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Results 11 - 20
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12,289
International Monetary Fund
, 2005
"... This paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exchange. It presents a potential solution to the home bias puzzle in the context of a model in which some goods prices are set without full in ..."
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This paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exchange. It presents a potential solution to the home bias puzzle in the context of a model in which some goods prices are set without full
International Monetary Fund
"... In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity exporting economy where macro pol ..."
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In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity exporting economy where macro
International Monetary Fund
"... We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. We identify a condition under which these asset prices becomes more volatile without affecting the volatility of the underlying processes—a positive ..."
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We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. We identify a condition under which these asset prices becomes more volatile without affecting the volatility of the underlying processes
International Monetary Fund
, 2010
"... We estimate a dynamic general equilibrium model of an open economy to measure the effects of alternative expansionary fiscal shocks on the trade balance in the euro area. We do find that expansionary fiscal shocks- both those on the expenditure and revenue side- induce a joint deterioration of the p ..."
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by higher exports The monetary policy stance and the type of fiscal financing do not greatly affect the size of trade balance deterioration, even if they magnify the impact of fiscal shocks on gross imports and international
International Monetary Fund
, 2003
"... This paper is a summary case study of the efforts to build a new financial system in post-conflict Afghanistan. It focuses on IMF technical assistance that was carried out from October 2001 to May 2003 when staff of the Monetary and Financial Systems Department and contracted experts provided compre ..."
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This paper is a summary case study of the efforts to build a new financial system in post-conflict Afghanistan. It focuses on IMF technical assistance that was carried out from October 2001 to May 2003 when staff of the Monetary and Financial Systems Department and contracted experts provided
International Monetary Fund
, 2004
"... In previous work (Eggertsson and Woodford, 2003), we characterized the optimal conduct of monetary policy when a real disturbance causes the natural rate of interest to be temporarily negative, so that the zero lower bound on nominal interest rates binds, and showed that commitment to a history-depe ..."
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In previous work (Eggertsson and Woodford, 2003), we characterized the optimal conduct of monetary policy when a real disturbance causes the natural rate of interest to be temporarily negative, so that the zero lower bound on nominal interest rates binds, and showed that commitment to a history
International Monetary Fund
, 2012
"... We provide cross-country evidence on the relative importance of cyclical and structural factors in explaining unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75 % of the forecast error variance of unemployment is accounted for by cyc ..."
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for by cyclical factors—real GDP changes (“Okun’s Law”), monetary and fiscal policies, and the uncertainty effects emphasized by Bloom (2009). Structural factors, which we measure using the dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split
International Monetary Fund).
"... References Accessing Global Knowledge (AGN) International, 2011, “Tax Surveys ” (London), available at www.agn-europe.org/tax/ index.html. Acemoglu, D., and J. Robinson, 2008, “Persistence of Power, ..."
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References Accessing Global Knowledge (AGN) International, 2011, “Tax Surveys ” (London), available at www.agn-europe.org/tax/ index.html. Acemoglu, D., and J. Robinson, 2008, “Persistence of Power,
International Monetary Fund
, 2014
"... This paper has two related goals: (i) construct a model where money and credit coexist; (ii) pursue in this setting a theory of endogenous sticky prices that can be taken to the data. Search frictions generate price dispersion, and lead to monetary equilibria where pro
t-maximizing sellers set nomin ..."
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This paper has two related goals: (i) construct a model where money and credit coexist; (ii) pursue in this setting a theory of endogenous sticky prices that can be taken to the data. Search frictions generate price dispersion, and lead to monetary equilibria where pro
t-maximizing sellers set
International Monetary Fund
, 2012
"... We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for aggrega ..."
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recapitalization funds are raised from the household rather than the real sector, and may increase after a reduction in financial intermediaries idiosyncratic risk that raises leverage.
Results 11 - 20
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12,289
