Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania
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Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania
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Author : Nikolay Gueorguiev
language : en
Publisher: International Monetary Fund
Release Date : 2004-12-01
Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania written by Nikolay Gueorguiev 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 2004-12-01 with Business & Economics categories.
In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This paper aims to analyze, in a dynamic general-equilibrium model with sticky prices and monopolistic competition, how these two profound changes will affect the ability of monetary policy to pursue its objective of price stability. In particular, the resilience of the current and future monetary policy regimes to shocks is evaluated against two welfare criteria: a standard central bank loss function containing the deviations of inflation, output, and the real exchange rate from their equilibrium values, and the compensating variation measure of Lucas (1987).
Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania
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Author : Pelin Berkmen
language : en
Publisher:
Release Date : 2004
Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania written by Pelin Berkmen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Anti-inflationary policies categories.
In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This paper aims to analyze, in a dynamic general-equilibrium model with sticky prices and monpolistic competition, how these two profound changes will affect the ability of monetary policy to pursue its objective of price stability. In particular, the resilience of the current and future monetary policy regimes to shocks is evaluated against two welfare criteria: a standard central bank loss function containing the deviations of inflation, output, and the real exchange rate from their equilibrium values, and the compensating variation measure of Lucas (1987).
Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania
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Author : Pelin Berkmen
language : en
Publisher:
Release Date : 2006
Macroeconomic Implications Of The Transition To Inflation Targeting And Capital Account Liberalization In Romania written by Pelin Berkmen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This paper aims to analyze, in a dynamic general-equilibrium model with sticky prices and monopolistic competition, how these two profound changes will affect the ability of monetary policy to pursue its objective of price stability. In particular, the resilience of the current and future monetary policy regimes to shocks is evaluated against two welfare criteria: a standard central bank loss function containing the deviations of inflation, output, and the real exchange rate from their equilibrium values, and the compensating variation measure of Lucas (1987).
Imf Research Bulletin
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Author :
language : en
Publisher:
Release Date : 2004
Imf Research Bulletin written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with International finance categories.
Artha Suchi
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Author :
language : en
Publisher:
Release Date : 2004
Artha Suchi written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Economics categories.
Handbook On Critical Political Economy And Public Policy
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Author : Christoph Scherrer
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-01-20
Handbook On Critical Political Economy And Public Policy written by Christoph Scherrer and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-20 with Political Science categories.
This comprehensive and stimulating Handbook examines the contribution of political economy to public policy. It provides an overview of several strands of critical political economy, supported by case studies from OECD countries, Latin America, South Africa, and South and East Asia.
Ieo Evaluation Report On The Imf S Approach To Capital Account Liberalization 2005
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Author : International Monetary Fund. Independent Evaluation Office
language : en
Publisher: International Monetary Fund
Release Date : 2005-08-09
Ieo Evaluation Report On The Imf S Approach To Capital Account Liberalization 2005 written by International Monetary Fund. Independent Evaluation Office 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 2005-08-09 with Business & Economics categories.
Drawing on evidence from a sample of emerging market economies over the period 1990-2004, this evaluation report reviews the IMF’s approach to capital account liberalization and related issues. The evaluation seeks to contribute to transparency by documenting what in practice has been the IMF's approach to these issues and to identify areas where the IMF’s instruments and operating methods might be improved, in order to deal with these issues more effectively.
Political Competition Economic Reform And Growth
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Author : Ivan Pavletic
language : en
Publisher: vdf Hochschulverlag AG
Release Date : 2010
Political Competition Economic Reform And Growth written by Ivan Pavletic and has been published by vdf Hochschulverlag AG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and success of transition reforms. Evidence shows that in countries with a sufficient degree of political competition, citizens responded to economic crises by calling for economic liberalization. Economic liberalization removed existing distortions, increased economic efficiency and raised public welfare. This activated a dynamic, self-enforcing reform process that also strengthened the political and economic power of the poor. In the absence of political competition, such a process failed to emerge, thereby contributing to the persistence of poverty. Based on these findings, there is good reason to postulate that some level of political competition is essential for transition reforms to improve economic efficiency and public welfare in a sustainable manner.
Novai A Literatura Po So T Sial Nym I Gumanitarnym Naukam
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Author :
language : ru
Publisher:
Release Date : 2006
Novai A Literatura Po So T Sial Nym I Gumanitarnym Naukam written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.
Novai A Literatura Po Sot S Ial Nym I Gumanitarnym Naukam
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Author :
language : ru
Publisher:
Release Date : 2006
Novai A Literatura Po Sot S Ial Nym I Gumanitarnym Naukam written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.