>> Topic > Interest rate policy

Search Results

What Drives the POLONIA Spread in Poland?

Author/Editor: Yinqiu Lu.

Release Date: August, 2012

Price: $18.00

Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP’s open more...



On Price Stability and Welfare

Author/Editor: Etienne B. Yehoue.

Release Date: July, 2012

Price: $18.00

The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion more...



The Policy Interest-Rate Pass-Through in Central America

Author/Editor: Stephanie Medina Cas, Alejandro Carrion-Menendez, Florencia P Frantischek.

Release Date: October, 2011

Price: $18.00

Several Central American (CADR) central banks with independent monetary policies have adopted policy interest rates as their main instrument to signal their monetary policy stances, often in the more...



Republic of Korea: 2011 Article IV Consultation - Staff Report and Public Information Notice on the Executive Board Discussion

Release Date: August, 2011

Price: $18.00

Estimating a Small Open-Economy Model for Egypt: Spillovers, Inflation Dynamics, and Implications for Monetary Policy

Author/Editor: Elif C Arbatli, Kenji Moriyama.

Release Date: May, 2011

Price: $18.00

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy during 2005-2010. The interest rate channel is found to be relatively weak in more...



Switzerland: 2010 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; Statement by the Executive Director for Switzerland, and Informational Annex

Release Date: May, 2010

Price: $18.00

Important Elements for Inflation Targeting for Emerging Economies

Author/Editor: Inci Ötker, Charles Freedman.

Release Date: May, 2010

Price: $18.00

This is the fifth chapter of a forthcoming monograph entitled On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say. It examines whether certain more...



Rethinking Macroeconomic Policy

Author/Editor: Giovanni Dell'Ariccia, Olivier J Blanchard, Paolo Mauro.

Release Date: February, 2010

Price: $0.00

The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us to question that assessment. In this more...



Dissecting Taylor Rules in a Structural VAR

Author/Editor: Yi Wen, Woon Gyu Choi.

Release Date: January, 2010

Price: $18.00

This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to more...



Emerging Economy Responses to the Global Financial Crisis of 2007-09: An Empirical Analysis of the Liquidity Easing Measures

Author/Editor: Etienne B. Yehoue.

Release Date: December, 2009

Price: $18.00

This paper draws on a unique data set on the nontraditional systemic liquidity easing measures recently undertaken by many emerging market economies. It offers an empirical analysis of the key more...



Unconventional Choices for Unconventional Times Credit and Quantitative Easing in Advanced Economies

Author/Editor: Vladimir Klyuev, Phil De Imus, Krishna Srinivasan.

Release Date: November, 2009

Price: $0.00

Monetary Policy and the Lost Decade: Lessons from Japan

Author/Editor: Daniel Leigh.

Release Date: October, 2009

Price: $18.00

This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the Lost Decade more...



Russian Federation: 2009 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion

Release Date: August, 2009

Price: $18.00

Sweden: 2009 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the ExecutiveDirector for Sweden

Release Date: August, 2009

Price: $18.00

Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom

Author/Editor: André Meier.

Release Date: August, 2009

Price: $18.00

The Bank of England's current quantitative easing strategy has given rise to a controversial debate about the effects and risks of unconventional monetary policy. The present paper makes two more...



Monetary and Fiscal Rules in an Emerging Small Open Economy

Author/Editor: Nicoletta Batini, Paul Levine, Joseph Pearlman.

Release Date: January, 2009

Price: $18.00

We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy framework': a combination of a freely floating exchange rate, an explicit target for inflation, and a more...



Interest Rate Elasticity of Residential Housing Prices

Author/Editor: Martin Cihák, Plamen Iossifov, Amar Shanghavi.

Release Date: October, 2008

Price: $18.00

We examine the interest rate elasticity of housing prices, advancingthe empirical literature in two directions. First, we take a commonly used cross-country panel dataset and evaluate the housing more...



Monetary Transmission Mechanisms in Belarus

Author/Editor: Rodolfo Maino, Balázs Horváth.

Release Date: November, 2006

Price: $18.00

We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a more...



South Africa: 2005 Article IV Consultation - Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Release Date: September, 2005

Price: $15.00

Explicit and Implicit Targets in Open Economies

Author/Editor: Silvia Sgherri .

Release Date: September, 2005

Price: $15.00

Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting more...