Search Results - subject:"Monetary aggregates"

An Investigation of Output Variance Before and During Inflation Targeting

Simone, Francisco Nadal-De - International Monetary Fund (IMF) - 2001

Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate “too low and stable” will likely result in relatively larger output fluctuations. Following the generalized reduction in inflation variance in the...

Persistent link: https://www.econbiz.de/10005826152

Measurement index of money reserve in conditions of the Czech national bank

Horská, Helena - In: Politická ekonomie 2001 (2001) 3

The monetary literature over the past thirty years has been filled with published claims of paradoxes, such paradox of

Persistent link: https://www.econbiz.de/10005258100

Monetarist view at development of the czech economy

Kubíček, Jan - In: Politická ekonomie 2001 (2001) 3

while using redefined monetary aggregates. It is found that neither the velocity of money nor the character of inflation in …

Persistent link: https://www.econbiz.de/10005258159

Monetary Policy with a touch of Basel

Chami, Ralph; Cosimano, Thomas F. - International Monetary Fund (IMF) - 2001

The typical portrait of monetary policy has the banks and the money supply being manipulated through changes in bank reserves. However, with only a small portion of bank deposits now subject to reserve requirements, an alternative explanation of how monetary policy influences banks is needed....

Persistent link: https://www.econbiz.de/10005263662

Inflation Targeting in the Context of IMF-Supported Adjustment Programs

Schwartz, Gerd; Rabanal, Pau; Bléjer, Mario I.; Leone, … - International Monetary Fund (IMF) - 2001

This paper argues that the IMF's traditional monetary conditionality-a ceiling on net domestic assets of the central bank and a floor on its net international reserves-should be adapted in IMF-supported adjustment programs with countries which have a framework of explicit inflation targets for...

Persistent link: https://www.econbiz.de/10005264163

Domestic money and US output and inflation

Aksoy, Yunus; Piskorski, Tomasz - 2001 - This version: August 2001

Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output … between US monetary aggregates and these macroeconomic fundamentals by taking into account the international currency feature … Friedman and Schwartz's stylized facts can be reestablished once the focus of analysis is back on the domestic monetary …

Persistent link: https://www.econbiz.de/10009767691

The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank

Kirchgässner, Gebhard; Wolters, Jürgen - School of Economics and Political Science, Universität … - 2009

. Using recursive estimates, indicator properties of monetary aggregates for inflation are assessed for the period from 2000 …

Persistent link: https://www.econbiz.de/10008542805

Para Politikasi, Parasal Buyuklukler ve Kuresel Mali Kriz Sonrasi Gelismeler

Ozdemir, K. Azim - In: Central Bank Review 9 (2009) 2, pp. 23-48

emphasize the role of monetary aggregates in this new economic environment. On the other hand, by analyzing monetary policies of … the countries, where the monetary aggregates are given prominent roles in the decision-making processes, we investigate … how monetary aggregates can be best utilized in the current design of the monetary policy in Turkey. Our main finding is …

Persistent link: https://www.econbiz.de/10008478278

The information content of M3 for future inflation

Trecroci, Carmine; Vega, Juan Luis - 2000

The information content of broad money M3 for future GDP inflation in the euro area is investigated from a number of perspectives. Firstly, tests that money does not Granger-cause prices are conducted within a cointegrated VAR system comprising real M3 holdings, real GDP, inflation and short-...

Persistent link: https://www.econbiz.de/10011604079

Adopting Inflation Targeting; Practical Issues for Emerging Market Countries

Zelmer, Marc; Schaechter, Andrea - International Monetary Fund (IMF) - 2000

Persistent link: https://www.econbiz.de/10005767372