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On the Sources and Consequences of Oil Price Shocks; The Role of Storage

Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2012

model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage …

Persistent link: https://www.econbiz.de/10011242253

Macroprudential Policies for a Resource Rich Economy The Case of Mongolia

Maino, Rodolfo; Imam, Patrick A.; Ojima, Yasuhisa - International Monetary Fund (IMF) - 2013

This paper explores the extent to which macroprudential tools can be used to manage banking sector risks in Mongolia, a commodity producing country exposed to both procyclical and cross-sectional financial sector risks. Loose fiscal policy, rising credit activity, and heightened risk...

Persistent link: https://www.econbiz.de/10011123884

The External Balance Assessment (EBA) Methodology

Phillips, Steven; Catão, Luis; Ricci, Luca Antonio; … - International Monetary Fund (IMF) - 2013

The External Balance Assessment (EBA) methodology has been developed by the IMFâ€™s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing...

Persistent link: https://www.econbiz.de/10011142197

On the Sources of Oil Price Fluctuations

Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2009

framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …

Persistent link: https://www.econbiz.de/10008561072

On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2009

framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …

Persistent link: https://www.econbiz.de/10012677522

Global Financial Crisis, Financial Contagion, and Emerging Markets.

Ozkan, F. Gulcin - 2012

focus on the role of financial frictions in the domestic economy. In contrast, we propose a two-country DSGE model to … find that the scale of financial spillovers from the global to the domestic economy and trade openness are key determinants … of the severity of the financial crisis for the domestic economy. Our results also suggest that the welfare ranking of …

Persistent link: https://www.econbiz.de/10012690152

The effectiveness of monetary policy transmission under capital inflows : evidence from Asia

Jain Chandra, Sonali; Unsal, D. Filiz - 2012

The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia's...

Persistent link: https://www.econbiz.de/10009679028

Cost-Benefit Analysis of Leaning Against the Wind : Are Costs Larger Also with Less Effective Macroprudential Policy?

Svensson, Lars E. O. - 2016

inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs …

Persistent link: https://www.econbiz.de/10014408003

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Salinas, Gonzalo - 2008

The growth literature has had problems explaining the ""sub-Saharan African growth dummy"" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate...

Persistent link: https://www.econbiz.de/10012677469

On the use of Monetary and Macroprudential Policies for Small Open Economies

Ozkan, F. Gulcin; Unsal, D. Filiz - International Monetary Fund (IMF) - 2014

We explore optimal monetary and macroprudential policy rules for a small open economy. Delegating 'lean against the …

Persistent link: https://www.econbiz.de/10011123819