Similar Search Results

Understanding DSGE Filters in Forecasting and Policy Analysis

Andrle, Michal - International Monetary Fund (IMF) - 2013

a technology shock, into contributions of output, inflation, interest rates, and other observed variables' contribution …

Persistent link: https://www.econbiz.de/10010790303

The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period

Nagayasu, Jun - International Monetary Fund (IMF) - 2003

This paper empirically evaluates the validity of the term structure of interest rates in a low-interest-rate environment. Applying a time-series method to high-frequency Japanese data, the term-structure model is found to be useful for economic analysis only when interest rates are high. When...

Persistent link: https://www.econbiz.de/10005605419

Bayesian Vars; A Survey of the Recent Literature with An Application to the European Monetary System

Ciccarelli, Matteo; Rebucci, Alessandro - International Monetary Fund (IMF) - 2003

This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …

Persistent link: https://www.econbiz.de/10005825693

Money Demand in Guyana

Egoumé-Bossogo, Philippe - International Monetary Fund (IMF) - 2000

-induced inflation anticipations that are typical to Guyana. …

Persistent link: https://www.econbiz.de/10005825837

Yield Curve Dynamics and Spillovers in Central and Eastern European Countries

Hoffmaister, Alexander W.; Roldos, Jorge; Tuladhar, Anita - International Monetary Fund (IMF) - 2010

financial variables in the CEE countries is similar to the one in mature economies. However, inflation shocks have very little … curve are transmitted both to interest rates and inflation expectations in the CEE countries-and transmission is stronger …

Persistent link: https://www.econbiz.de/10008519480

The Monetary Model Strikes Back; Evidence From the World

Cerra, Valerie; Saxena, Sweta Chaman - International Monetary Fund (IMF) - 2008

We revisit the dramatic failure of monetary models in explaining exchange rate movements. Using the information content from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We also find fundamentalsbased models very successful in...

Persistent link: https://www.econbiz.de/10005263651

Vietnam; Bayesian Estimation of Output Gap

Maliszewski, Wojciech - International Monetary Fund (IMF) - 2010

The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is...

Persistent link: https://www.econbiz.de/10008560446

Data Dissemination Standards and the Statistical Quality of the IMFâ€™s World Economic Outlook Forecasts

Mrkaic, Mico - International Monetary Fund (IMF) - 2010

This paper analyzes the effects of IMF member countries participation in the IMFâ€™s Data Standards Initiatives (DSI) on the statistical quality of WEO forecasts. Results show that WEO forecasts for SDDS subscribers are in general better than for GDDS participants and those member countries...

Persistent link: https://www.econbiz.de/10008671311

Does Inflation Slow Long-Run Growth in India?

Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2014

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …

Persistent link: https://www.econbiz.de/10011142122

Potential Output and Output Gap in Central America, Panama and Dominican Republic

Johnson, Christian A - International Monetary Fund (IMF) - 2013

Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries...

Persistent link: https://www.econbiz.de/10010790335