Search Results

You are looking at 1 - 10 of 49 items

  • Keyword: Private Information x
Clear All Modify Search
World Economic Outlook, October 2001
			: The Information Technology Revolution

World Economic Outlook, October 2001 : The Information Technology Revolution »

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2002

Language: Arabic

DOI: http://dx.doi.org/10.5089/9781589060838.081

ISBN: 9781589060838

Keywords: capital account liberalization, information technology, capital flows, fdi, external financing, current account balance, debt, domestic demand, capital inflows, private capital flows

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an...

Conformism and Public News

Conformism and Public News »

Source: Conformism and Public News

Volume/Issue: 2011/33

Series: IMF Working Papers

Author(s): Celine Rochon , and Gabriel Desgranges

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455217939

Keywords: Asymmetric Information, Conformism, Beauty Contest, investors, equation, correlation, polynomial, investment decisions, Asymmetric and Private Information,

We study a model where investment decisions are based on investors' information about the unknown and endogenous return of the investment. The information of investors consists of endogenously determined messages s...

On the Optimal Adherence to Money Targets in a New-Keynesian Framework

On the Optimal Adherence to Money Targets in a New-Keynesian Framework »

Source: On the Optimal Adherence to Money Targets in a New-Keynesian Framework : An Application to Low-Income Countries

Volume/Issue: 2010/134

Series: IMF Working Papers

Author(s): Andrew Berg , Filiz Unsal , and Rafael Portillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201174

Keywords: Incomplete Information, Money Targets, Low-Income Countries, inflation, central bank, money demand, money growth, Asymmetric and Private Information,

Many low-income countries continue to describe their monetary policy framework in terms of targets on monetary aggregates. This contrasts with most modern discussions of monetary policy, and with most practice. We...

Currency Crises and Uncertainty About Fundamentals

Currency Crises and Uncertainty About Fundamentals »

Source: Currency Crises and Uncertainty About Fundamentals

Volume/Issue: 2002/3

Series: IMF Working Papers

Author(s): M. Sbracia , and Alessandro Prati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451841916

Keywords: Speculative attack, exchange rate crisis, public and private information, exchange rate, exchange rate pressures, probability, equation, predictions, Asymmetric and Private Information,

This paper studies how uncertainty about fundamentals contributed to currency crises from both a theoretical and an empirical perspective. We find evidenceCbased on a monthly dataset of Consensus forecasts for six...

Testing the Transparency Benefits of Inflation Targeting

Testing the Transparency Benefits of Inflation Targeting »

Source: Testing the Transparency Benefits of Inflation Targeting : Evidence from Private Sector Forecasts

Volume/Issue: 2006/289

Series: IMF Working Papers

Author(s): Christopher Crowe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865493

Keywords: inflation forecasts, central bank transparency, propensity score matching, central bank, Asymmetric and Private Information,

I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparenc...

Private Information, Capital Flows, and Exchange Rates1

Private Information, Capital Flows, and Exchange Rates1 »

Source: Private Information, Capital Flows, and Exchange Rates

Volume/Issue: 2012/213

Series: IMF Working Papers

Author(s): Jacob Gyntelberg , Subhanij Tientip , and Mico Loretan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505634

Keywords: Order flow, private information, exchange rate models, market microstructure, bond, bond market, stock market, bonds,

We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors' stock market transactions have both an economically significant and a permanent im...

Imperfect Information and Saving in a Small Open Economy

Imperfect Information and Saving in a Small Open Economy »

Source: Imperfect Information and Saving in a Small Open Economy

Volume/Issue: 2011/60

Series: IMF Working Papers

Author(s): Agustin Roitman , and Christian Daude

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455221042

Keywords: saving, uncertainty, Bayesian learning, Markov switching, autocorrelation, stochastic process, correlation, probabilities, statistics, Asymmetric and Private Information,

Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We s...

Institutional Inertia

Institutional Inertia »

Source: Institutional Inertia

Volume/Issue: 2009/193

Series: IMF Working Papers

Author(s): Laura Valderrama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873405

Keywords: Private Information, Property Rights, Dynamic Voting, Inertia, voting, technology choice, technologies, voter, technological change,

We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority vot...

Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships

Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships »

Source: Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships

Volume/Issue: 2009/177

Series: IMF Working Papers

Author(s): André De Palma , Guillaume Prunier , and Luc Leruth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

ISBN: 9781451873245

Keywords: infrastructure financing, public-private partnerships, principal-agent framework, risk classification, transportation infrastructure, value for money, private partnerships, telecommunications, private company, Asymmetric and Private Information

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments...

Trust As a Means of Improving Corporate Governance and Efficiency

Trust As a Means of Improving Corporate Governance and Efficiency »

Source: Trust As a Means of Improving Corporate Governance and Efficiency

Volume/Issue: 2002/33

Series: IMF Working Papers

Author(s): Ralph Chami , and Connel Fullenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

ISBN: 9781451845198

Keywords: asymmetric information, efficiency, trust, altruism, wage, profit sharing, compensation, Relation of Economics to Social Values, Production and Organizations: General, Asymmetric and Private Information

Agency problems within the firm are a significant hindrance to efficiency. We propose trust between coworkers as a superior alternative to the standard tools used to mitigate agency problems: increased monitoring a...