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Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Bulgaria: Staff Report for the 2015 Article IV Consultation—Informational Annex

Bulgaria: Staff Report for the 2015 Article IV Consultation—Informational Annex »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

IMF Executive Board Concludes 2015 Article IV Consultation with Bulgaria

IMF Executive Board Concludes 2015 Article IV Consultation with Bulgaria »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Statement by Menno Snel, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, May 4, 2015

Statement by Menno Snel, Executive Director for Bulgaria and Tsvetan Manchev, Advisor to Executive Director, May 4, 2015 »

Source: Bulgaria : 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria

Volume/Issue: 2015/119

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2015

ISBN: 9781475586961

Keywords: monetary fund, economic developments, policy credibility, governance issues

This 2015 Article IV Consultation highlights that Bulgaria achieved modest economic growth in 2014, which is expected to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent...

Does Money Matter for Inflation in Ghana?

Does Money Matter for Inflation in Ghana? »

Source: Does Money Matter for Inflation in Ghana?

Volume/Issue: 2011/274

Series: IMF Working Papers

Author(s): Arto Kovanen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463925291

Keywords: monetary policy credibility, inflation-targeting, inflation, monetary policy, real money, money stock,

Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation horizon (four to eight quarters). On the other hand, currency depreciation and demand pressures (...

Words vs. Deeds

Words vs. Deeds »

Source: Words vs. Deeds : What Really Matters?

Volume/Issue: 2011/112

Series: IMF Working Papers

Author(s): Mahvash Qureshi , Atish Ghosh , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

ISBN: 9781455261413

Keywords: policy credibility, exchange rate, exchange rate regime, central bank, inflation performance, Open Economy Macroeconomics,

This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging market and developing countries (EMDCs) over the period 1980-2010. We contend that, just as a d...

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility »

Source: Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Volume/Issue: 2001/7

Series: IMF Working Papers

Author(s): Peter Isard , Douglas Laxton , and Ann-Charlotte Eliasson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451842418

Keywords: monetary policy rules, credibility, NAIRU uncertainty, inflation, inflation rate, monetary authorities, Model Construction and Estimation,

Stochastic simulations are employed to compare performance of monetary policy rules in linear and nonlinear variants of a small macro model with NAIRU uncertainity under different assumptions about the way inflatio...

The Design of EMU

The Design of EMU »

Source: The Design of EMU

Volume/Issue: 1997/99

Series: IMF Working Papers

Author(s): David Begg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1997

ISBN: 9781451852233

Keywords: European Monetary Union, credibility, asymmetric shocks, inflation, monetary policy, central bank, price stability, monetary union

Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implicati...

Endogenous Monetary Policy Credibility in a Small Macro Model of Israel

Endogenous Monetary Policy Credibility in a Small Macro Model of Israel »

Source: Endogenous Monetary Policy Credibility in a Small Macro Model of Israel

Volume/Issue: 2007/207

Series: IMF Working Papers

Author(s): Eyal Argov , David Rose , Philippe Karam , Natan Epstein , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867718

Keywords: monetary policy credibility, non-linearity, inflation, central bank, inflation target, monetary fund,

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation-output process that arise from convexity in the Phillips curve and endogenous monetary policy credibility....

Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise — A New Dataset

Strengthening Post-Crisis Fiscal Credibility: Fiscal Councils on the Rise — A New Dataset »

Source: Strengthening Post-Crisis Fiscal Credibility : Fiscal Councils on the Rise - A New Dataset

Volume/Issue: 2014/58

Series: IMF Working Papers

Author(s): Xavier Debrun , and Tidiane Kinda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2014

ISBN: 9781475516135

Keywords: Credibility of fiscal policy, fiscal councils, forecast errors, fiscal council, fiscal institutions,

Institutions aimed at constraining policy discretion to promote sound fiscal policies are once again at the forefront of the policy debate. Interest in 'fiscal councils,' independent watchdogs active in the public...