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Dissecting Taylor Rules in a Structural VAR / / Woon Choi, Yi Wen
| Dissecting Taylor Rules in a Structural VAR / / Woon Choi, Yi Wen |
| Autore | Choi Woon |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2010 |
| Descrizione fisica | 26 p. : ill |
| Altri autori (Persone) | WenYi |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Mathematical models
Taylor's rule Banks and Banking Inflation Macroeconomics Economic Theory Model Construction and Estimation Monetary Policy Price Level Deflation Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Interest Rates: Determination, Term Structure, and Effects Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) Economic theory & philosophy Banking Economic growth Production growth Supply shocks Central bank policy rate Business cycles Production Economic theory Financial services Supply and demand Interest rates |
| ISBN |
1-4623-1640-9
9786612845284 1-4527-0464-3 1-4519-6229-0 1-282-84528-4 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910788310703321 |
Choi Woon
|
||
| Washington, D.C. : , : International Monetary Fund, , 2010 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Dissecting Taylor Rules in a Structural VAR / / Woon Choi, Yi Wen
| Dissecting Taylor Rules in a Structural VAR / / Woon Choi, Yi Wen |
| Autore | Choi Woon |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2010 |
| Descrizione fisica | 26 p. : ill |
| Disciplina | 332.15238 |
| Altri autori (Persone) | WenYi |
| Collana | IMF Working Papers |
| Soggetto topico |
Monetary policy - Mathematical models
Taylor's rule Banks and Banking Inflation Macroeconomics Economic Theory Model Construction and Estimation Monetary Policy Price Level Deflation Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Interest Rates: Determination, Term Structure, and Effects Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) Economic theory & philosophy Banking Economic growth Production growth Supply shocks Central bank policy rate Business cycles Production Economic theory Financial services Supply and demand Interest rates |
| ISBN |
1-4623-1640-9
9786612845284 1-4527-0464-3 1-4519-6229-0 1-282-84528-4 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Intro -- Contents -- I. Introduction -- II. Econometric Framework for New Taylor Rules -- A. Identification -- B. Uncovering New Taylor Rules -- III. Empirical Results -- A. Data -- B. Impulse Responses and Historical Decompositions -- C. Spectra of Structural Shocks -- D. Uncovering and Dissecting Taylor Rules -- IV. Counterfactual Experiments -- V. Conclusion -- References -- Tables -- 1. Spectral Decompositions of Volatility at Frequency Ranges -- 2. Policy Coefficients in New Taylor Rules -- 3. Conventional Taylor Rules: GMM Estimation -- Figures -- 1. Output Growth, Inflation, and Interest Rate -- 2. Impulse Responses to Shocks -- 3. Historical Decompositions of Variables by Shocks and Distributions -- 4. Time Profiles of Taylor Rule Coefficients -- 5. Effects of the Contemporaneous Rule: Counterfactual Simulation -- 6. Impacts of the Contemporaneous Rule on Variance: Spectral Decomposition. |
| Record Nr. | UNINA-9910818982603321 |
|
Choi Woon
|
||
| Washington, D.C. : , : International Monetary Fund, , 2010 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Emigration and Wages in Source Countries : : Evidence From Mexico / / Prachi Mishra
| Emigration and Wages in Source Countries : : Evidence From Mexico / / Prachi Mishra |
| Autore | Mishra Prachi |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (35 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Wage differentials - Mexico - Econometric models
Wages - Mexico - Econometric models Labor Economic Theory Emigration and Immigration International Migration Wage Level and Structure Wage Differentials International Factor Movements and International Business: General Education: General Wages, Compensation, and Labor Costs: General Agriculture: Aggregate Supply and Demand Analysis Prices Labor Force and Employment, Size, and Structure Migration, immigration & emigration Labour income economics Education Economic theory & philosophy Migration Wages Supply shocks Labor force Population and demographics Economic theory Emigration and immigration Supply and demand Labor market |
| ISBN |
1-4623-2963-2
1-4519-9340-4 1-283-51404-4 1-4519-0881-4 9786613826497 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL FRAMEWORK ""; ""III. DATA AND EVIDENCE""; ""IV. RESULTS AND INTERPRETATION""; ""V. IMPLICATIONS OF THE RESULTS""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910788414303321 |
|
Mishra Prachi
|
||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Emigration and Wages in Source Countries : : Evidence From Mexico / / Prachi Mishra
| Emigration and Wages in Source Countries : : Evidence From Mexico / / Prachi Mishra |
| Autore | Mishra Prachi |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica | 1 online resource (35 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Wage differentials - Mexico - Econometric models
Wages - Mexico - Econometric models Labor Economic Theory Emigration and Immigration International Migration Wage Level and Structure Wage Differentials International Factor Movements and International Business: General Education: General Wages, Compensation, and Labor Costs: General Agriculture: Aggregate Supply and Demand Analysis Prices Labor Force and Employment, Size, and Structure Migration, immigration & emigration Labour income economics Education Economic theory & philosophy Migration Wages Supply shocks Labor force Population and demographics Economic theory Emigration and immigration Supply and demand Labor market |
| ISBN |
1-4623-2963-2
1-4519-9340-4 1-283-51404-4 1-4519-0881-4 9786613826497 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL FRAMEWORK ""; ""III. DATA AND EVIDENCE""; ""IV. RESULTS AND INTERPRETATION""; ""V. IMPLICATIONS OF THE RESULTS""; ""VI. CONCLUSIONS""; ""REFERENCES"" |
| Record Nr. | UNINA-9910811446103321 |
|
Mishra Prachi
|
||
| Washington, D.C. : , : International Monetary Fund, , 2006 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Exploring the Dynamics of Global Liquidity / / Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh, Sergejs Saksonovs, Hyun Shin
| Exploring the Dynamics of Global Liquidity / / Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh, Sergejs Saksonovs, Hyun Shin |
| Autore | Chen Sally |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (48 p.) |
| Altri autori (Persone) |
LiuPhilip
MaechlerAndrea MarshChris SaksonovsSergejs ShinHyun |
| Collana | IMF Working Papers |
| Soggetto topico |
Liquidity (Economics)
Economic development Accounting Finance: General Macroeconomics Economic Theory Financial Crises International Financial Markets General Financial Markets: Government Policy and Regulation Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill 'Panel Data Models Spatio-temporal Models' Portfolio Choice Investment Decisions Agriculture: Aggregate Supply and Demand Analysis Prices Public Administration Public Sector Accounting and Audits Finance Economic theory & philosophy Financial reporting, financial statements Economic & financial crises & disasters Liquidity International liquidity Supply shocks Financial statements Global financial crisis of 2008-2009 Asset and liability management Economic theory Public financial management (PFM) Financial crises Economics International finance Supply and demand Finance, Public Global Financial Crisis, 2008-2009 |
| ISBN |
1-4755-1281-3
1-4755-1280-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Literature Review; III. A New Approach to Measuring Global Liquidity; A. Quantity Measures; B. Price Measures; IV. Identifying Drivers of Global Liquidity; A. Aggregate Trends of Core and Noncore Global Liquidity; B. Country-specific Trends of Core and Noncore Liabilities; C. Trends in External Liabilities of Countries to BIS Reporting Banks; V. The Real Impact of Global Liquidity; VI. Conclusion; Boxes; 1. Estimation of the Noncore Liquidity Price Index; 2. Indentifying Demand and Supply Shocks
3. A Panel Regression Approach to Assessing the Real Impact of Global Liquidity4. A VAR Approach to Assessing the Real Impact of Global Liquidity; Figures; 1. Total G4 Liquidity in Trillion Dollars and As a Ratio to GDP; 2. National Measures of the Quantity of Liquidity, Ratio to National Nominal GDP; 3. National Measures of the Quantity of Liquidity, Trillion US dollars; 4. Total External Liabilities to BIS Reporting Banks; 5. Nominal GDP Growth Rates; 6. Supply and Demand Shocks, Quantity and Price of Core Global Liquidity 7. Supply and Demand Shocks, Quantity and Price of Noncore Global Liquidity8. Supply and Demand Shocks to Liquidity: United States and Euro Area; 9. Country-Specific Supply and Demand Shocks: United Kingdom and Japan; 10. Supply and Demand Shocks: External Liabilities of G4 Economies; 11. Supply and Demand Shocks: External Liabilities of other countries to BIS Reporting Banks; 12. Impact of Core Demand Shock on Real GDP; 13. Impact of Core Supply Shock on Real GDP; 14. Impact of Noncore Demand Shock on Real GDP; 15. Impact of Noncore Supply Shock on Real GDP; Tables 1. Unit Root Tests of Liquidity Price and Quantity Indicators2. Estimation of Linear Trends; 3. Impact of Funding Shocks on Growth: Benchmark Model; 4. Impact of Funding Shocks on Growth: Separate Time Periods; 5. Impact of Funding Shocks on Growth: G4-Specific Impacts, Q1 1999-Q1 2011; Appendix: Measuring G4 Core and Noncore Liabilities; References |
| Record Nr. | UNINA-9910786480803321 |
|
Chen Sally
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Exploring the Dynamics of Global Liquidity / / Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh, Sergejs Saksonovs, Hyun Shin
| Exploring the Dynamics of Global Liquidity / / Sally Chen, Philip Liu, Andrea Maechler, Chris Marsh, Sergejs Saksonovs, Hyun Shin |
| Autore | Chen Sally |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (48 p.) |
| Disciplina | 332.1532 |
| Altri autori (Persone) |
LiuPhilip
MaechlerAndrea MarshChris SaksonovsSergejs ShinHyun |
| Collana | IMF Working Papers |
| Soggetto topico |
Liquidity (Economics)
Economic development Accounting Finance: General Macroeconomics Economic Theory Financial Crises International Financial Markets General Financial Markets: Government Policy and Regulation Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill 'Panel Data Models Spatio-temporal Models' Portfolio Choice Investment Decisions Agriculture: Aggregate Supply and Demand Analysis Prices Public Administration Public Sector Accounting and Audits Finance Economic theory & philosophy Financial reporting, financial statements Economic & financial crises & disasters Liquidity International liquidity Supply shocks Financial statements Global financial crisis of 2008-2009 Asset and liability management Economic theory Public financial management (PFM) Financial crises Economics International finance Supply and demand Finance, Public Global Financial Crisis, 2008-2009 |
| ISBN |
1-4755-1281-3
1-4755-1280-5 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; II. Literature Review; III. A New Approach to Measuring Global Liquidity; A. Quantity Measures; B. Price Measures; IV. Identifying Drivers of Global Liquidity; A. Aggregate Trends of Core and Noncore Global Liquidity; B. Country-specific Trends of Core and Noncore Liabilities; C. Trends in External Liabilities of Countries to BIS Reporting Banks; V. The Real Impact of Global Liquidity; VI. Conclusion; Boxes; 1. Estimation of the Noncore Liquidity Price Index; 2. Indentifying Demand and Supply Shocks
3. A Panel Regression Approach to Assessing the Real Impact of Global Liquidity4. A VAR Approach to Assessing the Real Impact of Global Liquidity; Figures; 1. Total G4 Liquidity in Trillion Dollars and As a Ratio to GDP; 2. National Measures of the Quantity of Liquidity, Ratio to National Nominal GDP; 3. National Measures of the Quantity of Liquidity, Trillion US dollars; 4. Total External Liabilities to BIS Reporting Banks; 5. Nominal GDP Growth Rates; 6. Supply and Demand Shocks, Quantity and Price of Core Global Liquidity 7. Supply and Demand Shocks, Quantity and Price of Noncore Global Liquidity8. Supply and Demand Shocks to Liquidity: United States and Euro Area; 9. Country-Specific Supply and Demand Shocks: United Kingdom and Japan; 10. Supply and Demand Shocks: External Liabilities of G4 Economies; 11. Supply and Demand Shocks: External Liabilities of other countries to BIS Reporting Banks; 12. Impact of Core Demand Shock on Real GDP; 13. Impact of Core Supply Shock on Real GDP; 14. Impact of Noncore Demand Shock on Real GDP; 15. Impact of Noncore Supply Shock on Real GDP; Tables 1. Unit Root Tests of Liquidity Price and Quantity Indicators2. Estimation of Linear Trends; 3. Impact of Funding Shocks on Growth: Benchmark Model; 4. Impact of Funding Shocks on Growth: Separate Time Periods; 5. Impact of Funding Shocks on Growth: G4-Specific Impacts, Q1 1999-Q1 2011; Appendix: Measuring G4 Core and Noncore Liabilities; References |
| Record Nr. | UNINA-9910820496503321 |
|
Chen Sally
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Inflation Dynamics in Mongolia : : Understanding the Roller Coaster / / Julia Bersch, Steven Barnett, Yasuhisa Ojima
| Inflation Dynamics in Mongolia : : Understanding the Roller Coaster / / Julia Bersch, Steven Barnett, Yasuhisa Ojima |
| Autore | Bersch Julia |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (22 p.) |
| Altri autori (Persone) |
BarnettSteven
OjimaYasuhisa |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Inflation (Finance) - Mongolia
Finance - Mongolia Inflation Macroeconomics Economic Theory Price Level Deflation Business Fluctuations Cycles Time-Series Models Dynamic Quantile Regressions Dynamic Treatment Effect Models Diffusion Processes Agriculture: Aggregate Supply and Demand Analysis Prices Economic theory & philosophy Food prices Consumer price indexes Supply shocks Price controls Economic theory Price indexes Supply and demand Government policy |
| ISBN |
1-4755-9827-0
1-4755-3267-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; Figures; 1. Inflation: Headline CPI; 2. Inflation, 1995-2010; II. A Closer Look at the Consumer Price Index; 3. Export Earnings and Fiscal Spending; 4. Administered Price Changes; 5. Inflation: Contributions to Change; 6. Inflation Rates; Tables; 1. Descriptive Statistics of the Overall Inflation Rate and the Main Subcomponents; 7 Seasonal Factors; 8. Inflation Rates (In percent, seasonally adjuted annualized rate month-on-month); 9. Inflation Rates (In percent, seasonally adjusted annualized rate)
III. Understanding Inflation Through its Time Series PropertiesA. Inflation Persistence and Expectations; 2. Persistence in CPI and its Subcomponents; 10. Inflation: Persistence Shocks; 3. Mongolia and Other Copper Producers; B. Vector Auto-Regression (VAR) Analysis; 11 Impulse Response Functions; IV. Demand-pull Factor of Inflation; A. The Role of Fiscal Spending; 12 Variance Decomposition; 13. Fiscal Spending (In percent of non-mineral GDP); 14. Fiscal Spending (In percent, 4-quarter moving average, year-on-year); 4. Inflationary Impact of Government Spending, 2000-11 B. The Role of Output Gaps and the Exchange Rate15. Mongolia: Output Gap (2000Q1-2011Q4); 16. Exchange Rates; 5. Phillips-Curve Estimation; V. International Context; A. Commodity Prices; 17. Food Prices; 18. Rice Prices; 19. Wheat and Flour Prices; B. Price Spillovers from Neighboring Countries-China and Russia; 6. China and Russia; VI. Conclusion; Annex. The Ulaanbaatar and National CPIs; References |
| Record Nr. | UNINA-9910786475003321 |
|
Bersch Julia
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Inflation Dynamics in Mongolia : : Understanding the Roller Coaster / / Julia Bersch, Steven Barnett, Yasuhisa Ojima
| Inflation Dynamics in Mongolia : : Understanding the Roller Coaster / / Julia Bersch, Steven Barnett, Yasuhisa Ojima |
| Autore | Bersch Julia |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2012 |
| Descrizione fisica | 1 online resource (22 p.) |
| Disciplina | 338.158294 |
| Altri autori (Persone) |
BarnettSteven
OjimaYasuhisa |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Inflation (Finance) - Mongolia
Finance - Mongolia Inflation Macroeconomics Economic Theory Price Level Deflation Business Fluctuations Cycles Time-Series Models Dynamic Quantile Regressions Dynamic Treatment Effect Models Diffusion Processes Agriculture: Aggregate Supply and Demand Analysis Prices Economic theory & philosophy Food prices Consumer price indexes Supply shocks Price controls Economic theory Price indexes Supply and demand Government policy |
| ISBN |
1-4755-9827-0
1-4755-3267-9 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; I. Introduction; Figures; 1. Inflation: Headline CPI; 2. Inflation, 1995-2010; II. A Closer Look at the Consumer Price Index; 3. Export Earnings and Fiscal Spending; 4. Administered Price Changes; 5. Inflation: Contributions to Change; 6. Inflation Rates; Tables; 1. Descriptive Statistics of the Overall Inflation Rate and the Main Subcomponents; 7 Seasonal Factors; 8. Inflation Rates (In percent, seasonally adjuted annualized rate month-on-month); 9. Inflation Rates (In percent, seasonally adjusted annualized rate)
III. Understanding Inflation Through its Time Series PropertiesA. Inflation Persistence and Expectations; 2. Persistence in CPI and its Subcomponents; 10. Inflation: Persistence Shocks; 3. Mongolia and Other Copper Producers; B. Vector Auto-Regression (VAR) Analysis; 11 Impulse Response Functions; IV. Demand-pull Factor of Inflation; A. The Role of Fiscal Spending; 12 Variance Decomposition; 13. Fiscal Spending (In percent of non-mineral GDP); 14. Fiscal Spending (In percent, 4-quarter moving average, year-on-year); 4. Inflationary Impact of Government Spending, 2000-11 B. The Role of Output Gaps and the Exchange Rate15. Mongolia: Output Gap (2000Q1-2011Q4); 16. Exchange Rates; 5. Phillips-Curve Estimation; V. International Context; A. Commodity Prices; 17. Food Prices; 18. Rice Prices; 19. Wheat and Flour Prices; B. Price Spillovers from Neighboring Countries-China and Russia; 6. China and Russia; VI. Conclusion; Annex. The Ulaanbaatar and National CPIs; References |
| Record Nr. | UNINA-9910826179203321 |
|
Bersch Julia
|
||
| Washington, D.C. : , : International Monetary Fund, , 2012 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Inflation Targeting Under Imperfect Policy Credibility
| Inflation Targeting Under Imperfect Policy Credibility |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (32 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation (Finance)
Fiscal policy Inflation Money and Monetary Policy Economic Theory Production and Operations Management Price Level Deflation Monetary Policy Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Macroeconomics Monetary economics Economic theory & philosophy Inflation targeting Output gap Supply shocks Disinflation Monetary policy Production Economic theory Supply and demand |
| ISBN |
1-4623-2348-0
1-4527-7227-4 1-282-84314-1 9786612843143 1-4518-7241-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
| Record Nr. | UNINA-9910788715403321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Inflation Targeting Under Imperfect Policy Credibility
| Inflation Targeting Under Imperfect Policy Credibility |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (32 p.) |
| Disciplina | 332.1 |
| Collana | IMF Working Papers |
| Soggetto topico |
Inflation (Finance)
Fiscal policy Inflation Money and Monetary Policy Economic Theory Production and Operations Management Price Level Deflation Monetary Policy Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Macroeconomics Monetary economics Economic theory & philosophy Inflation targeting Output gap Supply shocks Disinflation Monetary policy Production Economic theory Supply and demand |
| ISBN |
1-4623-2348-0
1-4527-7227-4 1-282-84314-1 9786612843143 1-4518-7241-0 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
| Record Nr. | UNINA-9910824789103321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
