Inflation And Activity Two Explorations And Their Monetary Policy Implications
DOWNLOAD
Download Inflation And Activity Two Explorations And Their Monetary Policy Implications PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Inflation And Activity Two Explorations And Their Monetary Policy Implications book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Inflation And Activity Two Explorations And Their Monetary Policy Implications
DOWNLOAD
Author : Mr.Olivier J. Blanchard
language : en
Publisher: International Monetary Fund
Release Date : 2015-11-06
Inflation And Activity Two Explorations And Their Monetary Policy Implications written by Mr.Olivier J. Blanchard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-06 with Business & Economics categories.
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy.
Inflation And Activity Two Explorations And Their Monetary Policy Implications
DOWNLOAD
Author : Mr.Olivier J. Blanchard
language : en
Publisher: International Monetary Fund
Release Date : 2015-11-06
Inflation And Activity Two Explorations And Their Monetary Policy Implications written by Mr.Olivier J. Blanchard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-06 with Business & Economics categories.
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then. We draw implications of our findings for monetary policy.
Inflation And Activity
DOWNLOAD
Author : Olivier J. Blanchard
language : en
Publisher:
Release Date : 2018
Inflation And Activity written by Olivier J. Blanchard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
We explore two issues triggered by the global financial crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years in 23 countries. We find that a high proportion of them have been followed by lower output or even lower growth. To examine the second, we estimate a Phillips curve relation over the past 50 years for 20 countries. We find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s but has remained roughly stable since then. We draw implications of our findings for monetary policy.
Monetary Policy And Inflation Dynamics In Asean Economies
DOWNLOAD
Author : Geraldine Dany-Knedlik
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-22
Monetary Policy And Inflation Dynamics In Asean Economies written by Geraldine Dany-Knedlik and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-22 with Business & Economics categories.
This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in the region. In contrast, the quantitative impact of cyclical fluctuations and import prices has gradually diminished over time.
Monetary Policy Financial Crises And The Macroeconomy
DOWNLOAD
Author : Frank Heinemann
language : en
Publisher: Springer
Release Date : 2017-09-29
Monetary Policy Financial Crises And The Macroeconomy written by Frank Heinemann and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-29 with Business & Economics categories.
This volume investigates different aspects of monetary policy and prevention of financial crises. It discusses some recently suggested measures for central banks' responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank network, and the interaction between micro- and macro-prudential regulation. It compares different approaches for solving the Eurozone sovereign-debt problem and provides a new and intriguing explanation for rising income inequality. The authors are experts on monetary policy, financial crises, and contract theory from different European universities and central banks.
Gone With The Headwinds
DOWNLOAD
Author : Gustavo Adler
language : en
Publisher: International Monetary Fund
Release Date : 2017-04-03
Gone With The Headwinds written by Gustavo Adler and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-03 with Business & Economics categories.
Productivity growth—the key driver of living standards—fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building on new research, this note finds that the productivity slowdown reflects both crisis legacies and structural headwinds. In advanced economies, the global financial crisis has led to “productivity hysteresis”—persistent productivity losses from a seemingly temporary shock. Behind this are balance sheet vulnerabilities, protracted weak demand and elevated uncertainty, which jointly triggered an adverse feedback loop of weak investment, weak productivity and bleak income prospects. Structural headwinds—already blowing before the crisis—include a waning ICT boom and slowing technology diffusion, partly reflecting an aging workforce, slowing global trade and weaker human capital accumulation. Reviving productivity growth requires addressing remaining crisis legacies in the short run while pressing ahead with structural reforms to tackle longer-term headwinds.
The Price Of Money
DOWNLOAD
Author : Jamie Rush
language : en
Publisher: Oxford University Press
Release Date : 2025
The Price Of Money written by Jamie Rush and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025 with Business & Economics categories.
From the 1970s to the 2010s, the natural rate of interest in the US and other advanced economies fell. In the last decade, it has started to rise, and it has further to climb. That change reflects seismic shifts in demographics, technology, and geopolitics. In the future, risks from war to artificial intelligence and climate change could accelerate the rise. The Price of Money explains the evolution of the natural rate, the forces driving it, where it is headed, and what that means for everyone from Wall Street titans to 401K investors.
Not All Housing Cycles Are Created Equal
DOWNLOAD
Author : Bruno Albuquerque
language : en
Publisher: International Monetary Fund
Release Date : 2025-02-28
Not All Housing Cycles Are Created Equal written by Bruno Albuquerque and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-28 with categories.
This paper shows that not all housing price cycles are alike. The nature of the housing expansion phase—especially whether a housing price boom characterized by rapid and persistent house price growth is present—plays a key role in shaping the severity of the subsequent contraction, and the net macroeconomic impact over the full cycle. Analyzing 180 housing expansions across 68 countries, we classify 49 percent as housing booms, characterized by rapid and persistent real house price increases. We find that economic downturns are significantly deeper and longer when housing contractions are preceded by a housing boom. The housing contraction is more severe the more intensive the preceding housing boom, and when accompanied by a credit boom. Overall, while housing booms spur stronger economic growth during the expansion phase, their sharp reversals lead to severe housing contractions, resulting in significant net negative effects on the real economy.
Italian Fiscal Policy Review 2017
DOWNLOAD
Author : Antonio Scialà
language : en
Publisher: Roma TrE-Press
Release Date : 2018-07-01
Italian Fiscal Policy Review 2017 written by Antonio Scialà and has been published by Roma TrE-Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-01 with Political Science categories.
Il volume esamina e valuta la politica di bilancio italiana realizzata nell’anno 2017. Nella prima parte vengono presentati gli impatti macroeconomici e distributivi. Nella seconda parte ci si sofferma sulle conseguenze delle politiche di aggiustamento fiscale. In primo luogo, si analizza se siano più efficaci politiche di aggiustamento dal lato delle entrate, ovvero dal lato delle spese pubbliche. In secondo luogo, si discute come le politiche fiscali attuate tra il 2010 e il 2016 non siano state coerenti con l’obiettivo di favorire la crescita economica di alcuni paesi europei, tra cui l’Italia. Nella terza parte, si indaga il ruolo delle politiche e delle regole europee nell’influenzare i risultati delle politiche fiscali degli stati membri. Nella quarta parte, ci si sofferma sui rilevanti cambiamenti avvenuti negli ultimi anni nell’ambito della struttura della tassazione delle imprese e del ruolo degli incentivi fiscali all’investimento, in particolare in innovazione. Infine, nella quinta parte, si analizzano criticamente sia gli interventi relativi alle politiche sociali attuate attraverso sussidi monetari e agevolazioni fiscali, sia i più recenti provvedimenti riguardanti il sistema previdenziali italiano.
Indonesia Selected Issues
DOWNLOAD
Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2022-03-22
Indonesia Selected Issues written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-22 with Business & Economics categories.
Indonesia: Selected Issues