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Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Source: Cost-Benefit Analysis of Leaning Against the Wind

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Understanding Inflation in Malawi

Understanding Inflation in Malawi »

Source: Understanding Inflation in Malawi : A Quantitative Investigation

Volume/Issue: 2017/48

Series: IMF Working Papers

Author(s): Dong Frank Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2017

ISBN: 9781475585988

Keywords: Sub-Saharan Africa, Malawi, Foreign exchange, Inflation, Exchange Rate, Pass-through, Regime Switch, Monetary Policy (Targets, Instruments, and Effects)

This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation. Using linear and nonlinear frameworks, the paper finds: (i) after the switch to a floating exchan...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

DOI: http://dx.doi.org/10.5089/9781498314787.001

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Understanding Inflation in Malawi
			: A Quantitative Investigation

Understanding Inflation in Malawi : A Quantitative Investigation »

Volume/Issue: 2017/48

Series: IMF Working Papers

Author(s): Dong Frank Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 March 2017

DOI: http://dx.doi.org/10.5089/9781475585988.001

ISBN: 9781475585988

Keywords: Sub-Saharan Africa, Malawi, Foreign exchange, Inflation, Exchange Rate, Pass-through, Regime Switch, Monetary Policy (Targets, Instruments, and Effects)

This paper focuses on the role of the pass-through of the exchange rate and policydeterminants in driving inflation. Using linear and nonlinear frameworks, the paper finds: (i) after the switch to a floating exchan...