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Can Domestic Policies Influence Inflation?

Can Domestic Policies Influence Inflation? »

Source: 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

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...

Disinflation in Spain

Disinflation in Spain »

Source: Disinflation in Spain : The Recent Experience

Volume/Issue: 1998/106

Series: IMF Working Papers

Author(s): Nicolas Sobczak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451852868

Keywords: inflation, relative price, fall in inflation, monetary policy, real wages

This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemplo...

Does Inflation Targeting Matter?

Does Inflation Targeting Matter? »

Source: Does Inflation Targeting Matter?

Volume/Issue: 2003/129

Series: IMF Working Papers

Author(s): Niamh Sheridan , and Laurence Ball

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2003

ISBN: 9781451855135

Keywords: Inflation Targeting Regime, inflation, inflation targeting, average inflation, inflation-targeting, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data), Inflation Targeting Regimes,

This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the e...

The Domestic and Foreign Price Gaps in the P-STAR Model

The Domestic and Foreign Price Gaps in the P-STAR Model »

Source: 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

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 Drivers of Housing Cycles in Spain1

The Drivers of Housing Cycles in Spain1 »

Source: The Drivers of Housing Cycles in Spain

Volume/Issue: 2009/203

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873504

Keywords: inflation, monetary shocks, price level, monetary economics, Financial Markets and the Macroeconomy, Open Economy Macroeconomics, Financial Constraints,

Since Spain joined the EMU, two main important factors behind the housing boom appear to be the decrease of nominal interest rates and demographic factors. In this paper we estimate a New Keynesian model of a curre...

The Effects of Housing Prices and Monetary Policy in a Currency Union1

The Effects of Housing Prices and Monetary Policy in a Currency Union1 »

Source: The Effects of Housing Prices and Monetary Policy in a Currency Union

Volume/Issue: 2011/6

Series: IMF Working Papers

Author(s): Pau Rabanal , and Oriol Aspachs-Bracons

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

ISBN: 9781455211845

Keywords: Financial Constraints, inflation, monetary economics, central bank, price level, Financial Markets and the Macroeconomy, Open Economy Macroeconomics,

The recent boom-and-bust cycle in housing prices has refreshed the debate on the drivers of housing cycles as well as the appropriate policy response. We analyze the case of Spain, where housing prices have soared...

Euro Area Policies: Staff Report for the 2014 Article IV Consultation With Member Countries

Euro Area Policies: Staff Report for the 2014 Article IV Consultation With Member Countries »

Source: Euro Area Policies : Staff Report for the 2014 Article IV Consultation With Member Countries

Volume/Issue: 2014/198

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2014

ISBN: 9781498342865

Keywords: unemployment, youth unemployment, low inflation

This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary p...

Exchange Rate Pass-Through in Spain

Exchange Rate Pass-Through in Spain »

Source: Exchange Rate Pass-Through in Spain

Volume/Issue: 1996/114

Series: IMF Working Papers

Author(s): Zuzana Murgasova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1996

ISBN: 9781451943412

Keywords: import prices, export prices, aggregate demand, unemployment rate

This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish peseta, which took place during the 1992-93 Exchange Rate Mechanism (ERM) crisis. The long-run eq...

Exchange Rate Policy in Developing Countries
			: Some Analytical Issues

Exchange Rate Policy in Developing Countries : Some Analytical Issues »

Series: Occasional Papers

Author(s): Peter Montiel , Bijan Aghevli , and Mohsin Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1991

DOI: http://dx.doi.org/10.5089/9781557752093.084

ISBN: 9781557752093

Keywords: Developing countries, Exchange rate regimes, exchange rate, real exchange rate, inflation, fixed exchange rate, exchange rates

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness....

Back Matter

Back Matter »

Source: Exchange Rate Policy in Developing Countries : Some Analytical Issues

Series: Occasional Papers

Author(s): Peter Montiel , Bijan Aghevli , and Mohsin Khan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 1991

ISBN: 9781557752093

Keywords: Developing countries, Exchange rate regimes, exchange rate, real exchange rate, inflation, fixed exchange rate, exchange rates

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness....