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Republic of Lithuania: Selected Issues

Republic of Lithuania: Selected Issues »

Source: Republic of Lithuania : Selected Issues

Volume/Issue: 2005/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2005

ISBN: 9781451824100

Keywords: inflation, currency boards, macroeconomic performance, inflation dynamics, relative price

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in th...

Republic of Lithuania: Selected Issues

Republic of Lithuania: Selected Issues »

Source: Republic of Lithuania : Selected Issues

Volume/Issue: 2005/122

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2005

ISBN: 9781451824100

Keywords: inflation, currency boards, macroeconomic performance, inflation dynamics, relative price

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in th...

Would "Cold Turkey" Work in Turkey?

Would "Cold Turkey" Work in Turkey? »

Source: Would "Cold Turkey" Work in Turkey?

Volume/Issue: 2003/49

Series: IMF Working Papers

Author(s): R. Gelos , Alessandro Prati , and Oya Celasun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

ISBN: 9781451846867

Keywords: inertia, price rigidities, stabilization, inflation dynamics, monetary economics,

Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an obstacle to disinflation. We assess the empirical validity of this argument. We find that the cur...

Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps

Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps »

Source: Still Minding the Gap-Inflation Dynamics during Episodes of Persistent Large Output Gaps

Volume/Issue: 2010/189

Series: IMF Working Papers

Author(s): Andre Meier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202232

Keywords: Output gap, Phillips curve, Recession, inflation rates, inflation dynamics, low inflation, General Outlook and Conditions,

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about signif...

Inflation Dynamics and the Great Recession

Inflation Dynamics and the Great Recession »

Source: Inflation Dynamics and the Great Recession

Volume/Issue: 2011/121

Series: IMF Working Papers

Author(s): Sandeep Mazumder , and Laurence Ball

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455263387

Keywords: Phillips curve, Great Recession, unemployment, actual inflation, monetary policy, inflation dynamics,

This paper examines inflation dynamics in the United States since 1960, with a particular focus on the Great Recession. A puzzle emerges when Phillips curves estimated over 1960-2007 are ussed to predice inflation...

Inflation Dynamics in Yemen

Inflation Dynamics in Yemen »

Source: Inflation Dynamics in Yemen : An Empirical Analysis

Volume/Issue: 2010/144

Series: IMF Working Papers

Author(s): Abdullah Almounsor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201273

Keywords: pass-through, and money supply, money supply, inflation dynamics, monetary fund, inflation response,

Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii)...

Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data

Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data »

Source: Why Do Prices in Sierra Leone Change So Often? A Case Study Using Micro-level Price Data

Volume/Issue: 2006/53

Series: IMF Working Papers

Author(s): Arto Kovanen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

ISBN: 9781451863130

Keywords: price stickiness, monetary policy, money supply, inflation dynamics, central bank, Inflation And Price Stickiness,

We use cross-section and time-series techniques to analyze pricing behavior in Sierra Leone. In cross-sectional data, we find that inflation volatility and product diversification are the main factors explaining di...

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...

Balance of Payments Anti-Crises

Balance of Payments Anti-Crises »

Source: Balance of Payments Anti-Crises

Volume/Issue: 2009/134

Series: IMF Working Papers

Author(s): Isabel Yan , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872811

Keywords: Balance of payments anti-crises, inflation dynamics, foreign exchange, exchange rate, inflation targeting,

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciatio...

The Great Recession and the Inflation Puzzle

The Great Recession and the Inflation Puzzle »

Source: The Great Recession and the Inflation Puzzle

Volume/Issue: 2013/124

Series: IMF Working Papers

Author(s): Troy Matheson , and Emil Stavrev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

ISBN: 9781484334720

Keywords: Phillips Curve, price inflation, inflation dynamics, monetary fund, Forecasting and Other Model Applications, Forecasting and Simulation,

Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation...