Volume/Issue: 2015/184
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
14
July
2015
ISBN: 9781513525464
This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estim...
Volume/Issue: 2000/59
Series: IMF Working Papers
Author(s):
Sweta Saxena
, and
Valerie Cerra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
2000
ISBN: 9781451847932
This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainab...
Volume/Issue: 1999/61
Series: IMF Working Papers
Author(s):
Esteban Jadresic
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
April
1999
ISBN: 9781451848151
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...
Volume/Issue: 2013/105
Series: IMF Working Papers
Author(s):
Michal Andrle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
10
May
2013
ISBN: 9781484399552
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...
Volume/Issue: 2010/189
Series: IMF Working Papers
Author(s):
Andre Meier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2010
ISBN: 9781455202232
This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about signif...
Volume/Issue: 2000/137
Series: IMF Working Papers
Author(s):
Magda Kandil
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2000
ISBN: 9781451855906
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...
Volume/Issue: 2005/147
Series: IMF Working Papers
Author(s):
Sweta Saxena
, and
Valerie Cerra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
July
2005
ISBN: 9781451861662
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative s...
Volume/Issue: 2005/29
Series: IMF Working Papers
Author(s):
Valerie Cerra
, and
Sweta Saxena
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
February
2005
ISBN: 9781451860481
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growt...
Volume/Issue: 2015/184
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
14
July
2015
DOI: http://dx.doi.org/10.5089/9781513525464.002
ISBN: 9781513525464
This Selected Issues paper examines the causes and drivers of low inflation in European inflation targeting countries outside the euro area, focusing on the Czech Republic, Poland, Sweden, and Switzerland. It estim...
Volume/Issue: 2000/59
Series: IMF Working Papers
Author(s):
Sweta Saxena
, and
Valerie Cerra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
March
2000
DOI: http://dx.doi.org/10.5089/9781451847932.001
ISBN: 9781451847932
This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainab...