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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...

Optimal Monetary Policy with Overlapping Generations of Policymakers

Optimal Monetary Policy with Overlapping Generations of Policymakers »

Source: Optimal Monetary Policy with Overlapping Generations of Policymakers

Volume/Issue: 2010/32

Series: IMF Working Papers

Author(s): Maral Shamloo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962642

Keywords: Monetary Policy Committee, Commitment, Discretion, Optimal Monetary Policy, inflation, monetary authority, monetary economics,

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I present a model in which the monetary authority is a committee that consists of members who serve overlapping, finit...

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...

The Macroeconomic Effects of Higher Oil Prices

The Macroeconomic Effects of Higher Oil Prices »

Source: 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

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...

The Austrian Theory of Business Cycles

The Austrian Theory of Business Cycles »

Source: The Austrian Theory of Business Cycles : Old Lessons for Modern Economic Policy?

Volume/Issue: 2002/2

Series: IMF Working Papers

Author(s): S. Oppers

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451841770

Keywords: recession, inflation, monetary authorities, central bank, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Austrian School, Hayek, Friedrich (1899-1992),

This paper reviews the "Austrian" theory of the business cycle first proposed by Friedrich Hayek in the 1920s. His theory claimed that credit creation by monetary authorities would push investment beyond society's...

Monetary Policy and Asset Prices

Monetary Policy and Asset Prices »

Source: Monetary Policy and Asset Prices : Does "Benign Neglect" Make Sense?

Volume/Issue: 2002/225

Series: IMF Working Papers

Author(s): Olivier Jeanne , and Michael Bordo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875362

Keywords: credit crunch, Taylor rule, bubbles, new economy, inflation, monetary authorities, monetary fund, Economic History: Financial Markets and Institutions: General, International, or Comparative,

The link between monetary policy and asset price movements has been of perennial interest to policymakers. In this paper, we consider the potential case for preemptive monetary restrictions when asset price reversa...

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 »

Volume/Issue: 1989/101

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1989

DOI: http://dx.doi.org/10.5089/9781451948479.001

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...

Optimal Monetary Policy with Overlapping Generations of Policymakers

Optimal Monetary Policy with Overlapping Generations of Policymakers »

Volume/Issue: 2010/32

Series: IMF Working Papers

Author(s): Maral Shamloo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

DOI: http://dx.doi.org/10.5089/9781451962642.001

ISBN: 9781451962642

Keywords: Monetary Policy Committee, Commitment, Discretion, Optimal Monetary Policy, inflation, monetary authority, monetary economics,

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I present a model in which the monetary authority is a committee that consists of members who serve overlapping, finit...

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

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

DOI: http://dx.doi.org/10.5089/9781451940824.001

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...

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...