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Commodity Price Volatility, Cyclical Fluctuations, and Convergence

Commodity Price Volatility, Cyclical Fluctuations, and Convergence »

Source: Commodity Price Volatility, Cyclical Fluctuations, and Convergence : What is Ahead for Inflation in Emerging Europe?

Volume/Issue: 2009/41

Series: IMF Working Papers

Author(s): Edda Zoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871890

Keywords: Price Convergence, price inflation, price level, inflation response,

This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that...

Forces Driving Inflation in the New EU10 Members

Forces Driving Inflation in the New EU10 Members »

Source: Forces Driving Inflation in the New EU10 Members

Volume/Issue: 2009/51

Series: IMF Working Papers

Author(s): Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871999

Keywords: generalized dynamic factor model, price convergence, price level, relative price, inflation process, inflation dynamics,

The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integra...

Can Domestic Policies Influence Inflation?

Can Domestic Policies Influence Inflation? »

Source: Can Domestic Policies Influence Inflation?

Volume/Issue: 2007/257

Series: IMF Working Papers

Author(s): Ashoka Mody , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2007

ISBN: 9781451868203

Keywords: Price convergence, Maastricht criterion, Euro adoption, monetary policy, price level, inflation rates, inflation rate,

Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic authorities to influence the pace of inflation. First, as markets are integrated, the common, c...

Dynamic Factor Price Equalization & International Income Convergence

Dynamic Factor Price Equalization & International Income Convergence »

Source: Dynamic Factor Price Equalization & International Income Convergence

Volume/Issue: 2008/267

Series: IMF Working Papers

Author(s): Clinton Shiells , and Joseph Francois

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871258

Keywords: Neoclassical Models of Trade, Economic Growth of Open Economies, Cross Country Output Convergence, capital stock, factor price, intermediate goods, factor price equalization, Cross-Country Output Convergence,

The paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a d...

Capital Market Integration

Capital Market Integration »

Source: Capital Market Integration : Progress Ahead of the East African Community Monetary Union

Volume/Issue: 2012/18

Series: IMF Working Papers

Author(s): Masafumi Yabara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931230

Keywords: East African Community, monetary union, capital market, equity, stock, bond, beta convergence, sigma convergence, cointegration, stock market

Capital markets in the East African Community (EAC) face common challenges of low capitalization and liquidity, but to different degrees. EAC member countries have made noticeable progress in developing domestic ca...

Inflation Differentials in the GCC

Inflation Differentials in the GCC »

Source: Inflation Differentials in the GCC : Does the Oil Cycle Matter?

Volume/Issue: 2011/294

Series: IMF Working Papers

Author(s): Oral Williams , and Kamiar Mohaddes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

ISBN: 9781463927288

Keywords: Inflation differentials, convergence, panel data, pairwise approach, monetary union, Gulf Cooperation Council (GCC) countries., inflation, inflation rates, monetary fund, price level

This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inf...

Growth and Inflation Dispersions in EMU

Growth and Inflation Dispersions in EMU »

Source: Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications

Volume/Issue: 2007/167

Series: IMF Working Papers

Author(s): Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867312

Keywords: Common and country-specific shocks, output and inflation dispersions, convergence, risks sharing, monetary policy, real interest rate, price level, aggregate demand,

This paper's analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, rel...

Emerging Markets in Transition

Emerging Markets in Transition »

Source: Emerging Markets in Transition : Growth Prospects and Challenges

Volume/Issue: 2014/6

Series: Staff Discussion Notes

Author(s): Luis Cubeddu , Alexander Culiuc , Ghada Fayad , Yuan Gao , Kalpana Kochhar , Annette Kyobe , Ceyda Oner , Roberto Perrelli , Sarah Sanya , Evridiki Tsounta , and Zhongxia Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2014

ISBN: 9781498327664

Keywords: Emerging markets, growth, potential growth, convergence, heterogeneity, structural reform, productivity, terms of trade, trading partners, commodity prices

After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the po...

Commodity Price Volatility, Cyclical Fluctuations, and Convergence
			: What is Ahead for Inflation in Emerging Europe?

Commodity Price Volatility, Cyclical Fluctuations, and Convergence : What is Ahead for Inflation in Emerging Europe? »

Volume/Issue: 2009/41

Series: IMF Working Papers

Author(s): Edda Zoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871890.001

ISBN: 9781451871890

Keywords: Price Convergence, price inflation, price level, inflation response,

This paper assesses the role of international commodity prices, cyclical fluctuations, and convergence in driving inflation in 18 European emerging economies. Country specific VARs and panel estimates indicate that...

Forces Driving Inflation in the New EU10 Members

Forces Driving Inflation in the New EU10 Members »

Volume/Issue: 2009/51

Series: IMF Working Papers

Author(s): Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871999.001

ISBN: 9781451871999

Keywords: generalized dynamic factor model, price convergence, price level, relative price, inflation process, inflation dynamics,

The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integra...