Search Results

You are looking at 1 - 10 of 13 items

  • Keyword: overvaluation x
Clear All Modify Search
United States

United States »

Source: United States : Selected Issues

Volume/Issue: 2008/256

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2008

ISBN: 9781451839722

Keywords: recession, recessions, regional recessions, overvaluation

This Selected Issues paper summarizes estimates of the gap between current housing prices and their equilibrium levels in the United States. It examines short-term dynamics of price adjustment. Reflecting uncertain...

What Undermines Aid's Impact on Growth?

What Undermines Aid's Impact on Growth? »

Source: What Undermines Aid's Impact on Growth?

Volume/Issue: 2005/126

Series: IMF Working Papers

Author(s): Arvind Subramanian , and Raghuram Rajan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861457

Keywords: Growth, Competitiveness, exchange rate, standard deviation, real exchange rate, exchange rate overvaluation, standard errors, Economic Growth and Aggregate Productivity: General,

We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a pos...

Is the Canadian Housing Market Overvalued? A Post-crisis Assessment1

Is the Canadian Housing Market Overvalued? A Post-crisis Assessment1 »

Source: Is the Canadian Housing Market Overvalued? A Post-crisis Assessment

Volume/Issue: 2009/235

Series: IMF Working Papers

Author(s): Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

ISBN: 9781451873825

Keywords: House prices, overvaluation, mortgage, mortgages, mortgage credit, mortgage debt, Urban, Rural, and Regional Economics: Housing Demand, Housing Supply and Markets,

Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of...

Financial Dollarization Equilibria

Financial Dollarization Equilibria »

Source: Financial Dollarization Equilibria : A Framework for Policy Analysis

Volume/Issue: 2005/186

Series: IMF Working Papers

Author(s): Alain Ize

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451862058

Keywords: exchange rate, currency risk, interest rate risk, overvaluation, moral hazard, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Financial Institutions and Services: General,

Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy action. This paper contributes to the policy debate by presenting a common analytic framework t...

Optimal Macroprudential Policy and Asset Price Bubbles

Optimal Macroprudential Policy and Asset Price Bubbles »

Source: Optimal Macroprudential Policy and Asset Price Bubbles

Volume/Issue: 2019/184

Series: IMF Working Papers

Author(s): Nina Biljanovska , Lucyna Gornicka , and Alexandros Vardoulakis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2019

ISBN: 9781513511078

Keywords: Economic conditions, Financial crises, Demand, Economic stabilization, Price indexes, Collateral constraints, rational bubbles, macroprudential regulation, optimal policy, WP

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytic...

Can PRGF Policy Levers Improve Institutions and Lead to Sustained Growth?

Can PRGF Policy Levers Improve Institutions and Lead to Sustained Growth? »

Source: Can PRGF Policy Levers Improve Institutions and Lead to Sustained Growth?

Volume/Issue: 2005/044

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2005

ISBN: 9781498331319

Keywords: Poverty Reduction and Growth Facility, Agriculture, Capital, Capital goods, Central banking, Central banks, Corruption, Currencies, Developing countries, Development

Broad economic institutions are of fundamental importance for sustained economic growth. Changing these institutions is difficult, particularly for outsiders. But this does not mean that there is no role for the Fu...

United States
			: Selected Issues

United States : Selected Issues »

Volume/Issue: 2008/256

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2008

DOI: http://dx.doi.org/10.5089/9781451839722.002

ISBN: 9781451839722

Keywords: recession, recessions, regional recessions, overvaluation

This Selected Issues paper summarizes estimates of the gap between current housing prices and their equilibrium levels in the United States. It examines short-term dynamics of price adjustment. Reflecting uncertain...

Measuring Misalignment
			: Purchasing Power Parity and East Asian Currencies in the 1990s

Measuring Misalignment : Purchasing Power Parity and East Asian Currencies in the 1990s »

Volume/Issue: 1999/120

Series: IMF Working Papers

Author(s): Menzie Chinn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

DOI: http://dx.doi.org/10.5089/9781451854251.001

ISBN: 9781451854251

Keywords: Currencies, exchange rate, purchasing power parity, overvaluation, cointegration, exchange rates, real exchange rates, real exchange rate

The concept of purchasing power parity (PPP) is used to evaluate whether eight East Asian currencies were overvalued on the eve of the 1997 crises. The Johansen and Horvath-Watson cointegration test procedures are...

What Undermines Aid's Impact on Growth?

What Undermines Aid's Impact on Growth? »

Volume/Issue: 2005/126

Series: IMF Working Papers

Author(s): Arvind Subramanian , and Raghuram Rajan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

DOI: http://dx.doi.org/10.5089/9781451861457.001

ISBN: 9781451861457

Keywords: Growth, Competitiveness, exchange rate, standard deviation, real exchange rate, exchange rate overvaluation, standard errors, Economic Growth and Aggregate Productivity: General,

We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We look for a pos...

Is the Canadian Housing Market Overvalued? A Post-crisis Assessment

Is the Canadian Housing Market Overvalued? A Post-crisis Assessment »

Volume/Issue: 2009/235

Series: IMF Working Papers

Author(s): Evridiki Tsounta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

DOI: http://dx.doi.org/10.5089/9781451873825.001

ISBN: 9781451873825

Keywords: House prices, overvaluation, mortgage, mortgages, mortgage credit, mortgage debt, Urban, Rural, and Regional Economics: Housing Demand, Housing Supply and Markets,

Canadian house prices have increased significantly between 2003 and early 2008, with a marked downward trend since mid-2008, especially in the resource-rich western provinces. This paper estimates the evolution of...