Search Results
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What Drives the POLONIA Spread in Poland?
Author/Editor: Yinqiu Lu. Release Date: August, 2012 Price: $18.00Since 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... |
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On Price Stability and Welfare
Author/Editor: Etienne B. Yehoue. Release Date: July, 2012 Price: $18.00The 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... |
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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: $18.00Several 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... |
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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 |
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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: $18.00This 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... |
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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 |
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Important Elements for Inflation Targeting for Emerging Economies
Author/Editor: Inci Ötker, Charles Freedman. Release Date: May, 2010 Price: $18.00This 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... |
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Rethinking Macroeconomic Policy
Author/Editor: Giovanni Dell'Ariccia, Olivier J Blanchard, Paolo Mauro. Release Date: February, 2010 Price: $0.00The 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... |
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Dissecting Taylor Rules in a Structural VAR
Author/Editor: Yi Wen, Woon Gyu Choi. Release Date: January, 2010 Price: $18.00This 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... |
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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: $18.00This 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... |
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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 |
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Monetary Policy and the Lost Decade: Lessons from Japan
Author/Editor: Daniel Leigh. Release Date: October, 2009 Price: $18.00This 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... |
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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 |
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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 |
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Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom
Author/Editor: André Meier. Release Date: August, 2009 Price: $18.00The 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... |
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Monetary and Fiscal Rules in an Emerging Small Open Economy
Author/Editor: Nicoletta Batini, Paul Levine, Joseph Pearlman. Release Date: January, 2009 Price: $18.00We 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... |
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Interest Rate Elasticity of Residential Housing Prices
Author/Editor: Martin Cihák, Plamen Iossifov, Amar Shanghavi. Release Date: October, 2008 Price: $18.00We 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... |
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Monetary Transmission Mechanisms in Belarus
Author/Editor: Rodolfo Maino, Balázs Horváth. Release Date: November, 2006 Price: $18.00We 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... |
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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 |
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Explicit and Implicit Targets in Open Economies
Author/Editor: Silvia Sgherri . Release Date: September, 2005 Price: $15.00Under 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... |





