.
Persistent link: https://www.econbiz.de/10005767344
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Adding Indonesia to the Global Projection Model
Garcia-Saltos, Roberto; Laxton, Douglas; Andrle, Michal; … - International Monetary Fund (IMF) - 2009
This is the fifth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...
Persistent link: https://www.econbiz.de/10008540927
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Hybrid Inflation Targeting Regimes
Garcia, Carlos; Restrepo, Jorge; Roger, Scott - International Monetary Fund (IMF) - 2009
, the effects on inflation and output volatility in the event of demand and cost-push shocks are minimal. Financially …
Persistent link: https://www.econbiz.de/10008540934
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Practical Model-Based Monetary Policy Analysis; A How-To Guide
Laxton, Douglas; Berg, Andrew; Karam, Philippe D - International Monetary Fund (IMF) - 2006
demand (or IS) curve, a price-setting (or Phillips) curve, a version of the uncovered interest parity condition, and a …
Persistent link: https://www.econbiz.de/10005599522
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A New Keynesian Model of the Armenian Economy
Stepanyan, Ara; Dabla-Norris, Era; Mkrtchyan, Ashot Anatolii - International Monetary Fund (IMF) - 2009
This paper develops a small open economy dynamic stochastic general equilibrium (DSGE) model of the Armenian economy. The structure of the model is largely motivated by recent developments in DSGE modeling, with key extensions to incorporate specific structural characteristics of the Armenian...
Persistent link: https://www.econbiz.de/10005826553