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Spain
			: Landmarks in Economic Development, 1939-92

Spain : Landmarks in Economic Development, 1939-92 »

Volume/Issue: 1992/78

Series: IMF Working Papers

Author(s): Erich Spitäller , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1992

DOI: http://dx.doi.org/10.5089/9781451850048.001

ISBN: 9781451850048

Keywords: inflation, balance of payments, monetary fund, central bank, monetary policy

Recent success of the Spanish economy is frequently attributed to the benefits from economic integration into the European Community, which Spain joined in 1986. By contrast, this paper takes the view that, to a la...

The Domestic and Foreign Price Gaps in the P-STAR Model
			: Evidence from Spain

The Domestic and Foreign Price Gaps in the P-STAR Model : Evidence from Spain »

Volume/Issue: 1998/64

Series: IMF Working Papers

Author(s): Alicia García-Herrero , and Manoj Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

DOI: http://dx.doi.org/10.5089/9781451848533.001

ISBN: 9781451848533

Keywords: monetary policy, price level, monetary fund, money stock

The paper uses the P-STAR model to analyze Spanish prices from 1970 to 1996, adding the foreign price gap to the standard domestic definition of the P-STAR model (the domestic price gap) to assess the role German p...

The Transmission Mechanism of European Monetary Policy
			: Is There Heterogeneity? Is it Changing over Time?

The Transmission Mechanism of European Monetary Policy : Is There Heterogeneity? Is it Changing over Time? »

Volume/Issue: 2002/54

Series: IMF Working Papers

Author(s): Matteo Ciccarelli , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

DOI: http://dx.doi.org/10.5089/9781451847529.001

ISBN: 9781451847529

Keywords: Bayesian estimation, European monetary policy, Gibbs sampling, Heterogeneity, Transmission mechanism, inflation, central bank, monetary transmission, Multiple or Simultaneous Equation Models: Models with Panel Data, Bayesian Analysis

This paper investigates the transmission mechanism of monetary policy in the four largest euro area countries by means Bayesian estimation of dynamic econometric models. Based on pre-EMU evidence from Germany, Fran...

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies »

Volume/Issue: 2016/62

Series: IMF Working Papers

Author(s): Anna Bordon , Christian Ebeke , and Kazuko Shirono

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2016

DOI: http://dx.doi.org/10.5089/9781513589923.001

ISBN: 9781513589923

Keywords: Structural reforms, employment, monetary policy, fiscal policy, product market, labor market, labor, employment rate, General, All Countries,

Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which th...

Can Domestic Policies Influence Inflation?

Can Domestic Policies Influence Inflation? »

Volume/Issue: 2007/257

Series: IMF Working Papers

Author(s): Ashoka Mody , and Franziska Ohnsorge

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2007

DOI: http://dx.doi.org/10.5089/9781451868203.001

ISBN: 9781451868203

Keywords: Price convergence, Maastricht criterion, Euro adoption, monetary policy, price level, inflation rates, inflation rate,

Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic authorities to influence the pace of inflation. First, as markets are integrated, the common, c...

Implications of a Surge in Capital Inflows

Implications of a Surge in Capital Inflows »

Source: Implications of a Surge in Capital Inflows : Available tools and Consequences for the Conduct of Monetary Policy

Volume/Issue: 1996/53

Series: IMF Working Papers

Author(s): Jang-Yung Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1996

ISBN: 9781451847345

Keywords: capital inflows, central bank, capital flows, monetary policy, reserve requirement

This paper seeks to extend discussion of monetary policy instruments to the situation of a country faced with major capital inflows when the process of domestic financial liberalization is incomplete. It briefly su...

Inflation Targeting and Country Risk

Inflation Targeting and Country Risk »

Source: Inflation Targeting and Country Risk : An Empirical Investigation

Volume/Issue: 2013/21

Series: IMF Working Papers

Author(s): Armand Fouejieu , and Scott Roger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2013

ISBN: 9781475554717

Keywords: inflation, monetary policy, inflation rate, effect of inflation, International Lending and Debt Problems,

The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries' fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is...

Introduction

Introduction »

Source: La conditionnanté au Fonds monétaire international : Evolution des principes et des pratiques

Series: Pamphlet Series

Author(s): Manuel Guitián

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1981

Language: French

ISBN: 9781451964264

Keywords: balance of payments, monetary fund, aggregate demand, inflation, adjustment process, world economy, monetary policy, monetary theory, monetary approach, price stability

Le Fonds monétaire international a été créé pour favoriser la coopération économique et financière parmi ses pays membres, dans le but de faciliter l’expansion et l’accroissement ha...

Kingdom of the Netherlands-Netherlands

Kingdom of the Netherlands-Netherlands »

Source: Kingdom of the Netherlands-Netherlands : Selected Issues-Cyclically Advanced Euro-Area Economies: Consequences and Policy Options

Volume/Issue: 2001/95

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2001

ISBN: 9781451829433

Keywords: inflation, monetary policy, aggregate demand, monetary union

Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countri...

La conditionnalité: quelques considérations

La conditionnalité: quelques considérations »

Source: La conditionnanté au Fonds monétaire international : Evolution des principes et des pratiques

Series: Pamphlet Series

Author(s): Manuel Guitián

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1981

Language: French

ISBN: 9781451964264

Keywords: balance of payments, monetary fund, aggregate demand, inflation, adjustment process, world economy, monetary policy, monetary theory, monetary approach, price stability

Le Fonds évalue régulièrement, à la fois cas par cas et de manière générale, les programmes d’ajustement financés à l’aide de ses ressources. Les directives sur la conditionnalité que le Conseil d’administra...