Qpm Based Analysis Of Weather Shocks And Monetary Policy In Developing Countries
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Qpm Based Analysis Of Weather Shocks And Monetary Policy In Developing Countries
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Author : Valeriu Nalban
language : en
Publisher: International Monetary Fund
Release Date : 2025-05-23
Qpm Based Analysis Of Weather Shocks And Monetary Policy In Developing Countries written by Valeriu Nalban 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 2025-05-23 with categories.
Weather-related shocks are of a supply-side nature and therefore present significant challenges for monetary policy. Using a Quarterly Projection Model (QPM) framework, this paper provides an overview of weather-relevant analytical exercises that help to understand the propagation channels of these shocks, the policy trade-offs they imply, and the ensuing implications for the conduct of monetary policy. The exercises highlight the important role of economic characteristics and frictions, such as the weight of food expenditures in the consumption basket, the GDP share of the agriculture sector, the degree of imports substituting for the damaged domestic agricultural supply, the extent of inflation expectations’ anchoring and central bank credibility, and the specific characteristics of the monetary policy framework, including the degree of exchange rate flexibility and the definition of the price stability objective. Overall, the extent of these characteristics and frictions in developing countries render them more vulnerable and constitute bigger challenges in monetary policy conduct relative to developed economies.
Evolving Monetary Policy Frameworks In Low Income And Other Developing Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-10-23
Evolving Monetary Policy Frameworks In Low Income And Other Developing Countries written by International Monetary Fund 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 2015-10-23 with Business & Economics categories.
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Taking Stock Of Imf Capacity Development On Monetary Policy Forecasting And Policy Analysis Systems
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Author : John C. Odling-Smee
language : en
Publisher: International Monetary Fund
Release Date : 1993
Taking Stock Of Imf Capacity Development On Monetary Policy Forecasting And Policy Analysis Systems written by John C. Odling-Smee 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 1993 with Business & Economics categories.
This paper takes stock of forecasting and policy analysis system capacity development (FPAS CD), drawing extensively on the experience and lessons learned from developing FPAS capacity in the central banks. By sharing the insights gained during FPAS CD delivery and outlining the typical tools developed in the process, the paper aims to facilitate the understanding of FPAS CD within the IMF and to inform future CD on building macroeconomic frameworks. As such, the paper offers a qualitative assessment of the experience with FPAS CD delivery and the use of FPAS in the decision-making process in central banks.
A Quarterly Projection Model For Tonga
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Author : Mr. Sam Ouliaris
language : en
Publisher: International Monetary Fund
Release Date : 2025-06-20
A Quarterly Projection Model For Tonga written by Mr. Sam Ouliaris 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 2025-06-20 with categories.
This paper customizes to the Tongan economy a macroeconomic model for medium-term quarterly projections of key macro variables (QPM): output, inflation, interest rate, and exchange rate. The model is calibrated to embody the specific attributes of the Tongan economy such as the persistence of domestic output, core inflation and interest rates, as well as Tonga’s monetary policy transmission. It is then used to study three scenarios and assess their impact on the baseline. The first scenario involves shocks proxying for a bank failure. The second scenario introduces shocks that simulate the consequences of a natural disaster. Finally, the third scenario introduces shocks that represent a significant negative external shock on Tonga. These shocks were chosen to reflect the sensitivity of Tonga to adverse financial shocks, to their trading partners’ macroeconomic policies, and to extreme weather events.
Monetary Policy Frameworks In A Global Context
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Author : Lavan Mahadeva
language : en
Publisher: Routledge
Release Date : 2012-11-12
Monetary Policy Frameworks In A Global Context written by Lavan Mahadeva and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.
This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journal
The Second Report On The State Of The World S Plant Genetic Resources For Food And Agriculture
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Author : Food and Agriculture Organization of the United Nations
language : en
Publisher: Food & Agriculture Org.
Release Date : 2010-01-01
The Second Report On The State Of The World S Plant Genetic Resources For Food And Agriculture written by Food and Agriculture Organization of the United Nations and has been published by Food & Agriculture Org. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Technology & Engineering categories.
Plant genetic resources provide a basis for food security, livelihood support and economic development as a major component of biodiversity. The Second Report on the State of the World’s Plant Genetic Resources for Food and Agriculture demonstrates the central role plant genetic diversity continues to play in shaping agriculture growth in the face of climate change and other environmental challenges. It is based on information gathered from Country Reports, regional syntheses, thematic studie s and scientific literature, documenting the major achievements made in this sector during the past decade and identifying the critical gaps and needs that should urgently be addressed. The Report provides the decision-makers with a technical basis for updating the Global Plan of Action on Conservation and Sustainable Use of Plant Genetic Resources for Food and Agriculture. It also aims to attract the attention of the global community to set priorities for the effective management of plant genet ic resources for the future. Purchase a print copy.
Rwanda
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2025-01-17
Rwanda written by International Monetary Fund. Monetary and Capital Markets Department 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 2025-01-17 with categories.
At the request of the National Bank of Rwanda (NBR), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) department was conducted from October 9 to 18, 2023, to enhance the NBR’s Forecasting and Policy Analysis System (FPAS). The mission aimed to strengthen the understanding and application of nowcasting frameworks for Gross Domestic Product (GDP) and Consumer Price Index (CPI) inflation, as well as to analyze the effects of weather shocks on food crop production and fresh food prices. The mission included interactive technical sessions with NBR staff and achieved the following: (1) Improved forecast evaluation by resolving discrepancies in the use of different Core CPI definitions in the medium-term Quarterly Projection Model (QPM) and nowcasting models; (2) Established a system for analyzing the impact of weather shocks, particularly rainfall, on food crop production and fresh food prices; (3) Provided hands-on training for NBR staff on using CPI nowcasting tools to monitor monthly inflation outcomes and creating and interpreting uncertainty fan charts for GDP and CPI projections; and (4) Enhanced understanding of the construction of high-frequency real sector indicators in GDP nowcasting models.
The Federal Reserve System Purposes And Functions
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Author : Board of Governors of the Federal Reserve System
language : en
Publisher:
Release Date : 2002
The Federal Reserve System Purposes And Functions written by Board of Governors of the Federal Reserve System and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Banks and Banking categories.
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Advancing The Frontiers Of Monetary Policy
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Author : Tobias Adrian
language : en
Publisher: International Monetary Fund
Release Date : 2018-04-13
Advancing The Frontiers Of Monetary Policy written by Tobias Adrian 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 2018-04-13 with Business & Economics categories.
Contributors working at the International Monetary Fund present 14 chapters on the development of monetary policy over the past quarter century through the lens of the evolution of inflation-forecast targeting. They describe the principles and practices of inflation-forecast targeting, including managing expectations, the implementation of a forecasting and policy analysis system, monetary operations, monetary policy and financial stability, financial conditions, and transparency and communications; aspects of inflation-forecast targeting in Canada, the Czech Republic, India, and the US; and monetary policy challenges faced by low-income countries and how inflation-forecast targeting can provide an anchor in countries with different economic structures and circumstances.
Introduction To Computable General Equilibrium Models
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Author : Mary E. Burfisher
language : en
Publisher: Cambridge University Press
Release Date : 2016
Introduction To Computable General Equilibrium Models written by Mary E. Burfisher and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Business & Economics categories.
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.