Imf Staff Papers Volume 49 2002 Special Issue Imf Annual Research Conference

IMF Staff Papers  Volume 49  2002  Special Issue  IMF Annual Research Conference PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589061231
Size: 77.84 MB
Format: PDF, Kindle
Category :
Languages : en
Pages : 242
View: 6965

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Imf Staff Papers Volume 49 2002 Special Issue Imf Annual Research Conference

by International Monetary Fund, Imf Staff Papers Volume 49 2002 Special Issue Imf Annual Research Conference Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 49 2002 Special Issue Imf Annual Research Conference books, This paper reports for uncovered interest parity (UIP) using daily data for 23 developing and developed countries during the crisis-strewn 1990s. UIP is a classic topic of international finance, a critical building block of most theoretical models, and a dismal empirical failure. UIP states that the interest differential is, on average, equal to the ex post exchange rate change. UIP may work differently for countries in crisis, whose exchange and interest rates both display considerably more volatility. This volatility raises the stakes for financial markets and central banks; it also may provide a more statistically powerful test for the UIP hypothesis. Policy-exploitable deviations from UIP are, therefore, a necessary condition for an interest rate defense. There is a considerable amount of heterogeneity in the results, which differ wildly by country.


Imf Staff Papers Volume 49 No 3 2002

IMF Staff Papers  Volume 49  No  3  2002 PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589061224
Size: 16.28 MB
Format: PDF
Category :
Languages : en
Pages : 256
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Imf Staff Papers Volume 49 No 3 2002

by International Monetary Fund, Imf Staff Papers Volume 49 No 3 2002 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 49 No 3 2002 books, This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975-98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.


Imf Staff Papers Volume 51 No 1 2004

IMF Staff Papers  Volume 51  No  1  2004 PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589063228
Size: 53.92 MB
Format: PDF
Category :
Languages : en
Pages : 198
View: 1926

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Imf Staff Papers Volume 51 No 1 2004

by International Monetary Fund, Imf Staff Papers Volume 51 No 1 2004 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 51 No 1 2004 books, This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new featured section, "Data Issues," which will be devoted in future issues to on-going discussions of the latest in econometric and statistical tools for economists, data puzzles, and other related topics of interest to researchers.


Imf Staff Papers Volume 52 2005 Special Issue Imf Conference In Honor Of Michael Mussa

IMF Staff Papers  Volume 52  2005  Special Issue  IMF Conference in Honor of Michael Mussa PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589064478
Size: 27.79 MB
Format: PDF, Kindle
Category : Economic development
Languages : en
Pages : 186
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Imf Staff Papers Volume 52 2005 Special Issue Imf Conference In Honor Of Michael Mussa

by International Monetary Fund, Imf Staff Papers Volume 52 2005 Special Issue Imf Conference In Honor Of Michael Mussa Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 52 2005 Special Issue Imf Conference In Honor Of Michael Mussa books,


Imf Staff Papers Volume 51 No 3 2004

IMF Staff Papers  Volume 51  No  3  2004 PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589063518
Size: 72.95 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages : 206
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Imf Staff Papers Volume 51 No 3 2004

by International Monetary Fund, Imf Staff Papers Volume 51 No 3 2004 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 51 No 3 2004 books, This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP-all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.


Imf Staff Papers

IMF Staff Papers PDF
Author: Mr. Ashoka Mody
Publisher: International Monetary Fund
ISBN: 1452724083
Size: 12.79 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 168
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Imf Staff Papers

by Mr. Ashoka Mody, Imf Staff Papers Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers books, This is the 2004 (Volume 51) Special Issue of IMF Staff Papers, which includes 6 selected papers (from more than 20) that were presented at the IMF's Fourth Annual Research Conference, November 6-7, 2003.


Imf Staff Papers Volume 49 No 1 2002

IMF Staff Papers  Volume 49  No  1  2002 PDF
Author: Robert P. Flood
Publisher: International Monetary Fund
ISBN: 9781589060975
Size: 36.85 MB
Format: PDF, Mobi
Category :
Languages : en
Pages : 157
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Imf Staff Papers Volume 49 No 1 2002

by Robert P. Flood, Imf Staff Papers Volume 49 No 1 2002 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 49 No 1 2002 books, This paper presents details of a symposium on forecasting performance I organized under the auspices of the IMF Staff Papers. The assumption that the forecaster's goal is to do as well as possible in predicting the actual outcome is sometimes questionable. ln the context of private sector forecasts, this is because the incentives for forecasters may induce them to herd rather than to reveal their true forecasts. Public sector forecasts may also be distorted, although for different reasons. Forecasts associated with IMF programs, for example, are often the result of negotiations between the IMF staff and the country authorities and are perhaps more accurately viewed as goals, or targets, rather than pure forecasts. The standard theory of time series forecasting involves a variety of components including the choice of an information set, the choice of a cost function, and the evaluation of forecasts in terms of the average costs of the forecast errors. It is generally acknowledged that by including more relevant information in the information set, one should be able to produce better forecasts.


Imf Staff Papers Volume 49 No 2 2002

IMF Staff Papers  Volume 49  No  2  2002 PDF
Author: Robert P. Flood
Publisher: International Monetary Fund
ISBN: 9781589061194
Size: 59.49 MB
Format: PDF, ePub, Docs
Category :
Languages : en
Pages : 117
View: 4716

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Imf Staff Papers Volume 49 No 2 2002

by Robert P. Flood, Imf Staff Papers Volume 49 No 2 2002 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 49 No 2 2002 books, This paper explores sources of the output collapse in Russia during transition. A modified growth-accounting framework is developed that takes into account changes in factor utilization that are typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The paper analyzes the behavior of real commodity prices over the 1862-1999 progress. It also examines whether average stocks of health and education are converging across countries, and calculates the speed of their convergence using data from 84 countries for 1970-90.


Imf Staff Papers Volume 50 No 2 2003

IMF Staff Papers  Volume 50  No  2  2003 PDF
Author: Robert P. Flood
Publisher: International Monetary Fund
ISBN: 9781589062023
Size: 24.19 MB
Format: PDF, ePub
Category :
Languages : en
Pages : 168
View: 5801

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Imf Staff Papers Volume 50 No 2 2003

by Robert P. Flood, Imf Staff Papers Volume 50 No 2 2003 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 50 No 2 2003 books, This paper examines sources of economic growth in East Asia. The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about either competitiveness of factor markets or the form of the underlying aggregate production function. The paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor tend to be different from the income shares of these factors. The paper also explores the compensating potential of private intergenerational transfers.


Imf Staff Papers Volume 50 No 1 2003

IMF Staff Papers  Volume 50  No  1  2003 PDF
Author: Robert P. Flood
Publisher: International Monetary Fund
ISBN: 9781589061248
Size: 33.33 MB
Format: PDF, ePub, Docs
Category :
Languages : en
Pages : 155
View: 2228

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Imf Staff Papers Volume 50 No 1 2003

by Robert P. Flood, Imf Staff Papers Volume 50 No 1 2003 Books available in PDF, EPUB, Mobi Format. Download Imf Staff Papers Volume 50 No 1 2003 books, Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?