Showing 1 - 10 of 189,747
Persistent link: https://www.econbiz.de/10005590873
This paper estimates a disequilibrium model of credit supply and demand to evaluate the relative role of these factors in the slowdown of credit flows in the Jordanian economy in the wake of the global financial crisis. The empirical analysis suggests that the credit stagnation is mainly driven...
Persistent link: https://www.econbiz.de/10008727793
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...
Persistent link: https://www.econbiz.de/10005825693
inflation, has been effective in reducing demand and price pressures in the economy. High interest rates supported by tighter …
Persistent link: https://www.econbiz.de/10011243350
income elasticity of less than unity. Current inflation is found to have a significant negative impact on the real money …
Persistent link: https://www.econbiz.de/10008528622
This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …
Persistent link: https://www.econbiz.de/10005264056
This Selected Issues Paper on Iran reviews that monetary factors are the main determinants of inflation in the country … growing discontent with inflation, however, has compelled policymakers to focus on this issue, bringing it to the forefront of …
Persistent link: https://www.econbiz.de/10011244775
levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …
Persistent link: https://www.econbiz.de/10005767368
This paper presents two approaches to modeling the use of IMF resources in order to gauge whether the recent decline in credit outstanding is a temporary or a permanent phenomenon. The two approaches-the time series behavior of credit outstanding and a two-stage program selection and access...
Persistent link: https://www.econbiz.de/10005825617
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924