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Monetary Policy Transmission in Ghana »
Source: Monetary Policy Transmission in Ghana : Does the Interest Rate Channel Work?
Volume/Issue: 2011/275
Series: IMF Working Papers
Author(s): Arto Kovanen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2011
ISBN: 9781463925314
Keywords: monetary policy transmission, interest rates, monetary policy, central bank, inflation, money market, Money And Interest Rates,
This paper analyzes interest rate pass-through in Ghana. Time series and bank-specific data are utilized to highlight linkages between policy, wholesale market, and retail market interest rates. Our analysis shows...
Factors Underlying the Definition of Broad Money »
Source: Factors Underlying the Definition of Broad Money : An Examination of Recent U.S. Monetary Statistics and Practices of Other Countries
Volume/Issue: 2003/62
Series: IMF Working Papers
Author(s): Ewe-Ghee Lim , and Subramanian Sriram
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2003
ISBN: 9781451848304
Keywords: Definitions Money, aggregates, money market, inflation, monetary aggregate, Macroeconomics and Monetary Economics: General, Money and Interest Rates, Monetary Policy, Central Banking, and the Supply of Money and Credit,
The paper examines the experiences of countries in defining monetary aggregates, particularly those countries that have undertaken substantial redefinitions. It finds that both the functional and empirical approach...
Inflation Targeting in Dollarized Economies »
Source: Inflation Targeting in Dollarized Economies
Volume/Issue: 2006/157
Series: IMF Working Papers
Author(s): Leonardo Leiderman , Rodolfo Maino , and Eric Parrado
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
ISBN: 9781451864175
Keywords: exchange rate, foreign exchange, real exchange rate, Money And Interest Rates, Monetary Policy, Central Banking, And The Supply Of Money And Credit,
The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful impleme...
Towards Inflation Targeting in Sri Lanka »
Source: Towards Inflation Targeting in Sri Lanka
Volume/Issue: 2011/81
Series: IMF Working Papers
Author(s): Ding Ding , Rahul Anand , and Shanaka Peiris
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
ISBN: 9781455226078
Keywords: Bayesian Estimation, inflation, central bank, foreign exchange, Money and Interest Rates: Forecasting and Simulation,
This paper develops a practical model-based forecasting and policy analysis system (FPAS) to support a transition to an inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good fo...
Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis »
Source: Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis
Volume/Issue: 2012/162
Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Ashok Bhatia
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
ISBN: 9781475504712
Keywords: credit, collateral, bonds, shares, Leverage, Securitization, Investment Banking, Money And Interest Rates, Financial Institutions And Services,
This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis n...
Striving to Be 'Clearly Open' and 'Crystal Clear' »
Source: Striving to Be 'Clearly Open' and 'Crystal Clear' : Monetary Policy Communication of the CNB
Volume/Issue: 2008/84
Series: IMF Working Papers
Author(s): Ales Bulir , and Katerina Smídková
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2008
ISBN: 9781451869453
Keywords: communication, Czech National Bank, central bank, national bank, Money and Interest Rates: Forecasting and Simulation,
The Czech National Bank has a respectable track record in terms of its policy actions and the corresponding inflation outturns. Using a simple forward-looking policy rule, we find that its main communication tools-...
Setting the Operational Framework for Producing Inflation Forecasts »
Source: Setting the Operational Framework for Producing Inflation Forecasts
Volume/Issue: 2006/122
Series: IMF Working Papers
Author(s): Turgut Kisinbay , Eric Parrado , Rodolfo Maino , and Jorge Canales Kriljenko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2006
ISBN: 9781451863826
Keywords: Inflation forecasting, communication, central bank, inflation forecasts, Money and Interest Rates: Forecasting and Simulation,
How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses elements for building a comprehensive platform for an inflation forecasting framework. It describes th...
Monetary Policy in Hybrid Regimes »
Source: Monetary Policy in Hybrid Regimes : The Case of Kazakhstan
Volume/Issue: 2014/108
Series: IMF Working Papers
Author(s): Natan Epstein , and Rafael Portillo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 June 2014
ISBN: 9781498340724
Keywords: Interest Rate, Money Market, Exchange Rate, central bank, inflation, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects),
This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing inflation in the context of a managed exchange rate regime. Over the past two years, the central b...
Reversing the Financial Accelerator »
Source: Reversing the Financial Accelerator : Credit Conditions and Macro-Financial Linkages
Volume/Issue: 2011/26
Series: IMF Working Papers
Author(s): Tamim Bayoumi , and Reginald Darius
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2011
ISBN: 9781455216734
Keywords: Financial conditions index, credit conditions, survey, statistics, inflation, Money and Interest Rates: Forecasting and Simulation, Financial Markets and the Macroeconomy,
This paper examines the role of credit markets in the transmission of U.S. macro-financial shocks through the prism of a financial conditions index (FCI) based on a vector autoregression (VAR) methodology. It explo...
Inflation Targeting and the Crisis »
Source: Inflation Targeting and the Crisis : An Empirical Assessment
Volume/Issue: 2010/45
Series: IMF Working Papers
Author(s): Irineu de Carvalho Filho
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2010
ISBN: 9781451963045
Keywords: economic crisis, inflation, terms of trade, real interest rates, Macroeconomics and Monetary Economics: General, Business Fluctuations, And Cycles, money And Interest Rates,
This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. We find that since August...