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- Keyword: Quantitative Policy Modeling, x
The Challenge of Debt Reduction during Fiscal Consolidation »
Source: The Challenge of Debt Reduction during Fiscal Consolidation
Volume/Issue: 2013/67
Series: IMF Working Papers
Author(s): Luc Eyraud , and Anke Weber
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 March 2013
ISBN: 9781475553864
Keywords: fiscal multipliers, fiscal policy, fiscal tightening, Quantitative Policy Modeling, General,
Studies suggest that fiscal multipliers are currently high in many advanced economies. One important implication is that fiscal tightening could raise the debt ratio in the short term, as fiscal gains are partly wi...
Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market »
Source: Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market
Volume/Issue: 2018/96
Series: IMF Working Papers
Author(s): Fei Han , and Dulani Seneviratne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 May 2018
ISBN: 9781484353677
Keywords: Japan, Asia and Pacific, Quantitative easing, quantitative and qualitative monetary easing, market liquidity, Japanese government bond, scarcity effects, Models with Panel Data, Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation, Quantitative Policy Modeling
Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity wh...
Structural Quarterly Projection Model for Belarus1 »
Source: Structural Quarterly Projection Model for Belarus
Volume/Issue: 2018/254
Series: IMF Working Papers
Author(s): Karel Musil , Mikhail Pranovich , and Jan Vlcek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 December 2018
ISBN: 9781484385616
Keywords: Belarus, Dollarization, Europe, Monetary policy, Quarterly Projection Model, Nominal Wages, Fiscal Impulse, Forecasting and Simulation, Monetary Policy (Targets, Instruments
Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a small structural model at the core of the forecasting and policy analysis system. A well-researched canonical structure of...
Fiscal Multipliers and the State of the Economy1 »
Source: Fiscal Multipliers and the State of the Economy
Volume/Issue: 2012/286
Series: IMF Working Papers
Author(s): Anja Baum , Marcos Poplawski-Ribeiro , and Anke Weber
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 December 2012
ISBN: 9781475565829
Keywords: business cycle, nonlinear analysis, fiscal multipliers, fiscal adjustment, government spending, fiscal consolidation, fiscal multipliers., Quantitative Policy Modeling,
Only a few empirical studies have analyzed the relationship between fiscal multipliers and the underlying state of the economy. This paper investigates this link on a country-by-country basis for the G7 economies (...
Fiscal Multipliers in Bulgaria »
Source: Fiscal Multipliers in Bulgaria : Low But Still Relevant
Volume/Issue: 2013/49
Series: IMF Working Papers
Author(s): Dirk Muir , and Anke Weber
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2013
ISBN: 9781475560473
Keywords: business cycle, nonlinear analysis, fiscal multipliers, fiscal instruments, tax base, Quantitative Policy Modeling, Computable and Other Applied General Equilibrium Models, Forecasting and Simulation, Forecasting and Simulation, General,
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-te...
On Swing Pricing and Systemic Risk Mitigation »
Source: On Swing Pricing and Systemic Risk Mitigation
Volume/Issue: 2017/159
Series: IMF Working Papers
Author(s): Sheheryar Malik , and Peter Lindner
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 July 2017
ISBN: 9781484310151
Keywords: Financial crises, Liquidity management; Mutual funds; Redemptions; Systemic risk; Swing pricing, Liquidity management, Mutual funds, Redemptions, Systemic risk, Swing pricing, Model Construction and Estimation, Quantitative Policy Modeling
Swing pricing allows a fund manager to transfer to redeeming or subscribing investors the costs associated with their trading activity, thus potentially discouraging large flows. This liquidity management tool, whi...
(Not) Dancing Together »
Source: (Not) Dancing Together : Monetary Policy Stance and the Government Spending Multiplier
Volume/Issue: 2015/114
Series: IMF Working Papers
Author(s): Vincent Belinga , and Constant Lonkeng Ngouana
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 May 2015
ISBN: 9781513572185
Keywords: Spending multiplier, accommodative monetary policy, local projections, government spending, interest rates, interest, Quantitative Policy Modeling, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy,
This paper provides estimates of the government spending multiplier over the monetary policy cycle. We identify government spending shocks as forecast errors of the growth rate of government spending from the Surve...
Italy: Quantifying the Benefits of a Comprehensive Reform Package1 »
Source: Italy: Quantifying the Benefits of a Comprehensive Reform Package
Volume/Issue: 2018/60
Series: IMF Working Papers
Author(s): Michal Andrle , Alvar Kangur , and Mehdi Raissi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 March 2018
ISBN: 9781484347614
Keywords: Labor market reforms, Wage bargaining, Europe, Italy, Banking sector, Fiscal policy, growth, competitiveness, product market reforms, DSGE models
This paper seeks to quantify the net benefits of a comprehensive reform package aimed at addressing Italy's inter-related challenges. Specifically, it simulates the growth and competitiveness effects of a package o...
The Pacific Speed of Growth »
Source: The Pacific Speed of Growth : How Fast Can It Be and What Determines It?
Volume/Issue: 2013/104
Series: IMF Working Papers
Author(s): Yongzheng Yang , Hong Chen , Shiu raj Singh , and Baljeet Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 May 2013
ISBN: 9781484399040
Keywords: growth, convergence, remoteness, volatility, aid, investment exports, trading partners, output volatility, trade openness, exchange rate regime
This study aims to test within a relatively homogeneous group of small states what differentiates the growth performance of Pacific island countries (PICs) from their peers. We find that PICs are disadvantaged by d...
Macroprudential Policy - An Organizing Framework - Background Paper1 »
Source: Macroprudential Policy - An Organizing Framework - Background Paper
Volume/Issue: 2011/018
Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 March 2011
ISBN: 9781498339179
Keywords: Background papers, Exchange rate policy, Financial risk, Financial stability, Fiscal policy, International financial system, Monetary policy, Financial crises, Macroprudential policies and financial stability, Financial systems
MCM conducted a survey in December 2010 to take stock of international experiences with financial stability and the evolving macroprudential policy framework. The survey was designed to seek information in three br...