X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Online Resource
    Online Resource
    Fiscal consolidation in Israel : a global fiscal model perspective (2006)
    [Washington, D.C.] :International Monetary Fund, IMF Institute,
    Details
    UID:
    edoccha_9958126556502883
    Format: 1 online resource (33 p.)
    Edition: 1st ed.
    ISBN: 1-4623-3667-1 , 1-4527-1280-8 , 1-283-51284-X , 1-4519-0966-7 , 9786613825292
    Series Statement: IMF working paper ; WP/06/253
    Content: Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities, their implementation is usually postponed. This paper represents, to the best of our knowledge, one of the first attempts in the literature to quantify the costs of delaying fiscal consolidation in an EMC. In particular, using the IMF's Global Fiscal Model (GFM), we find that early consolidation through expenditure cuts would result in a substantial increase in Israel's long-term output growth relative to the case with delayed fiscal adjustment. Using an alternative fiscal instrument, we find that delaying tax cuts would result in cumulative real GDP that is much larger than otherwise.
    Note: "November 2006." , ""Contents""; ""I. INTRODUCTION""; ""II. FISCAL PERFORMANCE IN ISRAEL""; ""III. THE MODEL""; ""IV. FISCAL CONSOLIDATION: NOW VERSUS LATER""; ""V. TAX CUTS""; ""VI. CONCLUSION""; ""APPENDIX. CALIBRATION OF GFM""; ""REFERENCES"" , English
    Additional Edition: ISBN 1-4518-6513-9
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
    Charité
  • 2
    Online Resource
    Online Resource
    Monetary Policy in Hybrid Regimes : The Case of Kazakhstan (2014)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845950991
    Format: Online-Ressource (32 p)
    Edition: Online-Ausg.
    ISBN: 1498340725 , 9781498340724
    Series Statement: IMF Working Papers Working Paper No. 14/108
    Content: This paper analyzes the monetary policy framework in Kazakhstan. The authorities have been successful in containing inflation in the context of a managed exchange rate regime. Over the past two years, the central bank has taken steps to enhance its ability to regulate liquidity in the financial system. However, the current policy interest rate does not properly signal the stance of policy, reflected in a weak transmission from the policy rate to money market interest rates. With the use of a stylized model, the paper studies the macro determinants of money market interest rates under the current framework, and illustrates both the benefits and challenges of active interest rate policy. The model shows that limited use of instruments to steer short-term interest rates weakens the framework’s ability to counteract shocks. Finally, the paper explores the implications of varying degrees of exchange rate flexibility for interest rate policy and open market operations
    Additional Edition: Erscheint auch als Druck-Ausgabe Epstein, Natan Monetary Policy in Hybrid Regimes: The Case of Kazakhstan Washington, D.C. : International Monetary Fund, 2014 ISBN 9781498340724
    Language: English
    DOI: 10.5089/9781498340724.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Stabi Berlin
  • 3
    Online Resource
    Online Resource
    Estimating Poland's Potential Output : A Production Function Approach (2010)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845911406
    Format: Online-Ressource (21 p)
    Edition: Online-Ausg.
    ISBN: 1451962096 , 9781451962093
    Series Statement: IMF Working Papers Working Paper No. 10/15
    Content: The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall results show that, prior to the recent global financial crisis, Poland''s output and employment were both growing above potential. The production function is also used to derive medium-term projections of the output gap. According to our methodology, in the aftermath of the global crisis, Poland is not expected to experience a sizable and persistent negative output gap
    Additional Edition: Erscheint auch als Druck-Ausgabe Epstein, Natan Estimating Poland's Potential Output: A Production Function Approach Washington, D.C. : International Monetary Fund, 2010 ISBN 9781451962093
    Language: English
    DOI: 10.5089/9781451962093.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Stabi Berlin
  • 4
    Online Resource
    Online Resource
    Fiscal Consolidation in Israel : A Global Fiscal Model Perspective (2006)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845869256
    Format: Online-Ressource (31 p)
    Edition: Online-Ausg.
    ISBN: 1451865139 , 9781451865134
    Series Statement: IMF Working Papers Working Paper No. 06/253
    Content: Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities, their implementation is usually postponed. This paper represents, to the best of our knowledge, one of the first attempts in the literature to quantify the costs of delaying fiscal consolidation in an EMC. In particular, using the IMF''s Global Fiscal Model (GFM), we find that early consolidation through expenditure cuts would result in a substantial increase in Israel''s long-term output growth relative to the case with delayed fiscal adjustment. Using an alternative fiscal instrument, we find that delaying tax cuts would result in cumulative real GDP that is much larger than otherwise
    Additional Edition: Erscheint auch als Druck-Ausgabe Epstein, Natan Fiscal Consolidation in Israel: A Global Fiscal Model Perspective Washington, D.C. : International Monetary Fund, 2006 ISBN 9781451865134
    Language: English
    DOI: 10.5089/9781451865134.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Open Access Request
    Stabi Berlin
  • 5
    Online Resource
    Online Resource
    Fiscal consolidation in Israel : a global fiscal model perspective (2006)
    [Washington, D.C.] :International Monetary Fund, IMF Institute,
    Details
    UID:
    almahu_9948321260802882
    Format: 31 p.
    Edition: Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
    Series Statement: IMF working paper ; WP/06/253
    Note: "November 2006."
    Language: English
    Keywords: Electronic books.
    URL: Click to View
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    HU Berlin
  • 6
    Online Resource
    Online Resource
    The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries (2016)
    INTERNATIONAL MONETARY FUND
    Details
    UID:
    edocfu_9960178344702883
    Format: 1 online resource (26 p.)
    ISBN: 1-4755-4156-2 , 1-4755-4166-X
    Content: In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries' trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers.
    Additional Edition: ISBN 1-4755-4143-0
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 7
    Online Resource
    Online Resource
    The Spillover Effects of Russia’s Economic Slowdown on Neighboring Countries (2016)
    INTERNATIONAL MONETARY FUND
    Details
    UID:
    edoccha_9960178344702883
    Format: 1 online resource (26 p.)
    ISBN: 1-4755-4156-2 , 1-4755-4166-X
    Content: In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries' trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers.
    Additional Edition: ISBN 1-4755-4143-0
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 8
    Online Resource
    Online Resource
    Quarterly Projection Model for Vietnam: A Hybrid Approach for Monetary Policy Implementation / (2022)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9960848103902883
    Format: 1 online resource (36 pages)
    ISBN: 979-84-00-21292-5
    Series Statement: IMF Working Papers
    Content: We present a newly developed Quarterly Projection Model (QPM) for Vietnam. This QPM represents an extended version of the canonical New Keynesian semi-structural model, accounting for Vietnam-specific factors, including a hybrid monetary policy framework. The model incorporates the array of policy instruments, specifically interest rates, indicative nominal credit growth guidance, and exchange rate interventions, that the authorities employ to meet the primary objective of price stability. The calibrated model embeds a theoretically consistent monetary transmission mechanism and demonstrates robust in-sample forecasting accuracy, both of which are important prerequisites for the richer analysis and forecast-based narratives that support a forward-looking monetary policy regime.
    Additional Edition: ISBN 979-84-00-21253-6
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
  • 9
    Online Resource
    Online Resource
    Quarterly Projection Model for Vietnam: A Hybrid Approach for Monetary Policy Implementation / (2022)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9960848103902883
    Format: 1 online resource (36 pages)
    ISBN: 979-84-00-21292-5
    Series Statement: IMF Working Papers
    Content: We present a newly developed Quarterly Projection Model (QPM) for Vietnam. This QPM represents an extended version of the canonical New Keynesian semi-structural model, accounting for Vietnam-specific factors, including a hybrid monetary policy framework. The model incorporates the array of policy instruments, specifically interest rates, indicative nominal credit growth guidance, and exchange rate interventions, that the authorities employ to meet the primary objective of price stability. The calibrated model embeds a theoretically consistent monetary transmission mechanism and demonstrates robust in-sample forecasting accuracy, both of which are important prerequisites for the richer analysis and forecast-based narratives that support a forward-looking monetary policy regime.
    Additional Edition: ISBN 979-84-00-21253-6
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 10
    Online Resource
    Online Resource
    The Monetary Policy Credibility Channel and the Amplification Effects in a Semi-structural Model / (2020)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9960178640002883
    Format: 1 online resource (34 pages)
    ISBN: 1-5135-5931-1
    Series Statement: IMF Working Papers
    Content: The paper extends a standard semi-structural model to account for nonlinear and asymmetric effects of monetary policy credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the announced inflation target, with positive deviations being more costly compared to negative ones. A loss in policy credibility as a result of shocks leads to a more persistent, backward-looking inflation process, and is associated with lower output. We find that the extended model with credibility effects matches well the key macroeconomic data over specific past episodes for Indonesia and Philippines and consider its adaptation to integrated policy frameworks as an area for further exploration.
    Additional Edition: ISBN 1-5135-5771-8
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Charité
Nothing or not found what you are looking for? Please check your search query or use the Interlibrary Loan Search.
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages