Search Results

You are looking at 1 - 10 of 14 items :

  • Keyword: output x
  • New Zealand x
Clear All Modify Search
Inflation Targeting Under Potential Output Uncertainty

Inflation Targeting Under Potential Output Uncertainty »

Source: Inflation Targeting Under Potential Output Uncertainty

Volume/Issue: 2000/158

Series: IMF Working Papers

Author(s): Victor Gaiduch , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451857573

Keywords: Monetary policy rules, potential output, uncertainty, inflation, nominal interest rate, monetary authority

To achieve their price stability objectives, many monetary authorities use the gap between current and potential output as an indicator of future price pressures. This policy-setting strategy has been criticized be...

Inflation Targeting and Output Stability

Inflation Targeting and Output Stability »

Source: Inflation Targeting and Output Stability

Volume/Issue: 1999/61

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

ISBN: 9781451848151

Keywords: Inflation targeting, output stability, staggered price setting, inflation, aggregate demand, monetary base

This paper reexamines the effects of inflation targeting on output stability. It considers an economy with staggered price setting that is exposed to price shocks and where the policymaker cannot observe the curren...

What Is in Your Output Gap? Unified Framework & Decomposition into Observables

What Is in Your Output Gap? Unified Framework & Decomposition into Observables »

Source: What Is in Your Output Gap? Unified Framework & Decomposition into Observables

Volume/Issue: 2013/105

Series: IMF Working Papers

Author(s): Michal Andrle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

ISBN: 9781484399552

Keywords: output gap, linear filters, observable decomposition, DSGE, inflation, unemployment, employment, monetary fund, central bank, General,

This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions...

Growth Forecast Errors and  Fiscal Multipliers

Growth Forecast Errors and Fiscal Multipliers »

Source: Growth Forecast Errors and Fiscal Multipliers

Volume/Issue: 2013/1

Series: IMF Working Papers

Author(s): Olivier Blanchard , and Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 January 2013

ISBN: 9781475576443

Keywords: government expenditure, output fluctuations, fiscal consolidation, fiscal multipliers, growth forecast, fiscal balance, General, General, Forecasts of Budgets, Deficits

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated...

Wage Flexibility and Economic Performance

Wage Flexibility and Economic Performance »

Source: Wage Flexibility and Economic Performance : Evidence Across Industrial Countries

Volume/Issue: 2000/137

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2000

ISBN: 9781451855906

Keywords: Wage Flexibility, demand shocks, energy price shocks, productivity shocks, wage, inflation, aggregate demand, wage inflation, real output

This paper provides new empirical evidence on the degree of nominal wage flexibility in a sample of nineteen industrial countries. Across countries, aggregate uncertainty increases the degree of wage flexibility in...

An Investigation of Output Variance Before and During Inflation Targeting

An Investigation of Output Variance Before and During Inflation Targeting »

Source: An Investigation of Output Variance Before and During Inflation Targeting

Volume/Issue: 2001/215

Series: IMF Working Papers

Author(s): Francisco Nadal De Simone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451875041

Keywords: output variance, Markov-switching, inflation, reduction in inflation, inflation-targeting, Econometric Methods: - Multiple/simultaneous Equation Models, Central Banking, And The Supply Of Money And Credit, macroeconomic Aspects Of International Trade And Finance,

Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate “too low and stable” will likely result in relatively larg...

Public Financial Management

Public Financial Management »

Source: Public Financial Management : Principal Issues in Small Pacific Island Countries

Volume/Issue: 2002/1

Series: IMF Policy Discussion Papers

Author(s): Klaus-Walter Riechel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

ISBN: 9781451974973

Keywords: Budgeting, Fiscal policy, Public financial management, Public finance, Pacific Island Countries, budget systems, small country issues, financial management, budget, output budgeting

The paper discusses reform in public financial management in small, resource-constrained economies such as the Pacific island countries (PICs). It describes the efforts undertaken by PICs in the past and assesses t...

Inflation Targeting Under Potential Output Uncertainty

Inflation Targeting Under Potential Output Uncertainty »

Volume/Issue: 2000/158

Series: IMF Working Papers

Author(s): Victor Gaiduch , and Benjamin Hunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

DOI: http://dx.doi.org/10.5089/9781451857573.001

ISBN: 9781451857573

Keywords: Monetary policy rules, potential output, uncertainty, inflation, nominal interest rate, monetary authority

To achieve their price stability objectives, many monetary authorities use the gap between current and potential output as an indicator of future price pressures. This policy-setting strategy has been criticized be...

Inflation Targeting and Output Stability

Inflation Targeting and Output Stability »

Volume/Issue: 1999/61

Series: IMF Working Papers

Author(s): Esteban Jadresic

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

DOI: http://dx.doi.org/10.5089/9781451848151.001

ISBN: 9781451848151

Keywords: Inflation targeting, output stability, staggered price setting, inflation, aggregate demand, monetary base

This paper reexamines the effects of inflation targeting on output stability. It considers an economy with staggered price setting that is exposed to price shocks and where the policymaker cannot observe the curren...

What Is in Your Output Gap? Unified Framework & Decomposition into Observables

What Is in Your Output Gap? Unified Framework & Decomposition into Observables »

Volume/Issue: 2013/105

Series: IMF Working Papers

Author(s): Michal Andrle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

DOI: http://dx.doi.org/10.5089/9781484399552.001

ISBN: 9781484399552

Keywords: output gap, linear filters, observable decomposition, DSGE, inflation, unemployment, employment, monetary fund, central bank, General,

This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions...