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Towards Inflation Targeting in Sri Lanka

Towards Inflation Targeting in Sri Lanka »

Source: Towards Inflation Targeting in Sri Lanka

Volume/Issue: 2011/81

Series: IMF Working Papers

Author(s): Ding Ding , Rahul Anand , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

ISBN: 9781455226078

Keywords: Bayesian Estimation, inflation, central bank, foreign exchange, Money and Interest Rates: Forecasting and Simulation,

This paper develops a practical model-based forecasting and policy analysis system (FPAS) to support a transition to an inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good fo...

Philippines

Philippines »

Source: Philippines : Preparations for Inflation Targeting

Volume/Issue: 2001/99

Series: IMF Working Papers

Author(s): Piyabha Kongsamut

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2001

ISBN: 9781451852271

Keywords: inflation targeting, inflation modeling, inflation, inflation target, central bank, Multiple or Simultaneous Equation Models: Time-Series Models, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation, Targeting,

The Philippines is planning to shift toward adoption of an inflation targeting framework in 2001. This paper reviews key policy issues in this context, describes various operational and technical preparations, and...

Shock from Graying

Shock from Graying »

Source: Shock from Graying : Is the Demographic Shift Weakening Monetary Policy Effectiveness

Volume/Issue: 2013/191

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 September 2013

ISBN: 9781475598070

Keywords: Demographic shift, life-cycle model, monetary policy, inflation, monetary transmission, central bank, inflation targeting, Demographic Trends and Forecasts,

Abstract Empirical evidence is mounting that, in advanced economies, changes in monetary policy have a more benign impact on the economy—given better anchored inflation expectations and inflation being less...

Testing the Transparency Benefits of Inflation Targeting

Testing the Transparency Benefits of Inflation Targeting »

Source: Testing the Transparency Benefits of Inflation Targeting : Evidence from Private Sector Forecasts

Volume/Issue: 2006/289

Series: IMF Working Papers

Author(s): Christopher Crowe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865493

Keywords: inflation forecasts, central bank transparency, propensity score matching, central bank, Asymmetric and Private Information,

I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparenc...

Inflation Targeting and the Unemployment-Inflation Trade-off

Inflation Targeting and the Unemployment-Inflation Trade-off »

Source: Inflation Targeting and the Unemployment-Inflation Trade-off

Volume/Issue: 2001/166

Series: IMF Working Papers

Author(s): Chorng-Huey Wong , Eric Clifton , and Gene Leon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2001

ISBN: 9781451858105

Keywords: inflation targeting, credibility, Phillips curve, smooth transition regression models, inflation, central bank, monetary fund, General Aggregative Models: Forecasting and Simulation, Inflation Targeting Credibility,

This paper examines the impact of the introduction of inflation targeting on the unemployment-inflation trade-off in OECD countries. Theoretical models suggest that the credibility-enhancing effects of the adoption...

Estimating Sri Lanka’s Potential Output1

Estimating Sri Lanka’s Potential Output1 »

Source: Estimating Sri Lanka's Potential Output

Volume/Issue: 2014/40

Series: IMF Working Papers

Author(s): Ding Ding , John Nelmes , Roshan Perera , and Volodymyr Tulin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2014

ISBN: 9781484333938

Keywords: Output Gap, Multivariate Filter, inflation, unemployment rate, equilibrium unemployment, equilibrium unemployment rate, Time-Series Models, Forecasting and Other Model Applications,

In this paper we present various techniques to estimate Sri Lanka's potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusiv...

Food Inflation in India

Food Inflation in India »

Source: Food Inflation in India : The Role for Monetary Policy

Volume/Issue: 2014/178

Series: IMF Working Papers

Author(s): Rahul Anand , Ding Ding , and Volodymyr Tulin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

ISBN: 9781484392096

Keywords: food inflation, monetary fund, inflation dynamics, real interest rate, Monetary Policy (Targets, Instruments, and Effects), Forecasting and Simulation, Fiscal and Monetary Policy in Development,

Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are estimated to be large. This paper estimates the size of second-round effects using an estimated red...

Modeling the World Economic Outlook At the IMF

Modeling the World Economic Outlook At the IMF »

Source: Modeling the World Economic Outlook At the IMF : A Historical Review

Volume/Issue: 1997/48

Series: IMF Working Papers

Author(s): James Boughton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1997

ISBN: 9781451846706

Keywords: World Economic Outlook, forecasting, econometric models - history, IMF, inflation, monetary fund, monetary policy, aggregate demand, monetary growth

The World Economic Outlook (WEO) exercise at the IMF evolved during the 1980s, partly in response to demands by policymakers in national finance ministries for objective and internationally comparable projections a...

Inflation-Forecast Targeting for India

Inflation-Forecast Targeting for India »

Source: Inflation-Forecast Targeting for India : An Outline of the Analytical Framework

Volume/Issue: 2017/32

Series: IMF Working Papers

Author(s): Jaromir Benes , Kevin Clinton , Asish George , Joice John , Ondra Kamenik , Douglas Laxton , Pratik Mitra , G.V. Nadhanael , Hou Wang , and Fan Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2017

ISBN: 9781475578690

Keywords: Asia and Pacific, Disinflation, India, Inflation targeting, Forecasting models, Monetary policy, Price stabilization, Central banks and their policies, inflation targeting; Reserve Bank of India; inflation episodes in India; forecasting models; monetary policy models; model calibration; monetary policy rules; monetary policy simulations, Reserve Bank of India

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper d...

Measuring External Risks for Peru

Measuring External Risks for Peru »

Source: Measuring External Risks for Peru : Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy

Volume/Issue: 2014/161

Series: IMF Working Papers

Author(s): Fei Han

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 September 2014

ISBN: 9781498327220

Keywords: Macroeconomic Model, Partial Dollarization, External Risk, Macroeconomic Forecast, inflation, aggregate demand, monetary fund, Multiple or Simultaneous Equation Models: Instrumental Variables (IV) Estimation, Forecasting and Simulation, Monetary Policy (Targets

This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, China's investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconom...