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Monetary Frameworks

Monetary Frameworks »

Source: Monetary Frameworks : Is There a Preferred Option for the European Central Bank?

Volume/Issue: 1997/6

Series: IMF Policy Discussion Papers

Author(s): Ramana Ramaswamy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

ISBN: 9781451972030

Keywords: European Central Bank, Monetary policy, Inflation, EMU, Inflation targeting, Monetary targeting, monetary union

This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. The main conjecture is that the European Central Bank ought to target inflation if monetary unio...

Monetary Transmission and Financial Indexation

Monetary Transmission and Financial Indexation »

Source: Monetary Transmission and Financial Indexation : Evidence from the Chilean Economy

Volume/Issue: 1994/17

Series: IMF Policy Discussion Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1994

ISBN: 9781451965407

Keywords: Turkey, inflation, monetary policy, real interest rates, money growth, real interest rate

This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy imp...

Real Wage Adjustment in the Former Soviet Union

Real Wage Adjustment in the Former Soviet Union »

Source: Real Wage Adjustment in the Former Soviet Union

Volume/Issue: 1993/11

Series: IMF Policy Discussion Papers

Author(s): Louis Dicks-Mireaux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1993

ISBN: 9781451969603

Keywords: wages, wage, real wages, wage adjustment, inflation, Real Wage Adjustment,

Since 1991, the economies of the former Soviet Union have experienced sizeable shocks that have pushed equilibrium real wages far from pre-transition levels. This paper sets out a framework in which to assess the d...

Russia and the IMF

Russia and the IMF »

Source: Russia and the IMF : The Political Economy of Macro-Stabilization

Volume/Issue: 1994/20

Series: IMF Policy Discussion Papers

Author(s): Ernesto Hernández-Catá

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1994

ISBN: 9781451963939

Keywords: inflation, monetary policy, central bank, monetary financing, monetary fund, European II Department,

This paper reviews the experience with macroeconomic stabilization in Russia during the 2 1/2 years following the beginning of reforms in January 1992. It focuses on the different perceptions about the nature, the...