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Building a Common Future in Southern Africa

Building a Common Future in Southern Africa »

Series: Books

Author(s): Joannes Mongardini , Tamon Asonuma , Olivier Basdevant , Alfredo Cuevas , Xavier Debrun , Lars Engstrom , Imelda Flores Vazquez , Vitaliy Kramarenko , Lamin Leigh , Paul Masson , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2013

DOI: http://dx.doi.org/10.5089/9781616353995.071

ISBN: 9781616353995

Keywords: monetary policy, inflation, unemployment rate, rules

The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the people of the regio...

The Use and Abuse of Taylor Rules

The Use and Abuse of Taylor Rules »

Source: The Use and Abuse of Taylor Rules : How Precisely Can We Estimate Them?

Volume/Issue: 2005/148

Series: IMF Working Papers

Author(s): Robert Tchaidze , and Alina Carare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861679

Keywords: central bank, Taylor rules, inflation, monetary policy rules, monetary economics,

This paper draws attention to inconsistencies in estimating simple monetary policy rules and their implications for policy advice. We simulate a macroeconomic model with a backward reaction function similar to Tayl...

United Kingdom

United Kingdom »

Source: United Kingdom : Selected Issues

Volume/Issue: 2001/106

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2000

ISBN: 9781451814156

Keywords: inflation, monetary policy, aggregate demand, monetary authority, monetary policy rules

This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper f...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2001/106

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2000

ISBN: 9781451814156

Keywords: inflation, monetary policy, aggregate demand, monetary authority, monetary policy rules

This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper f...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2001/106

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2000

ISBN: 9781451814156

Keywords: inflation, monetary policy, aggregate demand, monetary authority, monetary policy rules

This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper f...

United Kingdom: Selected Issues

United Kingdom: Selected Issues »

Source: United Kingdom : Selected Issues

Volume/Issue: 2001/106

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2000

ISBN: 9781451814156

Keywords: inflation, monetary policy, aggregate demand, monetary authority, monetary policy rules

This Selected Issues paper on the United Kingdom describes the issues related to the choice between different types of inflation targeting frameworks and the features of the Bank of England's framework. The paper f...

A Monetary Policy Rule for Jamaica

A Monetary Policy Rule for Jamaica »

Source: A Monetary Policy Rule for Jamaica

Volume/Issue: 2005/41

Series: IMF Working Papers

Author(s): Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860603

Keywords: Monetary policy rules, inflation targeting, inflation, monetary policy rule, central bank, inflation targetting,

Since 1996, the Bank of Jamaica (BoJ) has sought to limit changes in the exchange rate for the Jamaican dollar in the context of its efforts to maintain low inflation. However, with a persistently high public secto...

An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries

An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries »

Source: An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries

Volume/Issue: 2007/282

Series: IMF Working Papers

Author(s): Shanaka Peiris , and Magnus Saxegaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868456

Keywords: DSGE, Bayesian Estimation, inflation, monetary policy rules, monetary fund,

This paper evaluates monetary policy-tradeoffs in low-income countries using a dynamic stochastic general equilibrium (DSGE) model estimated on data for Mozambique taking into account the sources of major exogenous...

Robust Versus Optimal Rules in Monetary Policy

Robust Versus Optimal Rules in Monetary Policy »

Source: Robust Versus Optimal Rules in Monetary Policy : A Note

Volume/Issue: 2004/96

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2004

ISBN: 9781451851946

Keywords: Model Uncertainty, Policy Rules, central bank, probability, monetary policy rules, Game Theory and Bargaining Theory: General,

We provide a framework for analyzing the choice between optimal and robust monetary policy rules in the presence of paradigm uncertainty. We first discuss the conditions on uncertainty that render a robust rule pre...

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints »

Source: Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints

Volume/Issue: 2009/286

Series: IMF Working Papers

Author(s): Michael Kumhof , and Huixin Bi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874310

Keywords: Optimal simple rules, monetary policy rules, fiscal policy rules, welfare analysis, borrowing constraints, tax revenue, inflation, government spending,

We study the welfare properties of an economy where both monetary and fiscal policy follow simple rules, and where a subset of agents is borrowing constrained. The optimized fiscal rule is far more aggressive than...