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  • Keywords: Monetary Policy (Targets x
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Central Bank Financial Strength in Central America and the Dominican Republic

Central Bank Financial Strength in Central America and the Dominican Republic »

Source: Central Bank Financial Strength in Central America and the Dominican Republic

Volume/Issue: 2014/87

Series: IMF Working Papers

Author(s): Andrew Swiston , Florencia Frantischek , Przemek Gajdeczka , and Alexander Herman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2014

ISBN: 9781484387368

Keywords: central bank, inflation, monetary fund, monetary policy, Institutions and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects),

This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions...

Central Banking in Latin America

Central Banking in Latin America »

Source: Central Banking in Latin America : From the Gold Standard to the Golden Years

Volume/Issue: 2015/60

Series: IMF Working Papers

Author(s): Luis Jácome

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 March 2015

ISBN: 9781484303184

Keywords: banks, bank, capital, Monetary Policy (Targets, Instruments, and Effects),

This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods...

China’s Monetary Policy and Interest Rate Liberalization

China’s Monetary Policy and Interest Rate Liberalization »

Source: China's Monetary Policy and Interest Rate Liberalization : Lessons from International Experiences

Volume/Issue: 2014/75

Series: IMF Working Papers

Author(s): Wei Liao , and Sampawende Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2014

ISBN: 9781484366295

Keywords: Financial Liberalization, Financial Innovation, Money Demand Function, financial reforms, financial market, money demand, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects)

China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of prog...

China's Monetary Policy Communication: Frameworks, Impact, and Recommendations

China's Monetary Policy Communication: Frameworks, Impact, and Recommendations »

Source: China's Monetary Policy Communication: Frameworks, Impact, and Recommendations

Volume/Issue: 2018/244

Series: IMF Working Papers

Author(s): Michael McMahon , Alfred Schipke , and Xiang Li

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 2018

ISBN: 9781484385647

Keywords: Financial markets, Central banks and their policies, Asia and Pacific, Monetary policy, People’;s Bank of China, Communication, Central Bank, Monetary Policy Transmission, People&;amp;#x2019;s Bank of China, Monetary Policy (Targets

Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of effective monetary policy communication will only increase as China continues to liberalize its...

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies »

Source: Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Volume/Issue: 2014/33

Series: IMF Working Papers

Author(s): Juan Pablo Medina Guzman , and Claudio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2014

ISBN: 9781484306390

Keywords: imperfect credibility, inflation, central bank, monetary policy transparency, monetary authority, Monetary Policy (Targets, Instruments, and Effects), General,

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We...

Corporate Tax Reform: From Income to Cash Flow Taxes

Corporate Tax Reform: From Income to Cash Flow Taxes »

Source: Corporate Tax Reform: From Income to Cash Flow Taxes

Volume/Issue: 2019/13

Series: IMF Working Papers

Author(s): Benjamin Carton , Emilio Fernández Corugedo , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2019

ISBN: 9781484390085

Keywords: tax policy; business taxation, corporate leverage, dynamic stochastic general equilibrium models; macroeconomic interdependence, tax policy, business taxation, dynamic stochastic general equilibrium models, macroeconomic interdependence, Forecasting and Simulation, Monetary Policy (Targets, Instruments

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key ch...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Source: Cost-Benefit Analysis of Leaning Against the Wind

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions

Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions »

Source: Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions

Volume/Issue: 2018/103

Series: IMF Working Papers

Author(s): Patrick Blagrave , Giang Ho , Ksenia Koloskova , and Esteban Vesperoni

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

ISBN: 9781484353530

Keywords: Fiscal policy, Monetary policy, Fiscal policy; monetary policy; effective lower bound; international spillovers, effective lower bound, international spillovers, Models with Panel Data, Monetary Policy (Targets, Instruments, and Effects), General

Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected positive spillo...

Das Public Kapital

Das Public Kapital »

Source: Das Public Kapital : How Much Would Higher German Public Investment Help Germany and the Euro Area?

Volume/Issue: 2014/227

Series: IMF Working Papers

Author(s): Selim Elekdag , and Dirk Muir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2014

ISBN: 9781498329934

Keywords: monetary policy accommodation, time-to-build delays, fiscal stimulus, public capital, Monetary Policy (Targets, Instruments, and Effects), Open Economy Macroeconomics, International Policy Coordination and Transmission,

Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but woul...

Deciding to Enter a Monetary Union

Deciding to Enter a Monetary Union »

Source: Deciding to Enter a Monetary Union : TheRole of Trade and Financial Linkages

Volume/Issue: 2012/240

Series: IMF Working Papers

Author(s): Ruy Lama , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2012

ISBN: 9781475511437

Keywords: Trade Costs, DSGE Model, Monetary Union, intermediate goods, elasticity of substitution, nominal interest rate, Monetary Union., Monetary Policy (Targets, Instruments, and Effects)

This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the...