Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York |
Autore | Iossifov Plamen |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 57 p. : ill |
Altri autori (Persone) |
TakebeMisa
ZhanZaijin KinoshitaNoriaki YorkRobert |
Collana | IMF Working Papers |
Soggetto topico |
Monetary policy - Africa, Central
Monetary unions - Africa, Central Banks and banking - Africa, Central Investments: Energy Macroeconomics Public Finance Taxation Fiscal Policy Business Taxes and Subsidies Energy: General National Government Expenditures and Related Policies: General Public finance & taxation Investment & securities Fiscal stance Fiscal policy Oil, gas and mining taxes Oil Expenditure Petroleum industry and trade Expenditures, Public |
ISBN |
1-4623-9309-8
1-282-84492-X 9786612844928 1-4519-4202-8 1-4527-5611-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910788222703321 |
Iossifov Plamen | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York |
Autore | Iossifov Plamen |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 57 p. : ill |
Disciplina | 332.4;332.496751 |
Altri autori (Persone) |
TakebeMisa
ZhanZaijin KinoshitaNoriaki YorkRobert |
Collana | IMF Working Papers |
Soggetto topico |
Monetary policy - Africa, Central
Monetary unions - Africa, Central Banks and banking - Africa, Central Investments: Energy Macroeconomics Public Finance Taxation Fiscal Policy Business Taxes and Subsidies Energy: General National Government Expenditures and Related Policies: General Public finance & taxation Investment & securities Fiscal stance Fiscal policy Oil, gas and mining taxes Oil Expenditure Petroleum industry and trade Expenditures, Public |
ISBN |
1-4623-9309-8
1-282-84492-X 9786612844928 1-4519-4202-8 1-4527-5611-2 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Intro -- Contents -- Executive Summary -- I. Introduction -- II. Institutional Background and Features -- A. Macroeconomic Policies in the CEMAC Region -- B. Policy Coordination and Surveillance -- III. Improving the Measures of Fiscal Surveillance -- A. Fiscal Policy Objectives and Indicators -- B. Indicators of Policy Stance and Policy Change -- C. Indicators of Sustainability -- D. Implications for Fiscal Surveillance -- IV. External Shocks and the Convergence Criteria -- A. External Shocks and Growth -- B. The Efficacy of Fiscal Policies in Mitigating Shocks -- C. Implications for Regional Surveillance -- V. External Stability Considerations and Regional Surveillance -- A. Consistency of the CEMAC Fiscal Convergence Criteria with External Stability -- B. The Desirability of a Foreign Reserves Target -- C. Long-run Considerations in Regional Surveillance -- VI. Summary and Policy Implications -- Boxes -- 1. Brief Economic History of the Central African CFA Zone -- 2. Overview of the Optimum Currency Area Literature -- 3. BEAC Monetary Programming -- 4. Characteristics of Oil Revenue in the CEMAC -- 5. CEMAC Convergence Criteria -- 6. Fiscal Stance and Fiscal Impulse -- 7. The Primary Gap Measure -- 8. Constant Fiscal Expenditure Rule for Oil Producing Countries -- 9. Measuring the Impact of Exogenous Shocks on the Non-oil Economy -- 10. Measuring the Impact of Counter-Cyclical Fiscal Policies on the Non-oil Economy -- Tables -- 1. CEMAC Fiscal Developments and the Fiscal Convergence Criteria, 1998-2008 -- 2. A Comparison of CEMAC Fiscal Indicators, 2000-08 (in percent of GDP) -- 3. A Comparison of CEMAC Fiscal Indicators, 2000- -- 4. Primary Gap Measures Across the CEMAC, 1998-2008 -- 5. CEMAC Long-term Macroeconomic Assumptions -- 6. CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-48.
7. Real Non-oil GDP Growth in CEMAC Countries, 1980-2008 -- 8. Correlation of Real GDP Growth Among CEMAC Countries, 1980-2008 -- 9. Triggers of Recessions in CEMAC Countries, selected periods -- 10. Correlation Between Non-oil Real GDP and External Factors, 1980-2008 -- 11. Correlation Between GDP, Public Expenditure, and Non-oil Revenue -- 12. Average Share of Non-oil Revenue and Expenditure in Non-oil GDP, 1980-2008 -- 13. Variance Decomposition of Real GDP by Types of Shocks -- 14. CEMAC Share of Oil Revenue in Total Revenue and Correlation Between Fiscal and External Balances -- 15. CEMAC Currency Coverage Ratio, 2000-08 -- 16. CEMAC Gross Official Reserves, 2000-08 -- Figures -- 1. CEMAC Real and Fiscal Developments, 1969-2008 -- 2. CEMAC Terms of Trade and Balance of Payments Developments, 1969-2008 -- 3. CEMAC Net International Reserve Coverage of Imports, 1995-2008 -- 4. CEMAC Fiscal Policy and Procyclicality vis-à-vis Oil Revenue, 1980-2008 -- 5. Nominal and Real Crude Oil (Spot) Prices, 1970-2014 -- 6. CEMAC Non-oil Real GDP Growth and the Fiscal Impulse, 1995-2008 -- 7. CEMAC External Debt and the Primary Gap, 1998-2008 -- 8. CEMAC Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-13 -- 9. CEMAC Sensitivity of the Sustainable Non-oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13 -- 10. Terms of Trade and Real Effective Exchange Rates, 1980-2008 -- 11. Impulse Response of Output to a One Standard Deviation Change in Terms of Trade and Real Effective Exchange Rate Shocks -- 12. Impulse Response of Output to a One Standard Deviation Change in Revenue and Spending Shocks -- 13. CEMAC Overall Fiscal Balance and External Current Account Balance, 1996-2008 -- 14. CEMAC Countries Overall Fiscal Balance and External Current Account Balance, 1996-2008. 15. CEMAC Foreign Assets of BEAC and Government Deposits at BEAC, 1995-2008 -- Appendix -- Linkages Between Fiscal and Monetary Policies in a Non-Renewable Resource Producer under a Fixed Exchange Rate -- References. |
Record Nr. | UNINA-9910829093903321 |
Iossifov Plamen | ||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Interest rate elasticity of residential housing prices / / Plamen Iossifov, Martin Čihák, and Amar Shanghavi ; authorized for distribution by Cyrille Briançon |
Autore | Iossifov Plamen |
Pubbl/distr/stampa | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (34 p.) |
Disciplina | 332.82 |
Altri autori (Persone) |
ČihákMartin
ShanghaviAmar BriançonCyrille |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Interest rates - Econometric models
Elasticity (Economics) - Econometric models Housing - Prices - Econometric models |
Soggetto genere / forma | Electronic books. |
ISBN |
1-4623-0735-3
1-4527-6118-3 9786612841989 1-4518-7105-8 1-282-84198-X |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Literature Overview; III. Regression Analysis; A. Choice of Explanatory Variables; B. Panel Data Regression Analysis; Tables; 1. 3SLS Estimates of the Residential Housing Price Equation in First-Differences; C. Cross-Section Regression Analysis; 2. OLS Estimates of the Housing Price Equation Using Cross-Country Data; D. Preferred Estimate of the Interest Rate Elasticity of Housing Prices; IV. Conclusion; References; Appendices; I. Survey of Studies of Determinants of Housing Prices; II. Variables Definitions and Data Sources; Appendix Tables
1. Variables Definitions and Data SourcesAppendix Figures; 1. Real Residential Housing Price Indices, 1980-2007; 2. Scatter Plots of Residential Housing Prices on Fundamental Determinants; III. Additional Regression Output; 2. Within (Fixed Effects) Estimates of the Residential Housing Price Equation; 3. OLS and Within Estimates of Unrestricted Residential Housing Price Equation; 4. IV and GMM Panel Data Estimates of the Residential Housing Price Equation in First- Differences; 5. OLS Estimates of the Effect of Fundamentals on Residential Housing Prices in Cross- Country Data |
Record Nr. | UNINA-9910463613403321 |
Iossifov Plamen | ||
[Washington, District of Columbia] : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Interest Rate Elasticity of Residential Housing Prices / / Plamen Iossifov, Martin Cihak, Amar Shanghavi |
Autore | Iossifov Plamen |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (34 p.) |
Disciplina | 332.82 |
Altri autori (Persone) |
CihakMartin
ShanghaviAmar |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Interest rates - Econometric models
Elasticity (Economics) - Econometric models Housing - Prices - Econometric models Banks and Banking Infrastructure Real Estate Industries: Financial Services Housing Supply and Markets Economic Development: Urban, Rural, Regional, and Transportation Analysis Housing Interest Rates: Determination, Term Structure, and Effects Real Estate Markets, Spatial Production Analysis, and Firm Location: General Banks Depository Institutions Micro Finance Institutions Mortgages Property & real estate Macroeconomics Finance Housing prices Short term interest rates Real estate prices Prices Saving and investment Interest rates |
ISBN |
1-4623-0735-3
1-4527-6118-3 9786612841989 1-4518-7105-8 1-282-84198-X |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Literature Overview; III. Regression Analysis; A. Choice of Explanatory Variables; B. Panel Data Regression Analysis; Tables; 1. 3SLS Estimates of the Residential Housing Price Equation in First-Differences; C. Cross-Section Regression Analysis; 2. OLS Estimates of the Housing Price Equation Using Cross-Country Data; D. Preferred Estimate of the Interest Rate Elasticity of Housing Prices; IV. Conclusion; References; Appendices; I. Survey of Studies of Determinants of Housing Prices; II. Variables Definitions and Data Sources; Appendix Tables
1. Variables Definitions and Data SourcesAppendix Figures; 1. Real Residential Housing Price Indices, 1980-2007; 2. Scatter Plots of Residential Housing Prices on Fundamental Determinants; III. Additional Regression Output; 2. Within (Fixed Effects) Estimates of the Residential Housing Price Equation; 3. OLS and Within Estimates of Unrestricted Residential Housing Price Equation; 4. IV and GMM Panel Data Estimates of the Residential Housing Price Equation in First- Differences; 5. OLS Estimates of the Effect of Fundamentals on Residential Housing Prices in Cross- Country Data |
Record Nr. | UNINA-9910788343903321 |
Iossifov Plamen | ||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
Interest Rate Elasticity of Residential Housing Prices / / Plamen Iossifov, Martin Cihak, Amar Shanghavi |
Autore | Iossifov Plamen |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
Descrizione fisica | 1 online resource (34 p.) |
Disciplina | 332.82 |
Altri autori (Persone) |
CihakMartin
ShanghaviAmar |
Collana |
IMF Working Papers
IMF working paper |
Soggetto topico |
Interest rates - Econometric models
Elasticity (Economics) - Econometric models Housing - Prices - Econometric models Banks and Banking Infrastructure Real Estate Industries: Financial Services Housing Supply and Markets Economic Development: Urban, Rural, Regional, and Transportation Analysis Housing Interest Rates: Determination, Term Structure, and Effects Real Estate Markets, Spatial Production Analysis, and Firm Location: General Banks Depository Institutions Micro Finance Institutions Mortgages Property & real estate Macroeconomics Finance Housing prices Short term interest rates Real estate prices Prices Saving and investment Interest rates |
ISBN |
1-4623-0735-3
1-4527-6118-3 9786612841989 1-4518-7105-8 1-282-84198-X |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. Literature Overview; III. Regression Analysis; A. Choice of Explanatory Variables; B. Panel Data Regression Analysis; Tables; 1. 3SLS Estimates of the Residential Housing Price Equation in First-Differences; C. Cross-Section Regression Analysis; 2. OLS Estimates of the Housing Price Equation Using Cross-Country Data; D. Preferred Estimate of the Interest Rate Elasticity of Housing Prices; IV. Conclusion; References; Appendices; I. Survey of Studies of Determinants of Housing Prices; II. Variables Definitions and Data Sources; Appendix Tables
1. Variables Definitions and Data SourcesAppendix Figures; 1. Real Residential Housing Price Indices, 1980-2007; 2. Scatter Plots of Residential Housing Prices on Fundamental Determinants; III. Additional Regression Output; 2. Within (Fixed Effects) Estimates of the Residential Housing Price Equation; 3. OLS and Within Estimates of Unrestricted Residential Housing Price Equation; 4. IV and GMM Panel Data Estimates of the Residential Housing Price Equation in First- Differences; 5. OLS Estimates of the Effect of Fundamentals on Residential Housing Prices in Cross- Country Data |
Record Nr. | UNINA-9910810966503321 |
Iossifov Plamen | ||
Washington, D.C. : , : International Monetary Fund, , 2008 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|