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Can a Rule-Based Monetary Policy Framework Work in a Developing Country? the Case of Yemen

Elekdag, Selim; Ltaifa, Nabil Ben; Schneider, Todd; … - International Monetary Fund (IMF) - 2007

Monetary policy in Yemen is largely rudimentary and ad hoc in nature. The Central Bank of Yemen's (CBY) approach has been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper argues in favor of a new formal monetary policy...

Persistent link: https://www.econbiz.de/10005825743

Trade Linkages, Balance Sheets, and Spillovers; The Germany-Central European Supply Chain

Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2013

integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain …Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic … relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily …

Persistent link: https://www.econbiz.de/10011242281

Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?

Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2014

Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...

Persistent link: https://www.econbiz.de/10011123846