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A practical model-based approach to monetary policy analysis [[electronic resource] ] : overview / / prepared by Andrew Berg, Philippe Karam, and Douglas Laxton
A practical model-based approach to monetary policy analysis [[electronic resource] ] : overview / / prepared by Andrew Berg, Philippe Karam, and Douglas Laxton
Autore Berg Andrew
Pubbl/distr/stampa [Washington, D.C.], : International Monetary Fund, c2006
Descrizione fisica 1 online resource (45 p.)
Collana IMF working paper
Soggetto topico Monetary policy
Economic forecasting
Soggetto genere / forma Electronic books.
ISBN 1-4623-6292-3
1-4527-3198-5
1-282-44783-1
1-4519-0875-X
9786613821034
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. MONETARY POLICY ANALYSIS AT THE IMF ""; ""III. MACROECONOMIC MODELING""; ""IV. BUILDING THE MODEL""; ""V. FORECASTING AND POLICY ANALYSIS46""; ""VI. AN EXAMPLE""; ""VII. CAVEATS AND FUTURE WORK""; ""VIII. CONCLUSIONS""; ""REFERENCES""
Record Nr. UNINA-9910464562603321
Berg Andrew  
[Washington, D.C.], : International Monetary Fund, c2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Practical model-based monetary policy analysis [[electronic resource] ] : a how-to guide / / prepared by Andrew Berg, Philippe Karam, and Douglas Laxton
Practical model-based monetary policy analysis [[electronic resource] ] : a how-to guide / / prepared by Andrew Berg, Philippe Karam, and Douglas Laxton
Autore Berg Andrew
Pubbl/distr/stampa [Washington, D.C.], : International Monetary Fund, Policy Development and Review Dept., Research Dept., and IMF Institute, 2006
Descrizione fisica 1 online resource (69 p.)
Altri autori (Persone) KaramPhilippe D
LaxtonDouglas
Collana IMF working paper
Soggetto topico Economic forecasting
Monetary policy
Soggetto genere / forma Electronic books.
ISBN 1-4623-7201-5
1-4527-9051-5
1-282-54536-1
1-4519-0876-8
9786613822123
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. BUILDING THE MODEL""; ""IV. FORECASTING AND POLICY ANALYSIS""; ""V. AN EXAMPLE""; ""VI. CONCLUSIONS""; ""REFERENCES""
Record Nr. UNINA-9910464845703321
Berg Andrew  
[Washington, D.C.], : International Monetary Fund, Policy Development and Review Dept., Research Dept., and IMF Institute, 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Public investment in resource-abundant developing countries [[electronic resource] /] / Andrew Berg ... [et al.]
Public investment in resource-abundant developing countries [[electronic resource] /] / Andrew Berg ... [et al.]
Autore Berg Andrew
Pubbl/distr/stampa Washington, D.C., : International Monetary Fund, 2012
Descrizione fisica 1 online resource (49 p.)
Collana IMF working paper
Soggetto topico Public investments - Developing countries - Finance - Econometric models
Natural resources - Developing countries
Soggetto genere / forma Electronic books.
ISBN 1-4755-6996-3
1-4755-4982-2
1-283-94789-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility
B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach
5 CEMAC application: investing without a Resource Windfall 6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References
Record Nr. UNINA-9910453255703321
Berg Andrew  
Washington, D.C., : International Monetary Fund, 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Public Investment in Resource-Abundant Developing Countries / / Andrew Berg, Rafael Portillo, Susan Yang, Luis-Felipe Zanna
Public Investment in Resource-Abundant Developing Countries / / Andrew Berg, Rafael Portillo, Susan Yang, Luis-Felipe Zanna
Autore Berg Andrew
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (49 p.)
Altri autori (Persone) PortilloRafael
YangSusan
ZannaLuis-Felipe
Collana IMF Working Papers
IMF working paper
Soggetto topico Public investments - Developing countries - Finance - Econometric models
Natural resources - Developing countries
Macroeconomics
Public Finance
Taxation
Exhaustible Resources and Economic Development
Investment
Capital
Intangible Capital
Capacity
Economic Growth of Open Economies
One, Two, and Multisector Growth Models
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Macroeconomics: Consumption
Saving
Wealth
Business Taxes and Subsidies
National Government Expenditures and Related Policies: General
Public finance & taxation
Public investment spending
Consumption taxes
Consumption
Private consumption
Expenditure
Taxes
National accounts
Public investments
Economics
Spendings tax
Expenditures, Public
ISBN 1-4755-6996-3
1-4755-4982-2
1-283-94789-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility
B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach
5 CEMAC application: investing without a Resource Windfall 6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References
Record Nr. UNINA-9910779594603321
Berg Andrew  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Public Investment in Resource-Abundant Developing Countries / / Andrew Berg, Rafael Portillo, Susan Yang, Luis-Felipe Zanna
Public Investment in Resource-Abundant Developing Countries / / Andrew Berg, Rafael Portillo, Susan Yang, Luis-Felipe Zanna
Autore Berg Andrew
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (49 p.)
Disciplina 332.1;332.152
Altri autori (Persone) PortilloRafael
YangSusan
ZannaLuis-Felipe
Collana IMF Working Papers
IMF working paper
Soggetto topico Public investments - Developing countries - Finance - Econometric models
Natural resources - Developing countries
Macroeconomics
Public Finance
Taxation
Exhaustible Resources and Economic Development
Investment
Capital
Intangible Capital
Capacity
Economic Growth of Open Economies
One, Two, and Multisector Growth Models
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Macroeconomics: Consumption
Saving
Wealth
Business Taxes and Subsidies
National Government Expenditures and Related Policies: General
Public finance & taxation
Public investment spending
Consumption taxes
Consumption
Private consumption
Expenditure
Taxes
National accounts
Public investments
Economics
Spendings tax
Expenditures, Public
ISBN 1-4755-6996-3
1-4755-4982-2
1-283-94789-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; I. Introduction; II. Model Setup; A Households; B Firms; C The Government; D Some Market Clearing Conditions and Identities; III. Equilibrium and Calibration; A The CEMAC Region; B Angola; IV. Investing with a short revenue horizon; A Saving in a SWF vs. Investing in Public Capital; B Sustaining Public Capital; C Endogenous Depreciation of Public Capital; D The Sustainable Investing Approach; E Development without the Windfall; V. Investing Volatile Resource Revenue; A The Sustainable Investing Approach to Managing Volatility
B Allocation between Investing and External SavingVI. Conclusion; Tables; 1 Baseline Parameter Calibration; 2 Welfare Comparison with All-Investing; 3 Stabilization Effects of the Sustainable Investing Approach; Figures; 1 CEMAC application: saving in a SWF vs. all-investing; 2 CEMAC application: all-investing and sustaining public capital by fiscal Adjustments through consumption taxes or transfers; 3 CEMAC application with constant depreciation rate of public capital: Saving in a SWF vs. all-investing; 4 CEMAC application: sustainable investing approach
5 CEMAC application: investing without a Resource Windfall 6 Angola application: conservative vs. aggressive scaling-up under sustainable investing; 7 Angola application: conservative vs. aggressive scaling-up With constant depreciation rate; Appendix I: Equilibrium and Optimality Conditions; References
Record Nr. UNINA-9910811577103321
Berg Andrew  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Public Investment, Growth, and Debt Sustainability : : Putting together the Pieces / / Andrew Berg, Rafael Portillo, Edward Buffie, Catherine Pattillo, Luis-Felipe Zanna
Public Investment, Growth, and Debt Sustainability : : Putting together the Pieces / / Andrew Berg, Rafael Portillo, Edward Buffie, Catherine Pattillo, Luis-Felipe Zanna
Autore Berg Andrew
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (55 p.)
Disciplina 332.152
Altri autori (Persone) PortilloRafael
BuffieEdward
PattilloCatherine
ZannaLuis-Felipe
Collana IMF Working Papers
Soggetto topico Debts, External - Developing countries
Finance, Public - Developing countries
Exports and Imports
Infrastructure
Public Finance
Fiscal Policy
International Lending and Debt Problems
Debt
Debt Management
Sovereign Debt
Institutions and Growth
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Investment
Capital
Intangible Capital
Capacity
Public finance & taxation
Macroeconomics
International economics
Public investment and public-private partnerships (PPP)
Public investment spending
Public debt
Debt sustainability
Expenditure
National accounts
External debt
Public-private sector cooperation
Public investments
Debts, Public
Saving and investment
Debts, External
ISBN 1-4755-5233-5
1-4755-7725-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Table of Contents; I. Introduction; II. The Model; A. Firms; A.1. Technology; A.2. Factor Demands; B. Consumers; C. The Government; C.1. Infrastructure, Public Investment and Efficiency; C.2. Fiscal Adjustment and the Public Sector Budget Constraint; D. Market-Clearing Conditions and External Debt Accumulation; III. Calibration of the Model; Tables; Table 1. Base Case Calibration; IV. The Long-Run Outcome; Table 2. Public Investment Scaling Up, Concessional Borrowing, and Grants; A. Insights from a Simplified Model; Figures; Figure 1. The Long-run Outcome in the Simplified Model
B. Numerical SolutionsTable 3. Long-run Effects of Scaling up Public Investment by 3 Percent of Initial GDP; V. The Medium-Term Fiscal and Macroeconomic Adjustments under Different Financing Schemes; A. Unconstrained Tax Adjustment; A.1. The Base Case; Figure 2. Base Case: Unconstrained Tax Adjustment; A.2. More Optimistic and Troublesome Scenarios; Figure 3. Unconstrained Tax Adjustment: Optimistic and Troublesome Scenarios; A.3. Gradually Increasing Transfers, Efficiency, and the Collection Rate of User Fees; Figure 4. Unconstrained Tax Adjustment: The Size of the Scaling Up
Figure 5. Unconstrained Tax Adjustment: Increasing TransfersB. Constrained Tax Adjustment Combined with External Commercial Borrowing; B.1. Tax Smoothing and Private Demand Crowding Out; Figure 6. Unconstrained Tax Adjustment versus Constrained Tax Adjustment with External Commercial Borrowing; B.2. Debt Blowups: Structural and Policy Conditions; Figure 7. Constrained Tax Adjustment with External Commercial Borrowing: Varying the Structural and Policy Conditions; C. Constrained Tax Adjustment Combined with Domestic Borrowing
Figure 8. Constrained Tax Adjustment: Domestic Borrowing versus External Commercial BorrowingVI. External Shocks and Risks; Figure 9. External TOT Shocks: Shocks Persistence and Financing Schemes; Figure 10. TFP and Risk Premium Shocks and Risks; VII. Concluding Remarks; Appendix A. On Public Investment Efficiency, Rates of Return, and Growth; References
Record Nr. UNINA-9910779501203321
Berg Andrew  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Public Investment, Growth, and Debt Sustainability : : Putting together the Pieces / / Andrew Berg, Rafael Portillo, Edward Buffie, Catherine Pattillo, Luis-Felipe Zanna
Public Investment, Growth, and Debt Sustainability : : Putting together the Pieces / / Andrew Berg, Rafael Portillo, Edward Buffie, Catherine Pattillo, Luis-Felipe Zanna
Autore Berg Andrew
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica 1 online resource (55 p.)
Disciplina 332.152
Altri autori (Persone) PortilloRafael
BuffieEdward
PattilloCatherine
ZannaLuis-Felipe
Collana IMF Working Papers
Soggetto topico Debts, External - Developing countries
Finance, Public - Developing countries
Exports and Imports
Infrastructure
Public Finance
Fiscal Policy
International Lending and Debt Problems
Debt
Debt Management
Sovereign Debt
Institutions and Growth
National Government Expenditures and Related Policies: Infrastructures
Other Public Investment and Capital Stock
Investment
Capital
Intangible Capital
Capacity
Public finance & taxation
Macroeconomics
International economics
Public investment and public-private partnerships (PPP)
Public investment spending
Public debt
Debt sustainability
Expenditure
National accounts
External debt
Public-private sector cooperation
Public investments
Debts, Public
Saving and investment
Debts, External
ISBN 1-4755-5233-5
1-4755-7725-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Table of Contents; I. Introduction; II. The Model; A. Firms; A.1. Technology; A.2. Factor Demands; B. Consumers; C. The Government; C.1. Infrastructure, Public Investment and Efficiency; C.2. Fiscal Adjustment and the Public Sector Budget Constraint; D. Market-Clearing Conditions and External Debt Accumulation; III. Calibration of the Model; Tables; Table 1. Base Case Calibration; IV. The Long-Run Outcome; Table 2. Public Investment Scaling Up, Concessional Borrowing, and Grants; A. Insights from a Simplified Model; Figures; Figure 1. The Long-run Outcome in the Simplified Model
B. Numerical SolutionsTable 3. Long-run Effects of Scaling up Public Investment by 3 Percent of Initial GDP; V. The Medium-Term Fiscal and Macroeconomic Adjustments under Different Financing Schemes; A. Unconstrained Tax Adjustment; A.1. The Base Case; Figure 2. Base Case: Unconstrained Tax Adjustment; A.2. More Optimistic and Troublesome Scenarios; Figure 3. Unconstrained Tax Adjustment: Optimistic and Troublesome Scenarios; A.3. Gradually Increasing Transfers, Efficiency, and the Collection Rate of User Fees; Figure 4. Unconstrained Tax Adjustment: The Size of the Scaling Up
Figure 5. Unconstrained Tax Adjustment: Increasing TransfersB. Constrained Tax Adjustment Combined with External Commercial Borrowing; B.1. Tax Smoothing and Private Demand Crowding Out; Figure 6. Unconstrained Tax Adjustment versus Constrained Tax Adjustment with External Commercial Borrowing; B.2. Debt Blowups: Structural and Policy Conditions; Figure 7. Constrained Tax Adjustment with External Commercial Borrowing: Varying the Structural and Policy Conditions; C. Constrained Tax Adjustment Combined with Domestic Borrowing
Figure 8. Constrained Tax Adjustment: Domestic Borrowing versus External Commercial BorrowingVI. External Shocks and Risks; Figure 9. External TOT Shocks: Shocks Persistence and Financing Schemes; Figure 10. TFP and Risk Premium Shocks and Risks; VII. Concluding Remarks; Appendix A. On Public Investment Efficiency, Rates of Return, and Growth; References
Record Nr. UNINA-9910815644203321
Berg Andrew  
Washington, D.C. : , : International Monetary Fund, , 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
What makes growth sustained? [[electronic resource] /] / prepared by Andy Berg, Jonathan D. Ostry, and Jeromin Zettelmeyer
What makes growth sustained? [[electronic resource] /] / prepared by Andy Berg, Jonathan D. Ostry, and Jeromin Zettelmeyer
Autore Berg Andrew
Pubbl/distr/stampa [Washington, D.C.?], : International Monetary Fund, 2008
Descrizione fisica 1 online resource (35 p.)
Altri autori (Persone) OstryJonathan David <1962->
ZettelmeyerJeromin
Collana IMF working paper
Soggetto topico Economic development - Econometric models
Soggetto genere / forma Electronic books.
ISBN 1-4623-9011-0
1-4527-3496-8
1-282-84040-1
1-4518-6921-5
9786612840401
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; II. Structural Breaks and "Growth Spells"; A. Identifying Structural Breaks in Economic Growth; Tables; 1. Growth Breaks by Decade and Region; Figure; Frequency of Upbreaks and Downbreaks, by Region; B. From Structural Breaks to Growth Spells; 2. Frequency and Duration of Growth Spells; III. Analyzing the Duration of Growth Spells; 3. Average Growth Before, During and After Growth Spells; A. Empirical Strategy; B. Regression Methodology; C. Results; 4. Duration Regressions: External Shocks; 5. Duration Regressions: Institutions
6. Duration Regressions: Inequality and Franctionalization7. Duration Regressions: Social and Physical Indicators; 8. Duration Regressions: Globalization; 9. Duration Regressions: Current Account, Competitiveness, and Export Structure; 10. Duration Regressions: Macroeconomic Volatility; 11. Summary Regressions; IV. Conclusion; References
Record Nr. UNINA-9910464007403321
Berg Andrew  
[Washington, D.C.?], : International Monetary Fund, 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui