Search Results - subject:"Monetary aggregates"

The new CFS Divisia monetary aggregates: design, construction, and data sources

Barnett, William A.; Liu, Jia; Mattson, Ryan S.; van … - Volkswirtschaftliche Fakultät, … - 2012

The Center for Financial Stability (CFS) has initiated a new Divisia monetary aggregates database, maintained within …-theoretic monetary aggregation. The international section of the AMFM web site is a centralized source for Divisia monetary aggregates … data and research for over 40 countries throughout the world. The components of the CFS Divisia monetary aggregates for the …

Persistent link: https://www.econbiz.de/10011107646

Monetary Aggregates - Instrument of the Policy Promoted by the National Bank of Romania

Popa, Coralia Emilia - In: Annals of the University of Petrosani, Economics 12 (2012) 4, pp. 211-218

at emphasizing the advantages of using monetary aggregates, as well as their limitations under the direct influence of …

Persistent link: https://www.econbiz.de/10010773881

Alternative Monetary Policy Rules for India

Kapur, Muneesh; Patra, Michael Debabrata - International Monetary Fund (IMF) - 2012

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of...

Persistent link: https://www.econbiz.de/10010790253

Optimal Liquidity and Economic Stability

Han, Linghui; Lee, Il Houng - International Monetary Fund (IMF) - 2012

Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult …

Persistent link: https://www.econbiz.de/10010790278

Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands

Peiris, Shanaka J.; Ding, Ding - International Monetary Fund (IMF) - 2012

Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in...

Persistent link: https://www.econbiz.de/10010790298

Lost in Transmission? The Effectiveness of Monetary Policy Transmission Channels in the GCC Countries

Cevik, Serhan; Teksoz, Katerina - International Monetary Fund (IMF) - 2012

This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...

Persistent link: https://www.econbiz.de/10010790368

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

Mishra, Prachi; Montiel, Peter - International Monetary Fund (IMF) - 2012

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in such countries. We distinguish between the "facts on the ground" and "methodological...

Persistent link: https://www.econbiz.de/10010790377

The (Other) Deleveraging

Singh, Manmohan - International Monetary Fund (IMF) - 2012

monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that …

Persistent link: https://www.econbiz.de/10010790392

Exploring the Dynamics of Global Liquidity

Sally F. (Sally Fangnan) Chen; Liu, Philip; Maechler, … - International Monetary Fund (IMF) - 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial intermediatires and a corresponding price series....

Persistent link: https://www.econbiz.de/10010790397

Monetary Policy Transmission in the GCC Countries

Prasad, Ananthakrishnan; Espinoza, Raphael A. - International Monetary Fund (IMF) - 2012

The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that the pass-through of policy rates to retail rates is on the low side, reflecting the...

Persistent link: https://www.econbiz.de/10010878414