Volume/Issue: 2021/016
Series: Policy Papers
Author(s):
International Monetary Fund. Finance Dept.;International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
05
March
2021
DOI: http://dx.doi.org/10.5089/9781513571492.007
ISBN: 9781513571492
This paper presents the annual update of the quota database and extends the database by one year through 2018. The paper provides an overview of the data and of the methodology and covers the quota formula variable...
Volume/Issue: 2021/016
Series: Policy Papers
Author(s):
International Monetary Fund. Finance Dept.;International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
05
March
2021
ISBN: 9781513571492
This paper presents the annual update of the quota database and extends the database by one year through 2018. The paper provides an overview of the data and of the methodology and covers the quota formula variable...
Volume/Issue: 2020/59
Series: IMF Working Papers
Author(s):
Enrica Detragiache
,
Christian Ebeke
,
La-Bhus Fah Jirasavetakul
,
Koralai Kirabaeva
,
Davide Malacrino
,
Florian Misch
,
Hyun Woo Park
, and
Yu Shi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2020
ISBN: 9781513545073
A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW...
Volume/Issue: 2020/59
Series: IMF Working Papers
Author(s):
Enrica Detragiache
,
Christian Ebeke
,
La-Bhus Fah Jirasavetakul
,
Koralai Kirabaeva
,
Davide Malacrino
,
Florian Misch
,
Hyun Woo Park
, and
Yu Shi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2020
DOI: http://dx.doi.org/10.5089/9781513545073.001
ISBN: 9781513545073
A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW...
Volume/Issue: 2020/25
Series: IMF Working Papers
Author(s):
JaeBin Ahn
,
Romain Duval
, and
Can Sever
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
February
2020
DOI: http://dx.doi.org/10.5089/9781513528571.001
ISBN: 9781513528571
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being n...
Volume/Issue: 2020/25
Series: IMF Working Papers
Author(s):
JaeBin Ahn
,
Romain Duval
, and
Can Sever
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
February
2020
ISBN: 9781513528571
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being n...
Volume/Issue: 2020/4
Series: IMF Working Papers
Author(s):
Ales Bulir
, and
Jan Vlcek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
January
2020
DOI: http://dx.doi.org/10.5089/9781513522012.001
ISBN: 9781513522012
Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve m...
Volume/Issue: 2020/4
Series: IMF Working Papers
Author(s):
Ales Bulir
, and
Jan Vlcek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
January
2020
ISBN: 9781513522012
Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve m...
Volume/Issue: 2019/299
Series: IMF Working Papers
Author(s):
Agustin Benetrix
,
Deepali Gautam
,
Luciana Juvenal
, and
Martin Schmitz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
December
2019
ISBN: 9781513522869
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporatin...
Volume/Issue: 2019/300
Series: IMF Working Papers
Author(s):
Gustavo Adler
,
Sergii Meleshchuk
, and
Carolina Osorio Buitron
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
December
2019
ISBN: 9781513521985
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater...
Volume/Issue: 2019/299
Series: IMF Working Papers
Author(s):
Agustin Benetrix
,
Deepali Gautam
,
Luciana Juvenal
, and
Martin Schmitz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
December
2019
DOI: http://dx.doi.org/10.5089/9781513522869.001
ISBN: 9781513522869
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporatin...
Volume/Issue: 2019/300
Series: IMF Working Papers
Author(s):
Gustavo Adler
,
Sergii Meleshchuk
, and
Carolina Osorio Buitron
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
December
2019
DOI: http://dx.doi.org/10.5089/9781513521985.001
ISBN: 9781513521985
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater...
Volume/Issue: 2019/168
Series: IMF Working Papers
Author(s):
Minsuk Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
August
2019
ISBN: 9781513508979
This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portf...
Volume/Issue: 2019/168
Series: IMF Working Papers
Author(s):
Minsuk Kim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
August
2019
DOI: http://dx.doi.org/10.5089/9781513508979.001
ISBN: 9781513508979
This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portf...
Volume/Issue: 2019/150
Series: IMF Working Papers
Author(s):
Sangyup Choi
,
Davide Furceri
, and
Chansik Yoon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
July
2019
DOI: http://dx.doi.org/10.5089/9781484389690.001
ISBN: 9781484389690
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S....
Volume/Issue: 2019/150
Series: IMF Working Papers
Author(s):
Sangyup Choi
,
Davide Furceri
, and
Chansik Yoon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
July
2019
ISBN: 9781484389690
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S....
Volume/Issue: 2019/130
Series: IMF Working Papers
Author(s):
Agustin Velasquez
, and
Svetlana Vtyurina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
June
2019
ISBN: 9781498315708
Hours worked vary widely across countries and over time. In this paper, we investigate the role played by taxation in explaining these differences for EU New Member States. By extending a standard growth model with...
Volume/Issue: 2019/130
Series: IMF Working Papers
Author(s):
Agustin Velasquez
, and
Svetlana Vtyurina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
June
2019
DOI: http://dx.doi.org/10.5089/9781498315708.001
ISBN: 9781498315708
Hours worked vary widely across countries and over time. In this paper, we investigate the role played by taxation in explaining these differences for EU New Member States. By extending a standard growth model with...
Volume/Issue: 2019/161
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
ISBN: 9781498319423
This Selected Issues paper investigates the direct and indirect exposure of the Czech Republic to these external risks. The Czech Republic is a small open economy that has become increasingly reliant on export-driv...
Volume/Issue: 2019/160
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
ISBN: 9781498319355
The economy is doing well, but supply constraints are biting. Growth has slowed as the economy has reached capacity limits, with very low unemployment even as participation has increased. Recent wage increases have...
Volume/Issue: 2019/160
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
ISBN: 9781498319355
The economy is doing well, but supply constraints are biting. Growth has slowed as the economy has reached capacity limits, with very low unemployment even as participation has increased. Recent wage increases have...
Volume/Issue: 2019/160
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
ISBN: 9781498319355
The economy is doing well, but supply constraints are biting. Growth has slowed as the economy has reached capacity limits, with very low unemployment even as participation has increased. Recent wage increases have...
Volume/Issue: 2019/160
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
DOI: http://dx.doi.org/10.5089/9781498319355.002
ISBN: 9781498319355
The economy is doing well, but supply constraints are biting. Growth has slowed as the economy has reached capacity limits, with very low unemployment even as participation has increased. Recent wage increases have...
Volume/Issue: 2019/161
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2019
DOI: http://dx.doi.org/10.5089/9781498319423.002
ISBN: 9781498319423
This Selected Issues paper investigates the direct and indirect exposure of the Czech Republic to these external risks. The Czech Republic is a small open economy that has become increasingly reliant on export-driv...
Volume/Issue: 2019/59
Series: IMF Working Papers
Author(s):
Michal Andrle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
18
March
2019
ISBN: 9781498302814
In this paper we provide tools for assessing the house prices and housing valuation. We
develop two approaches: (i) borrowing capacity approach, and (ii) intrinsic value approach.
The borrowing capacity of househol...
Volume/Issue: 2019/59
Series: IMF Working Papers
Author(s):
Michal Andrle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
18
March
2019
DOI: http://dx.doi.org/10.5089/9781498302814.001
ISBN: 9781498302814
In this paper we provide tools for assessing the house prices and housing valuation. We
develop two approaches: (i) borrowing capacity approach, and (ii) intrinsic value approach.
The borrowing capacity of househol...
Volume/Issue: 2019/51
Series: IMF Working Papers
Author(s):
David Coady
,
Devin D'Angelo
, and
Brooks Evans
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
March
2019
ISBN: 9781484398081
Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This
paper embeds the discussion of fiscal redistribution within the standard social welfare
framework, which lends itself...
Volume/Issue: 2019/51
Series: IMF Working Papers
Author(s):
David Coady
,
Devin D'Angelo
, and
Brooks Evans
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
March
2019
DOI: http://dx.doi.org/10.5089/9781484398081.001
ISBN: 9781484398081
Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This
paper embeds the discussion of fiscal redistribution within the standard social welfare
framework, which lends itself...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
DOI: http://dx.doi.org/10.5089/9781484375402.086
ISBN: 9781484375402
Economic activity continued to expand
in the first half of 2018, albeit at a slower-than-expected pace, mainly in
advanced Europe. Domestic demand, supported by stronger employment and wages,
remains the main engin...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Economic activity continued to expand
in the first half of 2018, albeit at a slower-than-expected pace, mainly in
advanced Europe. Domestic demand, supported by stronger employment and wages,
remains the main engin...
Volume/Issue: 2018/210
Series: IMF Working Papers
Author(s):
Rania Al-Mashat
,
Ales Bulir
,
N. Nergiz Dinçer
,
Tibor Hlédik
,
Tomás Holub
,
Asya Kostanyan
,
Douglas Laxton
,
Armen Nurbekyan
,
Rafael Portillo
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2018
DOI: http://dx.doi.org/10.5089/9781484374832.001
ISBN: 9781484374832
This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-ta...
Volume/Issue: 2018/210
Series: IMF Working Papers
Author(s):
Rania Al-Mashat
,
Ales Bulir
,
N. Nergiz Dinçer
,
Tibor Hlédik
,
Tomás Holub
,
Asya Kostanyan
,
Douglas Laxton
,
Armen Nurbekyan
,
Rafael Portillo
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
September
2018
ISBN: 9781484374832
This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-ta...
Volume/Issue: 2018/188
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363751
This Selected Issues paper examines the state of labor supply in the Czech Republic. The Czech working age population is projected to decline. This has important implications for labor supply and long-term growth....
Volume/Issue: 2018/188
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363751
This Selected Issues paper examines the state of labor supply in the Czech Republic. The Czech working age population is projected to decline. This has important implications for labor supply and long-term growth....
Volume/Issue: 2018/187
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363669
This 2018 Article IV Consultation highlights that Czech Republic's growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fel...
Volume/Issue: 2018/187
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363669
This 2018 Article IV Consultation highlights that Czech Republic's growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fel...
Volume/Issue: 2018/187
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363669
This 2018 Article IV Consultation highlights that Czech Republic's growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fel...
Volume/Issue: 2018/187
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
DOI: http://dx.doi.org/10.5089/9781484363669.002
ISBN: 9781484363669
This 2018 Article IV Consultation highlights that Czech Republic's growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fel...
Volume/Issue: 2018/188
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
DOI: http://dx.doi.org/10.5089/9781484363751.002
ISBN: 9781484363751
This Selected Issues paper examines the state of labor supply in the Czech Republic. The Czech working age population is projected to decline. This has important implications for labor supply and long-term growth....
Volume/Issue: 2018/187
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2018
ISBN: 9781484363669
This 2018 Article IV Consultation highlights that Czech Republic's growth has been strong, broad-based and job rich. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fel...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
DOI: http://dx.doi.org/10.5089/9781484325940.071
ISBN: 9781484325940
Inflation-forecast
targeting is state of the art for monetary policy. This book explores first
principles, including managing short-term policy trade-offs. The book also...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Inflation-forecast
targeting is state of the art for monetary policy. This book explores first
principles, including managing short-term policy trade-offs. The book also...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Inflation-forecast
targeting is state of the art for monetary policy. This book explores first
principles, including managing short-term policy trade-offs. The book also...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Even if it is now all too evident that the stabilization of inflation and inflation expectations does not by itself guarantee that macroeconomic i...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
In 1990, the Reserve Bank of New Zealand became the first central bank to announce an inflation target, followed a year later by the Bank of Canada. This was a significant step towa...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the na...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
The Czech experience with inflation targeting thus illustrates that the ultimate purpose of inflation targeting is not to announce inflation targe...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Financial conditions are important. They matter enormously to monetary policy because their movements can often diverge from the trajectory of sho...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Inflation targeting implies inflation-forecast targeting. —L. E. O. Svensson (1997)
In...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
The nominal anchor should be communicated without ambiguity, so as to ensure a monetary policy regime shift away from the current approach to one...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
The farmers care a lot more about the rain than they do about interest rates. But the central bank has a lot more influence over the interest rate...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
For not only do expectations about policy matter, but, at least under current conditions, very little else matters. —M. Woodford (2005)...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Monetary operations that stabilize and align short-term market rates with the policy rate reduce liquidity risks, assisting banks with their liquidity management and...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Monetary policy faces significant limitations as a tool to promote financial stability . . . [However,] it may be appropriate to adjust monetary p...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
Inflation-forecast targeting involves using a wide range of information in order to obtain the best forecasts for inflation and the economy. The s...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
There are two key factors behind the move to increased transparency on the part of central banks. The first is the relationship between transparen...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
The FOMC is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate lo...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
...
Series: Books
Author(s):
Tobias Adrian
,
Douglas Laxton
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
April
2018
ISBN: 9781484325940
...
Volume/Issue: 2018/3
Series: Departmental Papers / Policy Papers
Author(s):
Helge Berger
,
Giovanni Dell'Ariccia
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
February
2018
DOI: http://dx.doi.org/10.5089/9781484340424.087
ISBN: 9781484340424
The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...
Volume/Issue: 2018/3
Series: Departmental Papers / Policy Papers
Author(s):
Helge Berger
,
Giovanni Dell'Ariccia
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
February
2018
ISBN: 9781484340424
The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...
Volume/Issue: 2017/206
Series: IMF Working Papers
Author(s):
Francesca Caselli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2017
ISBN: 9781484319291
To fight deflationary pressures at the zero lower bound, in November 2013, the Czech National Bank (CNB) introduced a one-sided floor on the exchange rate, as an additional monetary policy instrument. This paper in...
Volume/Issue: 2017/206
Series: IMF Working Papers
Author(s):
Francesca Caselli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2017
DOI: http://dx.doi.org/10.5089/9781484319291.001
ISBN: 9781484319291
To fight deflationary pressures at the zero lower bound, in November 2013, the Czech National Bank (CNB) introduced a one-sided floor on the exchange rate, as an additional monetary policy instrument. This paper in...
Volume/Issue: 2017/169
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
ISBN: 9781484305263
This Selected Issues paper analyzes the Czech Republic's monetary policy after removal of the exchange rate floor. The koruna-euro exchange rate floor, which had been in place for more than three years, was elimina...
Volume/Issue: 2017/168
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
ISBN: 9781484305256
This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...
Volume/Issue: 2017/168
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
ISBN: 9781484305256
This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...
Volume/Issue: 2017/168
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
ISBN: 9781484305256
This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...
Volume/Issue: 2017/168
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
DOI: http://dx.doi.org/10.5089/9781484305256.002
ISBN: 9781484305256
This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...
Volume/Issue: 2017/169
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
DOI: http://dx.doi.org/10.5089/9781484305263.002
ISBN: 9781484305263
This Selected Issues paper analyzes the Czech Republic's monetary policy after removal of the exchange rate floor. The koruna-euro exchange rate floor, which had been in place for more than three years, was elimina...
Volume/Issue: 2017/168
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
26
June
2017
ISBN: 9781484305256
This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...
Volume/Issue: 2017/21
Series: IMF Working Papers
Author(s):
Kevin Clinton
,
Tibor Hlédik
,
Tomás Holub
,
Douglas Laxton
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572971
This paper describes the CNB's experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The...
Volume/Issue: 2017/21
Series: IMF Working Papers
Author(s):
Kevin Clinton
,
Tibor Hlédik
,
Tomás Holub
,
Douglas Laxton
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
DOI: http://dx.doi.org/10.5089/9781475572971.001
ISBN: 9781475572971
This paper describes the CNB's experience implementing an inflation-forecast targeting (IFT) regime, and the building of a system for providing the economic information that policymakers need to implement IFT. The...
Volume/Issue: 2016/213
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
July
2016
ISBN: 9781475568011
This paper provides a technical report on the work of the Banking Supervision Department of the Bank of Israel. Banking supervision in Israel follows a very rigorous and comprehensive approach. Supervisory practice...
Volume/Issue: 2016/213
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
July
2016
ISBN: 9781475568011
This paper provides a technical report on the work of the Banking Supervision Department of the Bank of Israel. Banking supervision in Israel follows a very rigorous and comprehensive approach. Supervisory practice...
Volume/Issue: 2016/213
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
July
2016
ISBN: 9781475568011
This paper provides a technical report on the work of the Banking Supervision Department of the Bank of Israel. Banking supervision in Israel follows a very rigorous and comprehensive approach. Supervisory practice...
Volume/Issue: 2016/213
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
July
2016
DOI: http://dx.doi.org/10.5089/9781475568011.002
ISBN: 9781475568011
This paper provides a technical report on the work of the Banking Supervision Department of the Bank of Israel. Banking supervision in Israel follows a very rigorous and comprehensive approach. Supervisory practice...
Volume/Issue: 2016/213
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
July
2016
ISBN: 9781475568011
This paper provides a technical report on the work of the Banking Supervision Department of the Bank of Israel. Banking supervision in Israel follows a very rigorous and comprehensive approach. Supervisory practice...
Volume/Issue: 2015/069
Series: Policy Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781498344050
This background paper focuses on the experiences of evolving monetary policy frameworks in nine individual countries and three thematic groupings of countries. The country case studies are complemented by analyses...
Volume/Issue: 2015/069
Series: Policy Papers
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
DOI: http://dx.doi.org/10.5089/9781498344050.007
ISBN: 9781498344050
This background paper focuses on the experiences of evolving monetary policy frameworks in nine individual countries and three thematic groupings of countries. The country case studies are complemented by analyses...
Volume/Issue: 2015/198
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
July
2015
ISBN: 9781513583655
The economy is growing strongly on account of improving domestic demand and robust exports. Fiscal policy has been supportive of the recovery and the authorities' medium-term fiscal objective is appropriate, but fi...
Volume/Issue: 2015/198
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
July
2015
ISBN: 9781513583655
The economy is growing strongly on account of improving domestic demand and robust exports. Fiscal policy has been supportive of the recovery and the authorities' medium-term fiscal objective is appropriate, but fi...
Volume/Issue: 2015/198
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
July
2015
ISBN: 9781513583655
The economy is growing strongly on account of improving domestic demand and robust exports. Fiscal policy has been supportive of the recovery and the authorities' medium-term fiscal objective is appropriate, but fi...
Volume/Issue: 2015/198
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
23
July
2015
DOI: http://dx.doi.org/10.5089/9781513583655.002
ISBN: 9781513583655
The economy is growing strongly on account of improving domestic demand and robust exports. Fiscal policy has been supportive of the recovery and the authorities' medium-term fiscal objective is appropriate, but fi...
Volume/Issue: 2015/184
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
14
July
2015
ISBN: 9781513525464
This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estim...
Volume/Issue: 2015/184
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
14
July
2015
DOI: http://dx.doi.org/10.5089/9781513525464.002
ISBN: 9781513525464
This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estim...
Volume/Issue: 2015/74
Series: IMF Working Papers
Author(s):
Ali Alichi
,
Jaromir Benes
,
Joshua Felman
,
Irene Feng
,
Charles Freedman
,
Douglas Laxton
,
Evan Tanner
,
David Vavra
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2015
ISBN: 9781475532371
The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB's recent experience in addi...
Volume/Issue: 2015/74
Series: IMF Working Papers
Author(s):
Ali Alichi
,
Jaromir Benes
,
Joshua Felman
,
Irene Feng
,
Charles Freedman
,
Douglas Laxton
,
Evan Tanner
,
David Vavra
, and
Hou Wang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
2015
DOI: http://dx.doi.org/10.5089/9781475532371.001
ISBN: 9781475532371
The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB's recent experience in addi...
Volume/Issue: 2014/175
Series: IMF Working Papers
Author(s):
Ales Bulir
,
Martin Cihak
, and
David-Jan Jansen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
September
2014
ISBN: 9781498392914
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, a...
Volume/Issue: 2014/175
Series: IMF Working Papers
Author(s):
Ales Bulir
,
Martin Cihak
, and
David-Jan Jansen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
September
2014
DOI: http://dx.doi.org/10.5089/9781498392914.001
ISBN: 9781498392914
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, a...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
DOI: http://dx.doi.org/10.5089/9781484393383.002
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
Volume/Issue: 2014/256
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
September
2014
ISBN: 9781484393383
Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank's foreign exchange intervention policy has helped stem deflationary pressures but inflation is st...
