Volume/Issue: 2006/122
Series: IMF Working Papers
Author(s):
Turgut Kisinbay
,
Eric Parrado
,
Rodolfo Maino
, and
Jorge Canales Kriljenko
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
May
2006
DOI: http://dx.doi.org/10.5089/9781451863826.001
ISBN: 9781451863826
How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses elements for building a comprehensive platform for an inflation forecasting framework. It describes th...
Volume/Issue: 2009/179
Series: IMF Working Papers
Author(s):
Christian Mulder
,
Amadou Sy
,
Yinqiu Lu
, and
Udaibir Das
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2009
DOI: http://dx.doi.org/10.5089/9781451873269.001
ISBN: 9781451873269
This paper offers a policy and operational "roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to review their existi...
Volume/Issue: 2012/241
Series: IMF Working Papers
Author(s):
Udaibir Das
,
Yinqiu Lu
,
Michael Papaioannou
, and
Iva Petrova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
October
2012
DOI: http://dx.doi.org/10.5089/9781475511833.001
ISBN: 9781475511833
Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial ris...
Volume/Issue: 2008/84
Series: IMF Working Papers
Author(s):
Ales Bulir
, and
Katerina Smídková
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2008
DOI: http://dx.doi.org/10.5089/9781451869453.001
ISBN: 9781451869453
The Czech National Bank has a respectable track record in terms of its policy actions and the corresponding inflation outturns. Using a simple forward-looking policy rule, we find that its main communication tools-...
Volume/Issue: 2013/99
Series: IMF Working Papers
Author(s):
Aideen Morahan
, and
Christian Mulder
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
May
2013
DOI: http://dx.doi.org/10.5089/9781484308486.001
ISBN: 9781484308486
This paper reports in detail on a survey that was circulated to reserve managing central banks of IMF member countries in April 2012. The survey aims to gain further insight into how reserve managers have reacted t...
Volume/Issue: 1994/148
Series: IMF Working Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
December
1994
DOI: http://dx.doi.org/10.5089/9781451856774.001
ISBN: 9781451856774
In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls...
Volume/Issue: 1997/130
Series: IMF Working Papers
Author(s):
Miguel Savastano
,
Paul Masson
, and
Sunil Sharma
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
October
1997
DOI: http://dx.doi.org/10.5089/9781451855159.001
ISBN: 9781451855159
Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing co...
Volume/Issue: 2012/284
Series: IMF Working Papers
Author(s):
Serkan Arslanalp
, and
Takahiro Tsuda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
December
2012
DOI: http://dx.doi.org/10.5089/9781475596403.001
ISBN: 9781475596403
Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This paper proposes a methodology for compiling internation...
Volume/Issue: 2013/105
Series: IMF Working Papers
Author(s):
Michal Andrle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
10
May
2013
DOI: http://dx.doi.org/10.5089/9781484399552.001
ISBN: 9781484399552
This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions...
Volume/Issue: 2009/86
Series: IMF Working Papers
Author(s):
Charles Freedman
, and
Douglas Laxton
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2009
DOI: http://dx.doi.org/10.5089/9781451872330.001
ISBN: 9781451872330
This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, i...