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Policy analysis and forecasting in the world economy : a panel unobserved components approach
Vitek, Francis - 2012
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572
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A Monetary and Financial Policy Analysis and Forecasting Model for the Philippines (PAMPh2.0)
Dakila Jr., Francisco - 2024
The Bangko Sentral ng Pilipinas (BSP) has enhanced its macroeconomic modeling through the Forecasting and Policy Analysis System (FPAS), transitioning from a multi-equation econometric model to a modernized system centered on the Quarterly Projection Model (QPM). In its new version, the Policy...
Persistent link: https://www.econbiz.de/10015080224
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Measures of Underlying Inflation in the Euro Area : Assessment and Role for Informing Monetary Policy
Stavrev, Emil - 2006
Intro -- Contents -- I. INTRODUCTION -- II. TAXONOMY OF UNDERLYING INFLATION INDICATORS -- III. FEATURES OF THE …
Persistent link: https://www.econbiz.de/10012690993
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Role of Seasonality and Monetary Policy in Inflation Forecasting.
Kumah, Francis Y. - 2006
Intro -- Contents -- I. INTRODUCTION -- II. INFLATION AND MONETARY POLICY IN THE KYRGYZ REPUBLIC -- III. SEASONAL … CHARACTERISTICS OF CONSUMER PRICES -- IV. MODELING AND FORECASTING INFLATION -- V. CONCLUDING REMARKS -- References -- Appendix …
Persistent link: https://www.econbiz.de/10012691121
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Fiscal and Monetary Anchors for Price Stability
Fund, International Monetary - 2008
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries …
Persistent link: https://www.econbiz.de/10012677562
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Can Fiscal Consolidation help Central Banks Fight Inflation?
Chen, Jiaqian - 2023
This paper argues case that a tighter fiscal policy stance can meaningfully support central banks in fighting inflation … more effective than fiscal policy in battling inflation in open economies due to the exchange rate channel, we show that a …
Persistent link: https://www.econbiz.de/10015058850
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It's Never Different: Fiscal Policy Shocks and Inflation
Cevik, Serhan - 2023
This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970-2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …
Persistent link: https://www.econbiz.de/10015059448
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Practical Model-Based Monetary Policy Analysis--A How-To Guide.
Karam, Philippe D - 2006
Persistent link: https://www.econbiz.de/10012691023
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Improving Surveillance Across the CEMAC Region
Iossifov, Plamen - 2009
In this paper, we consider the design of the surveillance, and, in particular, the fiscal criteria in the Central African Economic and Monetary Community (CEMAC) with the view to ensuring they are consistent with internal and external sustainability. This consistency is important within a...
Persistent link: https://www.econbiz.de/10012677509
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Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints
Kumhof, Michael - 2009
a very low coefficient on inflation, which minimizes real wage volatility. The welfare gains of optimizing the fiscal …
Persistent link: https://www.econbiz.de/10012677523