Search Results - subject:"inflation deviation"

Inflation targeting and inflation deviation inertia: A study for Brazil based on the fractional integration approach

Moreira, Ricardo Ramalhete; Monte, Edson Zambon; … - In: Journal of Applied Economics 21 (2018) 1, pp. 67-83

We applied the fractional integration approach to measure inflation deviation inertia in an emerging economy under an … on typical unit root tests, as we identified a long-memory behavior in inflation deviation. Such a non … identified that inflation deviation was mainly determined by a strong inertia degree (AR(1)), commodity prices, nominal exchange …

Persistent link: https://www.econbiz.de/10015334224

Inflation targeting and inflation deviation inertia : a study for Brazil based on the fractional integration approach

Moreira, Ricardo Ramalhete; Monte, Edson Zambon; … - 2018

Persistent link: https://www.econbiz.de/10012157181

Inflation and Output Comovement in the Euro Area; Love at Second Sight?

Andrle, Michal; Bruha, Jan; Solmaz, Serhat - International Monetary Fund (IMF) - 2013

This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and...

Persistent link: https://www.econbiz.de/10011242325

Monetary Policy in Emerging Markets; Taming the Cycle

McGettigan, Donal; Moriyama, Kenji; Ntsama, Jean F Noah … - International Monetary Fund (IMF) - 2013

In contrast to advanced markets (AMs), procyclical monetary policy has been a problem for emerging markets (EMs), with macroeconomic policies amplifying economic upswings and deepening downturns. The stark difference in policy has not been subject to extensive study and this paper attempts to...

Persistent link: https://www.econbiz.de/10011242369

The Role of Domestic and External Shocks in Poland: Results from an Agnostic Estimation Procedure

Andrle, Michal; Garcia-Saltos, Roberto; Ho, Giang - International Monetary Fund (IMF) - 2013

This paper discusses interlinkages between Poland and the euro zone using a simple and agnostic econometric approach. Specifically, we estimate a trend-cycle VAR model using data for real and nominal variables, imposing powerful but uncontroversial assumptions that allow us to identify how...

Persistent link: https://www.econbiz.de/10010790326

Shock Therapy! What Role for Thai Monetary Policy?

Alp, Harun; Elekdag, Selim - International Monetary Fund (IMF) - 2012

Thailand had to endure three major shocks during 2008â€“2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest...

Persistent link: https://www.econbiz.de/10011142014

Communication of Central Bank Thinking and Inflation Dynamics

Tang, Man-Keung; Yu, Xiangrong - International Monetary Fund (IMF) - 2011

This paper studies the role of central bank communication of its economic assessment in shaping inflation dynamics. Imperfect information about the central bank's assessment - or the basis for monetary policy decisions - could complicate the private sector's learning about its policy response...

Persistent link: https://www.econbiz.de/10009293777

The Role of Monetary Policy in Turkey During the Global Financial Crisis

Elekdag, Selim; Alp, Harun - International Monetary Fund (IMF) - 2011

Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the same time, anticipating the fallout from the crisis, the Central Bank of the...

Persistent link: https://www.econbiz.de/10009151206

Republic of Serbia; Seventh Review and Inflation Consultation Under the Stand-By Arrangement

International Monetary Fund (IMF); International … - 2011

The global financial crisis unmasked Serbiaâ€™s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking...

Persistent link: https://www.econbiz.de/10011245729

Learning About Inflation Measures for Interest Rate Rules

Zanna, Luis-Felipe; Airaudo, Marco - International Monetary Fund (IMF) - 2010

Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of price rigidity. We develop a DSGE model featuring heterogeneous nominal rigidities across two sectors to study the equilibrium determinacy and stability under adaptive learning for interest rate rules...

Persistent link: https://www.econbiz.de/10008839329