Search Results

You are looking at 61 - 70 of 80 items :

  • Keyword: Monetary authorities x
  • IMF Working Papers x
Clear All Modify Search
The Macroeconomic Effects of Higher Oil Prices

The Macroeconomic Effects of Higher Oil Prices »

Volume/Issue: 2001/14

Series: IMF Working Papers

Author(s): Peter Isard , Benjamin Hunt , and Douglas Laxton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2001

DOI: http://dx.doi.org/10.5089/9781451843125.001

ISBN: 9781451843125

Keywords: oil price shocks, MULTIMOD, inflation, monetary authorities, inflation target, monetary fund,

The paper uses MULTIMOD to analyze the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks. It provides perspectives on several findings in the literat...

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility

Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility »

Volume/Issue: 2001/7

Series: IMF Working Papers

Author(s): Peter Isard , Douglas Laxton , and Ann-Charlotte Eliasson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

DOI: http://dx.doi.org/10.5089/9781451842418.001

ISBN: 9781451842418

Keywords: monetary policy rules, credibility, NAIRU uncertainty, inflation, inflation rate, monetary authorities, Model Construction and Estimation,

Stochastic simulations are employed to compare performance of monetary policy rules in linear and nonlinear variants of a small macro model with NAIRU uncertainity under different assumptions about the way inflatio...

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...

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies »

Volume/Issue: 2014/33

Series: IMF Working Papers

Author(s): Juan Pablo Medina Guzman , and Claudio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2014

DOI: http://dx.doi.org/10.5089/9781484306390.001

ISBN: 9781484306390

Keywords: imperfect credibility, inflation, central bank, monetary policy transparency, monetary authority, Monetary Policy (Targets, Instruments, and Effects), General,

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We...

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886 »

Volume/Issue: 1988/12

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

DOI: http://dx.doi.org/10.5089/9781451925265.001

ISBN: 9781451925265

Keywords: exchange rate, demand for money, inflation, exchange rate policy, monetary authority

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomi...

Real Interest Rate Targeting
			: An Example From Brazil

Real Interest Rate Targeting : An Example From Brazil »

Volume/Issue: 1990/111

Series: IMF Working Papers

Author(s): Eric Clifton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1990

DOI: http://dx.doi.org/10.5089/9781451945041.001

ISBN: 9781451945041

Keywords: inflation, price level, real interest rate, monetary authorities, interest rate targeting

This paper examines a real interest rate targeting procedure based on lagged inflation similar to the policy followed by the Brazilian monetary authorities during the period November 1986 to December 1988, focusing...

Simple Monetary Rules Under Fiscal Dominance

Simple Monetary Rules Under Fiscal Dominance »

Volume/Issue: 2007/271

Series: IMF Working Papers

Author(s): Michael Kumhof , Ricardo Nunes , and Irina Yakadina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

DOI: http://dx.doi.org/10.5089/9781451868340.001

ISBN: 9781451868340

Keywords: Optimal simple policy rules, inflation targeting, monetary authority, nominal interest rates,

Is aggressive monetary policy response to inflation feasible in countries that suffer from fiscal dominance? We find that if nominal interest rates are allowed to respond to government debt, even aggressive rules t...

Accumulating Foreign Reserves Under Floating Exchange Rates

Accumulating Foreign Reserves Under Floating Exchange Rates »

Volume/Issue: 2008/96

Series: IMF Working Papers

Author(s): Fernando M. Gonçalves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

DOI: http://dx.doi.org/10.5089/9781451869576.001

ISBN: 9781451869576

Keywords: Foreign Reserves, Foreign Exchange Market, Floating Exchange Rate, inflation, monetary authority, inflation rate, foreign exchange,

Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theore...

Determinants of Barter in Russia
			: An Empirical Analysis

Determinants of Barter in Russia : An Empirical Analysis »

Volume/Issue: 2000/155

Series: IMF Working Papers

Author(s): Christian Mumssen , Irina Dolinskaya , Simon Commander , and Irina Tytell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2000

DOI: http://dx.doi.org/10.5089/9781451857306.001

ISBN: 9781451857306

Keywords: barter, tax offsets, non-monetary transactions, arrears, trade credit, Russia, transition, restructuring, monetary transactions, tax authorities

This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the fir...

Inflation Targeting and Output Growth
			: Empirical Evidence for the European Union

Inflation Targeting and Output Growth : Empirical Evidence for the European Union »

Volume/Issue: 2005/89

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

DOI: http://dx.doi.org/10.5089/9781451861082.001

ISBN: 9781451861082

Keywords: inflation, inflation rate, monetary authorities, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,

This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic mode...