Balance of payments anti-crises [[electronic resource] /] / Michael Kumhof, Isabel Yan
| Balance of payments anti-crises [[electronic resource] /] / Michael Kumhof, Isabel Yan |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (23 p.) |
| Altri autori (Persone) | YanIsabel K |
| Collana | IMF working paper |
| Soggetto topico |
Balance of payments
Foreign exchange |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-3054-1
1-4527-3493-3 1-4518-7281-X 9786612843488 1-282-84348-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Contents; I. Introduction; II. The Model; A. Households; B. Firms; C. Government; D. Equilibrium; E. Government Revenue Shock; III. Model Solution; A. Parameter Values; B. Solution Method; IV. Anti-Crises; V. Conclusion; References; Figures; 1. China and Colombia-Reserves and Inflation; 2. Chile, Norway and Russia - Reserves and Inflation; 3. (a) Anti-Crisis - Overview; 3. (b) Anti-Crisis - Labor Market; 3. (c) Anti-Crisis - Government Budget; 3. (d) Anti-Crisis - Price Levels and Inflation Rates |
| Record Nr. | UNINA-9910463990503321 |
Kumhof Michael
|
||
| [Washington, D.C.], : International Monetary Fund, 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Chicago Plan Revisited / / Michael Kumhof, Jaromir Benes
| The Chicago Plan Revisited / / Michael Kumhof, Jaromir Benes |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (72 p.) |
| Altri autori (Persone) | BenesJaromir |
| Collana | IMF Working Papers |
| Soggetto topico |
Banking law - United States
Banks and banking - United States Banks and Banking Money and Monetary Policy Industries: Financial Services Public Finance Accounting Financial Markets and the Macroeconomy Monetary Policy Banks Depository Institutions Micro Finance Institutions Mortgages Monetary Policy, Central Banking, and the Supply of Money and Credit: General Financial Institutions and Services: Government Policy and Regulation Debt Debt Management Sovereign Debt Public Administration Public Sector Accounting and Audits Banking Monetary economics Finance Financial services law & regulation Public finance & taxation Financial reporting, financial statements Loans Credit Bank credit Capital adequacy requirements Money Financial institutions Public debt Financial statements Public financial management (PFM) Banks and banking Asset requirements Debts, Public Finance, Public |
| ISBN |
1-4755-8778-3
1-4755-3005-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. The Chicago Plan in the History of Monetary Thought; A. Government versus Private Control over Money Issuance; B. The Chicago Plan; III. The Model under the Current Monetary System; A. Banks; B. Lending Technologies; C. Transactions Cost Technologies; D. Equity Ownership and Dividends; E. Unconstrained Households; F. Constrained Households; G. Unions; H. Manufacturers; I. Capital Goods Producers; J. Capital Investment Funds; K. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; L. Market Clearing
IV. The Model under the Chicago PlanA. Banks; B. Households; C. Manufacturers; D. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; 5. Controlling Boom-Bust Cycles - Additional Considerations; V. Calibration; VI. Transition to the Chicago Plan; VII. Credit Booms and Busts Pre-Transition and Post-Transition; VIII. Conclusion; References; Figures; 1. Changes in Bank Balance Sheet in Transition Period (percent of GDP); 2. Changes in Government Balance Sheet in Transition Period (percent of GDP) 3. Changes in Bank Balance Sheet - Details (percent of GDP)4. Transition to Chicago Plan - Bank Balance Sheets; 5. Transition to Chicago Plan - Main Macroeconomic Variables; 6. Transition to Chicago Plan - Fiscal Variables; 7. Business Cycle Properties Pre-Transition versus Post-Transition |
| Record Nr. | UNINA-9910786481003321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Chicago Plan Revisited / / Michael Kumhof, Jaromir Benes
| The Chicago Plan Revisited / / Michael Kumhof, Jaromir Benes |
| Autore | Kumhof Michael |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (72 p.) |
| Disciplina | 332.1/52 |
| Altri autori (Persone) | BenesJaromir |
| Collana | IMF Working Papers |
| Soggetto topico |
Banking law - United States
Banks and banking - United States Accounting Asset requirements Bank credit Banking Banks and Banking Banks and banking Banks Capital adequacy requirements Credit Debt Management Debt Debts, Public Depository Institutions Finance Finance, Public Financial Institutions and Services: Government Policy and Regulation Financial institutions Financial Markets and the Macroeconomy Financial reporting, financial statements Financial services law & regulation Financial statements Industries: Financial Services Loans Micro Finance Institutions Monetary economics Monetary Policy Monetary Policy, Central Banking, and the Supply of Money and Credit: General Money and Monetary Policy Money Mortgages Public Administration Public debt Public finance & taxation Public Finance Public financial management (PFM) Public Sector Accounting and Audits Sovereign Debt |
| ISBN |
9781475587784
1475587783 9781475530056 1475530056 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. The Chicago Plan in the History of Monetary Thought; A. Government versus Private Control over Money Issuance; B. The Chicago Plan; III. The Model under the Current Monetary System; A. Banks; B. Lending Technologies; C. Transactions Cost Technologies; D. Equity Ownership and Dividends; E. Unconstrained Households; F. Constrained Households; G. Unions; H. Manufacturers; I. Capital Goods Producers; J. Capital Investment Funds; K. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; L. Market Clearing
IV. The Model under the Chicago PlanA. Banks; B. Households; C. Manufacturers; D. Government; 1. Monetary Policy; 2. Prudential Policy; 3. Fiscal Policy; 4. Government Budget Constraint; 5. Controlling Boom-Bust Cycles - Additional Considerations; V. Calibration; VI. Transition to the Chicago Plan; VII. Credit Booms and Busts Pre-Transition and Post-Transition; VIII. Conclusion; References; Figures; 1. Changes in Bank Balance Sheet in Transition Period (percent of GDP); 2. Changes in Government Balance Sheet in Transition Period (percent of GDP) 3. Changes in Bank Balance Sheet - Details (percent of GDP)4. Transition to Chicago Plan - Bank Balance Sheets; 5. Transition to Chicago Plan - Main Macroeconomic Variables; 6. Transition to Chicago Plan - Fiscal Variables; 7. Business Cycle Properties Pre-Transition versus Post-Transition |
| Record Nr. | UNINA-9910961226103321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Chile's structural fiscal surplus rule [[electronic resource] ] : a model-based evaluation / / prepared by Michael Kumhof and Douglas Laxton
| Chile's structural fiscal surplus rule [[electronic resource] ] : a model-based evaluation / / prepared by Michael Kumhof and Douglas Laxton |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | [Washington D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (56 p.) |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF working paper |
| Soggetto topico |
Fiscal policy - Chile
Finance, Public - Chile |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-4770-3
1-4527-2585-3 9786612843082 1-282-84308-7 1-4518-7235-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; Figures; 1. Goods and Factor Flows in GIMF; A. Overlapping Generations Households; B. Liquidity Constrained Households; C. Manufacturers; D. Copper Producers; E. Unions; F. Import Agents; G. Distributors; H. Retailers; I. Government; J. Equilibrium and Balance of Payments; III. Calibration; IV. Choice of Countercyclical Coefficients; Tables; 1. Fiscal Policy Rules and Macroeconomic Volatility; 2. Policy Efficiency Frontiers; V. Choice of Surplus Target; 3. SFS Rule - Survey; 4. SFS Rule - Fiscal Accounts; 5. Balanced Budget Rule - Survey
6. Balanced Budget Rule - Fiscal Accounts7. Aggressive Countercyclical Rule - Survey; 8. Aggressive Countercyclical Rule - Fiscal Accounts; 9. Surplus Target Shock - Survey; 10. Surplus Target Shock - Fiscal; VI. Summary; References; Appendices; 1. Population Growth; 2. Optimality Conditions for OLG Households; 3. Consumption and Wealth; 4. Optimality for Manufacturing Firms |
| Record Nr. | UNINA-9910464068503321 |
Kumhof Michael
|
||
| [Washington D.C.], : International Monetary Fund, 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Chile’s Structural Fiscal Surplus Rule : : A Model-Based Evaluation / / Michael Kumhof, Douglas Laxton
| Chile’s Structural Fiscal Surplus Rule : : A Model-Based Evaluation / / Michael Kumhof, Douglas Laxton |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (56 p.) |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF Working Papers |
| Soggetto topico |
Fiscal policy - Chile
Finance, Public - Chile Investments: Metals Inflation Macroeconomics Public Finance Metals and Metal Products Cement Glass Ceramics Macroeconomics: Consumption Saving Wealth Labor Economics: General Price Level Deflation Taxation, Subsidies, and Revenue: General Investment & securities Labour income economics Public finance & taxation Copper Consumption Labor Revenue administration Economics Labor economics Prices Revenue |
| ISBN |
1-4623-4770-3
1-4527-2585-3 9786612843082 1-282-84308-7 1-4518-7235-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; Figures; 1. Goods and Factor Flows in GIMF; A. Overlapping Generations Households; B. Liquidity Constrained Households; C. Manufacturers; D. Copper Producers; E. Unions; F. Import Agents; G. Distributors; H. Retailers; I. Government; J. Equilibrium and Balance of Payments; III. Calibration; IV. Choice of Countercyclical Coefficients; Tables; 1. Fiscal Policy Rules and Macroeconomic Volatility; 2. Policy Efficiency Frontiers; V. Choice of Surplus Target; 3. SFS Rule - Survey; 4. SFS Rule - Fiscal Accounts; 5. Balanced Budget Rule - Survey
6. Balanced Budget Rule - Fiscal Accounts7. Aggressive Countercyclical Rule - Survey; 8. Aggressive Countercyclical Rule - Fiscal Accounts; 9. Surplus Target Shock - Survey; 10. Surplus Target Shock - Fiscal; VI. Summary; References; Appendices; 1. Population Growth; 2. Optimality Conditions for OLG Households; 3. Consumption and Wealth; 4. Optimality for Manufacturing Firms |
| Record Nr. | UNINA-9910788338103321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Chile’s Structural Fiscal Surplus Rule : : A Model-Based Evaluation / / Michael Kumhof, Douglas Laxton
| Chile’s Structural Fiscal Surplus Rule : : A Model-Based Evaluation / / Michael Kumhof, Douglas Laxton |
| Autore | Kumhof Michael |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (56 p.) |
| Disciplina | 332.152 |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF Working Papers |
| Soggetto topico |
Fiscal policy - Chile
Finance, Public - Chile Cement Ceramics Consumption Copper Deflation Economics Glass Income economics Inflation Investment & securities Investments: Metals Labor economics Labor Economics: General Labor Labour Macroeconomics Macroeconomics: Consumption Metals and Metal Products Price Level Prices Public finance & taxation Public Finance Revenue administration Revenue Saving Taxation, Subsidies, and Revenue: General Wealth |
| ISBN |
9786612843082
9781462347704 1462347703 9781452725857 1452725853 9781282843080 1282843087 9781451872354 1451872356 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; Figures; 1. Goods and Factor Flows in GIMF; A. Overlapping Generations Households; B. Liquidity Constrained Households; C. Manufacturers; D. Copper Producers; E. Unions; F. Import Agents; G. Distributors; H. Retailers; I. Government; J. Equilibrium and Balance of Payments; III. Calibration; IV. Choice of Countercyclical Coefficients; Tables; 1. Fiscal Policy Rules and Macroeconomic Volatility; 2. Policy Efficiency Frontiers; V. Choice of Surplus Target; 3. SFS Rule - Survey; 4. SFS Rule - Fiscal Accounts; 5. Balanced Budget Rule - Survey
6. Balanced Budget Rule - Fiscal Accounts7. Aggressive Countercyclical Rule - Survey; 8. Aggressive Countercyclical Rule - Fiscal Accounts; 9. Surplus Target Shock - Survey; 10. Surplus Target Shock - Fiscal; VI. Summary; References; Appendices; 1. Population Growth; 2. Optimality Conditions for OLG Households; 3. Consumption and Wealth; 4. Optimality for Manufacturing Firms |
| Record Nr. | UNINA-9910961807303321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Fiscal deficits and current account deficits [[electronic resource] /] / prepared by Michael Kumhof and Douglas Laxton
| Fiscal deficits and current account deficits [[electronic resource] /] / prepared by Michael Kumhof and Douglas Laxton |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, Research Dept., 2009 |
| Descrizione fisica | 23 p. : ill |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF working paper |
| Soggetto topico |
Finance, Public - Econometric models
Debts, Public Accounts current Fiscal policy |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-1641-7
9786612844386 1-4527-0667-0 1-4518-7384-0 1-282-84438-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910463693203321 |
Kumhof Michael
|
||
| [Washington, D.C.], : International Monetary Fund, Research Dept., 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Fiscal Deficits and Current Account Deficits / / Michael Kumhof, Douglas Laxton
| Fiscal Deficits and Current Account Deficits / / Michael Kumhof, Douglas Laxton |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 23 p. : ill |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF Working Papers |
| Soggetto topico |
Finance, Public - Econometric models
Debts, Public Accounts current Fiscal policy Banks and Banking Exports and Imports Public Finance Interest Rates: Determination, Term Structure, and Effects Debt Debt Management Sovereign Debt Current Account Adjustment Short-term Capital Movements Finance Public finance & taxation International economics Real interest rates Government debt management Public debt Current account Current account deficits Interest rates Balance of payments |
| ISBN |
1-4623-1641-7
9786612844386 1-4527-0667-0 1-4518-7384-0 1-282-84438-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788224003321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Fiscal Deficits and Current Account Deficits / / Michael Kumhof, Douglas Laxton
| Fiscal Deficits and Current Account Deficits / / Michael Kumhof, Douglas Laxton |
| Autore | Kumhof Michael |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 23 p. : ill |
| Disciplina | 338.973 |
| Altri autori (Persone) | LaxtonDouglas |
| Collana | IMF Working Papers |
| Soggetto topico |
Finance, Public - Econometric models
Debts, Public Accounts current Fiscal policy Balance of payments Banks and Banking Current Account Adjustment Current account deficits Current account Debt Management Debt Exports and Imports Finance Government debt management Interest rates Interest Rates: Determination, Term Structure, and Effects International economics Public debt Public finance & taxation Public Finance Real interest rates Short-term Capital Movements Sovereign Debt |
| ISBN |
9786612844386
9781462316410 1462316417 9781452706672 1452706670 9781451873849 1451873840 9781282844384 1282844385 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Cover Page -- Title Page -- Copyright Page -- Contents -- I. Introduction -- 1. IMF WEO and CBO Baseline Deficit and Debt Projections for the United States -- 2. CBO Long-Term Projections for U.S. Fiscal Deficits and Debt -- II. The Model -- A. Households -- 3. Dissaving and the Role of the Planning Horizon -- B. Firms -- 1. Manufacturers -- 2. Distributors -- 3. Retailers -- C. Government -- 1. Budget Constraint -- 2. Fiscal Policy -- 3. Monetary Policy -- D. Equilibrium and Balance of Payments -- III. Calibration -- IV. Permanent Increases in Fiscal Deficits -- A. U.S. Fiscal Deficits -- 4. One Percentage Point Deficit Shock, Instrument = Taxation, Part I -- 5. One Percentage Point Deficit Shock, Instrument = Taxation, Part II -- 6. One Percentage Point Deficit Shock, Instrument = Taxation, Part III -- 7. Current Account Deficit and the Planning Horizon -- 8. Real Interest Rate and the Planning Horizon -- B. Sensitivity Analysis -- C. Small Open Economies -- 9. One Percentage Point Deficit Shock in a Small Open Economy -- 10. Large Open Economy Dissaving -- 11. Small Open Economy Dissaving -- V. Conclusion -- References -- Footnotes. |
| Record Nr. | UNINA-9910971217203321 |
Kumhof Michael
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
International currency portfolios [[electronic resource] /] / Michael Kumhof
| International currency portfolios [[electronic resource] /] / Michael Kumhof |
| Autore | Kumhof Michael |
| Pubbl/distr/stampa | [Washington, D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (37 p.) |
| Collana | IMF working paper |
| Soggetto topico |
Fiscal policy
Open market operations |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-3660-4
1-4527-3292-2 1-4518-7196-1 9786612842702 1-282-84270-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Uncertainty; 1. Exogenous Processes; 2. Endogenous Processes; B. Households; C. Government; D. Equilibrium and Current Account; E. Interpretation of the Portfolio Share Equations; F. Equilibrium Diffusions; G. Computation of Equilibrium; H. Government Bond Market Interventions; III. The Baseline Economy; A. Calibration; B. Baseline Portfolio Equilibrium; IV. Comparing Alternative Economies; A. Standard Deviation of Monetary Shocks; B. Standard Deviation of Fiscal Shocks; C. Government Debt to GDP Ratios; V. Open Market Operations in Government Debt
VI. Conclusions Figures; 1. Household and Government Balance Sheets; 2. Effects of Money Supply Volatility, phi=phistar=1; 3. Effects of Money Supply Volatility, phi=phistar=0; 4. Effects of Government Spending Volatility, phi=phistar=1; 5. Effects of Government Debt, phi=phistar=1; 6. Home Open Market Operations, phi=phistar=1; 7. Home Open Market Operations, phi=phistar=0; 8. Home Open Market Operations, Large Gross FX Positions; References |
| Record Nr. | UNINA-9910464061103321 |
Kumhof Michael
|
||
| [Washington, D.C.], : International Monetary Fund, 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||