Search Results

You are looking at 1 - 10 of 87 items

  • Keyword: Inflation stabilization x
Clear All Modify Search
Why Do Many Disinflations Fail? the Importance of Luck, Timing, and Political Institutions

Why Do Many Disinflations Fail? the Importance of Luck, Timing, and Political Institutions »

Source: Why Do Many Disinflations Fail? the Importance of Luck, Timing, and Political Institutions

Volume/Issue: 2002/228

Series: IMF Working Papers

Author(s): A. Hamann , and Alessandro Prati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875454

Keywords: stabilization, inflation, inflation stabilization, high inflation, inflation stabilizations,

Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of stabilization from inflation levels above 40 percent, we show that most of the failures are explained by bad luck, unfavorabl...

Disinflation in Transition
			: 1993-97

Disinflation in Transition : 1993-97 »

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

DOI: http://dx.doi.org/10.5089/9781557757975.084

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

The latest in a series of papers published by the International Monetary Fund on economies in transition examines the experience of disinflation in Central and Eastern Europe, the Baltics, Russia, and other countri...

Exchange-Rate-Based Stabilization

Exchange-Rate-Based Stabilization »

Source: Exchange-Rate-Based Stabilization : A Critical Look at the Stylized Facts

Volume/Issue: 1999/132

Series: IMF Working Papers

Author(s): A. Hamann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

ISBN: 9781451855364

Keywords: inflation stabilization, exchange-rate-based stabilization, stabilization, high inflation, inflation rate

Do exchange-rate-based stabilizations generate distinctive economic dynamics? To address this question, this paper identifies stabilization episodes using criteria that differ from those in previous empirical studi...

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt »

Source: Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt

Volume/Issue: 2008/164

Series: IMF Working Papers

Author(s): Sven Jari Stehn , and David Vines

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870220

Keywords: Monetary and Fiscal Policy, Policy Myopia, Non-cooperative games, Stabilisation Bias, inflation, central bank, monetary policy, aggregate demand, high interest rates,

We analyse optimal discretionary games between a benevolent central bank and a myopic government in a New Keynesian model. First, when lump-sum taxes are available and public debt is absent, we show that a Nash gam...

Stabilization and Growth in Transition Economies

Stabilization and Growth in Transition Economies »

Source: Stabilization and Growth in Transition Economies : The Early Experience

Volume/Issue: 1996/31

Series: IMF Working Papers

Author(s): Stanley Fischer , Carlos Végh Gramont , and Ratna Sahay

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1996

ISBN: 9781451980042

Keywords: high inflation, inflation stabilization, monetary fund, inflation rates

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly...

Credit and Exchange Rate-Based Stabilization

Credit and Exchange Rate-Based Stabilization »

Source: Credit and Exchange Rate-Based Stabilization

Volume/Issue: 1996/51

Series: IMF Working Papers

Author(s): May Khamis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451847062

Keywords: inflation stabilization, inflation rate, annual inflation, monetary fund

This paper examines the behavior of private sector credit in chronic inflation countries that undergo exchange rate-based inflation stabilizations. It concludes that these programs are characterized by a strong inc...

Achieving a Soft Landing

Achieving a Soft Landing »

Source: Achieving a Soft Landing : The Role of Fiscal Policy

Volume/Issue: 2008/69

Series: IMF Working Papers

Author(s): Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869316

Keywords: Business cycle stabilization, inflation, fiscal balance,

This paper utilizes an open-economy New Keynesian overlapping generations model to assess the extent to which fiscal policy, along side an inflation-forecast-based monetary policy, could enhance macroeconomic stabi...

The Role of Fiscal Policy in Sustainable Stabilization

The Role of Fiscal Policy in Sustainable Stabilization »

Source: The Role of Fiscal Policy in Sustainable Stabilization : Evidence From Latin America

Volume/Issue: 1997/94

Series: IMF Working Papers

Author(s): Gerd Schwartz , and Teresa Ter-Minassian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1997

ISBN: 9781451950786

Keywords: Stabilization, Latin America, inflation, fiscal adjustment, tax revenue, inflation tax

This paper reviews the role of fiscal policy in a number of stabilization programs in Latin America since the early 1980s. The paper highlights the importance of sustainable fiscal adjustment in stabilization effor...

I Introduction

I Introduction »

Source: Disinflation in Transition : 1993-97

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

Almost all transition countries experienced an initial spike in inflation at the outset of the reform process as price controls were removed. The speed of the subsequent disinflations, however, varied marked...

II Inflation Developments

II Inflation Developments »

Source: Disinflation in Transition : 1993-97

Series: Occasional Papers

Author(s): Peter Doyle , and Carlo Cottarelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 1999

ISBN: 9781557757975

Keywords: inflation, monetary fund, moderate inflation, central bank, inflation stabilization

By the end of 1992, major results in stabilizing inflation had been achieved only in the Central and Eastern European countries: inflation had dropped below 60 percent in the Czech Republic, Poland, and Slov...