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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...

Inflation Differentials in the EU

Inflation Differentials in the EU »

Source: Inflation Differentials in the EU : A Common (Factors) Approach with Implications for EU8 Euro Adoption Prospects

Volume/Issue: 2008/21

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

ISBN: 9781451868838

Keywords: generalized dynamic factors model, euro adoption, central bank, price level, monetary policy, relative price,

This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specifi...

The ECB's Monetary Analysis Revisited

The ECB's Monetary Analysis Revisited »

Source: The ECB's Monetary Analysis Revisited

Volume/Issue: 2008/171

Series: IMF Working Papers

Author(s): Helge Berger , Thomas Harjes , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870299

Keywords: ECB, monetary analysis, monetary pillar, New Keynesian model, DSGE model, P* model, Two-pillar Phillips curve, VAR model, generalized dynamic factor model, inflation

Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exc...

Monetary Policy and Balance Sheets

Monetary Policy and Balance Sheets »

Source: Monetary Policy and Balance Sheets

Volume/Issue: 2013/158

Series: IMF Working Papers

Author(s): Deniz Igan , Alain Kabundi , Francisco Nadal De Simone , and Natalia Tamirisa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

ISBN: 9781484343500

Keywords: monetary policy transmission, FAVAR, generalized dynamic factor models, inflation, money stock, transmission of monetary policy, monetary policy transmission mechanism, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments

This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded dat...

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...

Inflation Differentials in the EU
			: A Common (Factors) Approach with Implications for EU8 Euro Adoption Prospects

Inflation Differentials in the EU : A Common (Factors) Approach with Implications for EU8 Euro Adoption Prospects »

Volume/Issue: 2008/21

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

DOI: http://dx.doi.org/10.5089/9781451868838.001

ISBN: 9781451868838

Keywords: generalized dynamic factors model, euro adoption, central bank, price level, monetary policy, relative price,

This paper explores inflation determinants within the EU and implications for new members' euro adoption plans. Factor analysis partitions observed inflation in EU25 countries into common-origin and country-specifi...

The ECB's Monetary Analysis Revisited

The ECB's Monetary Analysis Revisited »

Volume/Issue: 2008/171

Series: IMF Working Papers

Author(s): Helge Berger , Thomas Harjes , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

DOI: http://dx.doi.org/10.5089/9781451870299.001

ISBN: 9781451870299

Keywords: ECB, monetary analysis, monetary pillar, New Keynesian model, DSGE model, P* model, Two-pillar Phillips curve, VAR model, generalized dynamic factor model, inflation

Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exc...

Monetary Policy and Balance Sheets

Monetary Policy and Balance Sheets »

Volume/Issue: 2013/158

Series: IMF Working Papers

Author(s): Deniz Igan , Alain Kabundi , Francisco Nadal De Simone , and Natalia Tamirisa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781484343500.001

ISBN: 9781484343500

Keywords: monetary policy transmission, FAVAR, generalized dynamic factor models, inflation, money stock, transmission of monetary policy, monetary policy transmission mechanism, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments

This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded dat...