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Central Bank Financial Strength, Policy Constraints and Inflation

Central Bank Financial Strength, Policy Constraints and Inflation »

Source: Central Bank Financial Strength, Policy Constraints and Inflation

Volume/Issue: 2008/49

Series: IMF Working Papers

Author(s): Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869118

Keywords: Central bank, monetary fund, monetary authorities,

Central bank financial strength is positively associated with good policy performance. Financially weak central banks generate losses which undermine macroeconomic stability and call into question the credibility o...

Asymmetry in the U.S. Output-Inflation Nexus

Asymmetry in the U.S. Output-Inflation Nexus »

Source: Asymmetry in the U.S. Output-Inflation Nexus : Issues and Evidence

Volume/Issue: 1995/76

Series: IMF Working Papers

Author(s): Douglas Laxton , Peter Clark , and David Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1995

ISBN: 9781451849813

Keywords: aggregate demand, inflation process, monetary authority

This paper presents empirical evidence supporting the proposition that there is a significant asymmetry in the U.S. output-inflation process, which implies that excess demand conditions are much more inflationary t...

Capacity Constraints, Inflation and the Transmission Mechanism

Capacity Constraints, Inflation and the Transmission Mechanism »

Source: Capacity Constraints, Inflation and the Transmission Mechanism : Forward-Looking Versus Myopic Policy Rules

Volume/Issue: 1995/75

Series: IMF Working Papers

Author(s): Peter Clark , Douglas Laxton , and David Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1995

ISBN: 9781451849677

Keywords: aggregate demand, inflation process, monetary authorities

This paper develops a small model of the output-inflation process in the United States in order to examine the implications of alternative monetary policy rules. In particular, two types of policy rules are conside...

Foreign Exchange Market Intervention and Domestic Monetary Control in Japan. 1973-19+L26389

Foreign Exchange Market Intervention and Domestic Monetary Control in Japan. 1973-19+L26389 »

Source: Foreign Exchange Market Intervention and Domestic Monetary Control in Japan. 1973-19+L26389

Volume/Issue: 1989/101

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1989

ISBN: 9781451948479

Keywords: exchange rate, foreign exchange, monetary base, money supply, monetary authorities

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions1/

The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions1/ »

Source: The Implications of Fiscal Conditions and Growing Internationalization for Monetary Policies and Financial Market Conditions

Volume/Issue: 1988/52

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 June 1988

ISBN: 9781451970135

Keywords: monetary policy, monetary authorities, fiscal conditions, fiscal policy, fiscal variables

The paper argues that the endogenous behavior of monetary authorities provides an important channel through which fiscal policy influences financial variables, and that growing internationalization has increased th...

Asymmetric Effects of Economic Activityon Inflation

Asymmetric Effects of Economic Activityon Inflation »

Source: Asymmetric Effects of Economic Activityon Inflation : Evidence and Policy Implications

Volume/Issue: 1994/139

Series: IMF Working Papers

Author(s): Douglas Laxton , Guy Meredith , and David Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1994

ISBN: 9781451929355

Keywords: aggregate demand, monetary policy, real interest rate, monetary authority

This paper examines the evidence on asymmetries in the effects of activity on inflation. Data for the G-7 countries are found to strongly support the view that the inflation-activity relationship is nonlinear, with...

World Commodity Prices as a Forecasting Tool for Retail Prices

World Commodity Prices as a Forecasting Tool for Retail Prices »

Source: World Commodity Prices as a Forecasting Tool for Retail Prices : Evidence From the United Kingdom

Volume/Issue: 1997/70

Series: IMF Working Papers

Author(s): John Thornton , and Alicia García-Herrero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

ISBN: 9781451960471

Keywords: Commodity prices, inflation, monetary authorities, inflation targeting, aggregate demand

This paper investigates, using cointegration and Granger-causality techniques, whether a stable long-run co-movement exists between world commodity prices and U.K. retail prices, and whether short-run changes in co...

Testing the Credibility of Belgium's Exchange Rate Policy

Testing the Credibility of Belgium's Exchange Rate Policy »

Source: Testing the Credibility of Belgium's Exchange Rate Policy

Volume/Issue: 1993/76

Series: IMF Working Papers

Author(s): Ioannis Halikias

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1993

ISBN: 9781451849790

Keywords: exchange rate, inflation, monetary authorities, exchange rate movements

This paper examines the credibility of the exchange rate policy pursued by the Belgian monetary authorities of pegging the Belgian franc to a narrow fluctuation band around the deutsche mark, in the context of the...

Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)1

Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)1 »

Source: Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)

Volume/Issue: 2009/65

Series: IMF Working Papers

Author(s): Douglas Laxton , Alasdair Scott , and David Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451872125

Keywords: economic projections, macroeconomic models, central bank, monetary authority, aggregate demand,

This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the development of data...

The Fisher Hypothesis and Inflation Persistence

The Fisher Hypothesis and Inflation Persistence »

Source: The Fisher Hypothesis and Inflation Persistence : Evidence From Five Major Industrial Countries

Volume/Issue: 1995/118

Series: IMF Working Papers

Author(s): Wensheng Peng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451940824

Keywords: nominal interest rates, nominal interest rate, monetary authorities, inflation rates

This paper presents an empirical evaluation of the strength of the Fisher effect which predicts a positive relationship between the nominal interest rate and inflation in the postwar period in the five major indust...