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- IMF Working Papers x
- Keywords: macroeconomic x
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Adding Latin America to the Global Projection Model1 »
Source: Adding Latin America to the Global Projection Model
Volume/Issue: 2009/85
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
ISBN: 9781451872323
Keywords: Macroeconomic Modeling, Bayesian Estimation, inflation, equation, forecasting, real interest rate,
This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which e...
Cross-country Consumption Risk Sharing, a Long-run Perspective »
Source: Cross-country Consumption Risk Sharing, a Long-run Perspective
Volume/Issue: 2010/64
Series: IMF Working Papers
Author(s): Zhaogang Qiao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2010
ISBN: 9781451982084
Keywords: Consumption risk sharing, Intertemporal smoothing, Nonstationary panel analysis, Cointegration, risk sharing, equation, time series, statistic, Macroeconomics and Monetary Economics: General, International Economics: General,
This paper estimates an empirical nonstationary panel regression model that tests long-run consumption risk sharing across a sample of OECD and emerging market (EM) countries. This is in contrast to the existing li...
Did Output Recover From the Asian Crisis? »
Source: Did Output Recover From the Asian Crisis?
Volume/Issue: 2003/48
Series: IMF Working Papers
Author(s): Valerie Cerra , and Sweta Saxena
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2003
ISBN: 9781451846751
Keywords: Crisis, Recovery, Hong Kong, Korea, recessions, asian crisis, recession, probability, probabilities, International Finance: Other
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countrie...
The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes »
Source: The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes
Volume/Issue: 2006/181
Series: IMF Working Papers
Author(s): Saeed Heravi , and Mick Silver
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
ISBN: 9781451864410
Keywords: Hedonic regressions, superlative indexes, equation, paper, statistics, equations, dummy variable, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data,
Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate si...
The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China: 1980-2002 »
Source: The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China : 1980-2002
Volume/Issue: 2003/67
Series: IMF Working Papers
Author(s): Zhongxia Jin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2003
ISBN: 9781451848922
Keywords: exchange rate, foreign exchange, real exchange rate, real interest rate, exchange reserves, Econometric Methods: - Multiple/Simultaneous Equation Models, Money and Interest Rates, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook
Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was established to explore the relationships among real interest rates, real exchange rates and balance of payments in C...
The Equilibrium Real Exchange Rate of the Malagasy Franc »
Source: The Equilibrium Real Exchange Rate of the Malagasy Franc : Estimation and Assessment
Volume/Issue: 2003/28
Series: IMF Working Papers
Author(s): John Cady
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2003
ISBN: 9781451844689
Keywords: real exchange rate, cointegration, exchange rate misalignment, exchange rate, equation, exchange rates, Open Economy Macroeconomics,
Employing cointegration techniques, the long-run determinants of Madagascar's real exchange rate are examined from a stock-flow perspective. The long-run behavior of the real effective exchange rate is explained by...
Euro Area Export Performance and Competitiveness »
Source: Euro Area Export Performance and Competitiveness
Volume/Issue: 2011/140
Series: IMF Working Papers
Author(s): Jarkko Turunen , Richard Harmsen , and Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
ISBN: 9781455265459
Keywords: Competitiveness, Trade equations, euro, export, reer, exchange rates, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Country and Industry Studies of Trade,
Concerns about export growth within the euro area peripheral countries due to a lack of competitiveness within the euro area are a key policy issue. Our analysis suggests that: (i) Long-term price elasticities for...
FEER for the CFA Franc »
Source: FEER for the CFA Franc
Volume/Issue: 2006/236
Series: IMF Working Papers
Author(s): Charalambos Tsangarides , and Yasser Abdih
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2006
ISBN: 9781451864960
Keywords: Equilibrium real exchange rate, FEER, cointegration, WAEMU, CEMAC, exchange rate, effective exchange rate, real exchange rate, Multiple or Simultaneous Equation Models: Time-Series Models, Forecasting and Other Model Applications
We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA...
The Forward Premium Puzzle Revisited »
Source: The Forward Premium Puzzle Revisited
Volume/Issue: 2002/28
Series: IMF Working Papers
Author(s): Guy Meredith , and Yue Ma
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2002
ISBN: 9781451844672
Keywords: forward premium puzzle, uncovered interest parity, exchange rate, equation, correlation, exchange rate changes, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation, Open Economy Macroeconomics,
The forward premium is a notoriously poor predictor of exchange rate movements. This failure must reflect deviations from risk neutrality and/or rational expectations. In addition, a mechanism is needed that genera...
Government Spending, Legislature Size, and the Executive Veto »
Source: Government Spending, Legislature Size, and the Executive Veto
Volume/Issue: 2001/208
Series: IMF Working Papers
Author(s): Reza Baqir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2001
ISBN: 9781451874709
Keywords: political institutions, executive veto, probability, statistics, equation, correlation, Analysis Of Collective Decision-making, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook
Recent work on the political economy of fiscal policy has asked how budgetary institutions affect fiscal outcomes. But what determines the budgetary institutions? In this paper I consider one such institution: the...