Search Results

You are looking at 1 - 7 of 7 items :

  • Money and Monetary Policy x
  • IMF Working Papers x
Clear All
Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries

Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries »

Source: Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries

Volume/Issue: 1997/151

Series: IMF Working Papers

Author(s): Anthony Turner , and Stephen Golub

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451922882

Keywords: effective exchange rates, exchange rates, reer, unit labor costs, exchange rate

This paper attempts to extend the range of countries covered by the IMF’s multilateral real exchange rate indexes based on relative unit labor costs (REER-ULCs) in manufacturing. A data set was assembled tha...

Network Effects of International Shocks and Spillovers

Network Effects of International Shocks and Spillovers »

Source: Network Effects of International Shocks and Spillovers

Volume/Issue: 2015/149

Series: IMF Working Papers

Author(s): Alexei Kireyev , and Andrei Leonidov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2015

ISBN: 9781513542928

Keywords: shocks, spillover, network, balance of payments, imports, import, trading partners, Neural Networks and Related Topics, Country and Industry Studies of Trade, Open Economy Macroeconomics

This paper proposes a method for assessing international spillovers from nominal demand shocks. It quantifies the impact of a shock in one country on all other countries. The paper concludes that the network effect...

Shifting Motives

Shifting Motives »

Source: Shifting Motives : Explaining the Buildup in official Reserves in Emerging Markets Since the 1980's

Volume/Issue: 2012/34

Series: IMF Working Papers

Author(s): Atish Ghosh , Jonathan Ostry , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463933197

Keywords: Quantile Regression, exchange rate, reserve holdings, short-term debt, exchange rate regime, Economic Growth of Open Economies,

Why have emerging market economies (EMEs) been stockpiling international reserves? We find that motives have varied over time?vulnerability to current account shocks was relatively important in the 1980s but, as EM...

Bivariate Assessments of Real Exchange Rates Using PPP Data

Bivariate Assessments of Real Exchange Rates Using PPP Data »

Source: Bivariate Assessments of Real Exchange Rates Using PPP Data

Volume/Issue: 2008/153

Series: IMF Working Papers

Author(s): Juan Zalduendo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870114

Keywords: Real exchange rate, exchange rate, real exchange rates

This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of t...

The External Balance Assessment (EBA) Methodology

The External Balance Assessment (EBA) Methodology »

Source: The External Balance Assessment (EBA) Methodology

Volume/Issue: 2013/272

Series: IMF Working Papers

Author(s): Steven Phillips , Luis Catão , Luca Ricci , Rudolfs Bems , Mitali Das , Julian Di Giovanni , Filiz Unsal , Marola Castillo , Jungjin Lee , Jair Rodriguez , and Mauricio Vargas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 December 2013

ISBN: 9781484346686

Keywords: net foreign assets, current accounts, private credit, reserve currency, current account balances, Open Economy Macroeconomics, International Policy Coordination and Transmission,

The External Balance Assessment (EBA) methodology has been developed by the IMF's Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally con...

Fiscal Stimulus and Credibility in Emerging Countries

Fiscal Stimulus and Credibility in Emerging Countries »

Source: Fiscal Stimulus and Credibility in Emerging Countries

Volume/Issue: 2010/123

Series: IMF Working Papers

Author(s): Magda Kandil , and Hanan Morsy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2010

ISBN: 9781455200825

Keywords: credibility, effectiveness, cyclicality, fiscal impulse, exchange rate, fiscal expansion, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, Open Economy Macroeconomics,

Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for countercyclical policy increases with the availability of intern...

Inflation Targeting and Exchange Rate Regimes in Emerging Markets1

Inflation Targeting and Exchange Rate Regimes in Emerging Markets1 »

Source: Inflation Targeting and Exchange Rate Regimes in Emerging Markets

Volume/Issue: 2015/228

Series: IMF Working Papers

Author(s): Christian Ebeke , and Armand Fouejieu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

ISBN: 9781513586267

Keywords: Inflation targeting, Exchange rate regime, Non-linearities, exchange rate, inflation, central bank, General, Globalization: General, All Countries,

This paper investigates the effects of the adoption of inflation targeting (IT) on the choice of exchange rate regime in emerging markets (EMs), conditional on certain macroeconomic conditions. Using a large sample...