Browse

You are looking at 1 - 10 of 12 items :

  • Keywords: Monetary Policy (Targets x
Clear All
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...

A New Methodology for Estimating the Output Gap in the United States

A New Methodology for Estimating the Output Gap in the United States »

Volume/Issue: 2015/144

Series: IMF Working Papers

Author(s): Ali Alichi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2015

DOI: http://dx.doi.org/10.5089/9781513507569.001

ISBN: 9781513507569

Keywords: Macroeconomic Modeling, Output Gap, output, inflation, unemployment rate, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),

The gap between potential and actual output-the output gap-is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S...

A Simple Multivariate Filter for Estimating Potential Output

A Simple Multivariate Filter for Estimating Potential Output »

Volume/Issue: 2015/79

Series: IMF Working Papers

Author(s): Patrick Blagrave , Roberto Garcia-Saltos , Douglas Laxton , and Fan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2015

DOI: http://dx.doi.org/10.5089/9781475565133.001

ISBN: 9781475565133

Keywords: Macroeconomic Modeling, output, economy, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),

Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and o...

Cost-Benefit Analysis of Leaning Against the Wind

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

DOI: http://dx.doi.org/10.5089/9781498314787.001

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...

Leaning Against the Wind and the Timing of Monetary Policy

Leaning Against the Wind and the Timing of Monetary Policy »

Volume/Issue: 2013/86

Series: IMF Working Papers

Author(s): Itai Agur , and Maria Demertzis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2013

DOI: http://dx.doi.org/10.5089/9781484378380.001

ISBN: 9781484378380

Keywords: bank risk, regulation, monetary authority, central bank, banking, Monetary Policy (Targets, Instruments, and Effects),

If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make monetary polic...

Monetary Policy Coordination and the Role of Central Banks

Monetary Policy Coordination and the Role of Central Banks »

Volume/Issue: 2014/70

Series: IMF Working Papers

Author(s): Rakesh Mohan , and Muneesh Kapur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

DOI: http://dx.doi.org/10.5089/9781484362518.001

ISBN: 9781484362518

Keywords: coordination, unconventional monetary policy, monetary policies, monetary fund, central bank, Monetary Policy (Targets, Instruments, and Effects), International Monetary Arrangements and Institutions, International Policy Coordination and Transmission,

The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE...

Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability?

Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability? »

Volume/Issue: 2015/283

Series: IMF Working Papers

Author(s): Itai Agur , and Maria Demertzis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 2015

DOI: http://dx.doi.org/10.5089/9781513545332.001

ISBN: 9781513545332

Keywords: Macroprudential, Supervision, Transmission, bank, risk, banks, financial stability, interest, Monetary Policy (Targets, Instruments

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses...

Leaning Against the Wind and the Timing of Monetary Policy1

Leaning Against the Wind and the Timing of Monetary Policy1 »

Source: Leaning Against the Wind and the Timing of Monetary Policy

Volume/Issue: 2013/86

Series: IMF Working Papers

Author(s): Itai Agur , and Maria Demertzis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2013

ISBN: 9781484378380

Keywords: bank risk, regulation, monetary authority, central bank, banking, Monetary Policy (Targets, Instruments, and Effects),

If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make monetary polic...

Monetary Policy Coordination and the Role of Central Banks1

Monetary Policy Coordination and the Role of Central Banks1 »

Source: Monetary Policy Coordination and the Role of Central Banks

Volume/Issue: 2014/70

Series: IMF Working Papers

Author(s): Rakesh Mohan , and Muneesh Kapur

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2014

ISBN: 9781484362518

Keywords: coordination, unconventional monetary policy, monetary policies, monetary fund, central bank, Monetary Policy (Targets, Instruments, and Effects), International Monetary Arrangements and Institutions, International Policy Coordination and Transmission,

The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE...

A New Methodology for Estimating the Output Gap in the United States

A New Methodology for Estimating the Output Gap in the United States »

Source: A New Methodology for Estimating the Output Gap in the United States

Volume/Issue: 2015/144

Series: IMF Working Papers

Author(s): Ali Alichi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 2015

ISBN: 9781513507569

Keywords: Macroeconomic Modeling, Output Gap, output, inflation, unemployment rate, Model Construction and Estimation, Monetary Policy (Targets, Instruments, and Effects),

The gap between potential and actual output-the output gap-is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S...