Is Poland Ready for Inflation Targeting?

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Publisher : International Monetary Fund
ISBN 13 : 1451846088
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Is Poland Ready for Inflation Targeting? by : Mr.Robert F. Westcott

Download or read book Is Poland Ready for Inflation Targeting? written by Mr.Robert F. Westcott and published by International Monetary Fund. This book was released on 1999-03-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitivity of these CPI measures to changes in a set of 25 policy and economic variables is then studied via Granger causality tests and impulse responses and a multivariate model of CPI inflation developed. The results show that a core set of variables characterize one-period-ahead underlying inflation moderately well but that statistical linkages are not yet robust.

The Inflation-Targeting Debate

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Publisher : University of Chicago Press
ISBN 13 : 0226044734
Total Pages : 469 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Inflation-Targeting Debate by : Ben S. Bernanke

Download or read book The Inflation-Targeting Debate written by Ben S. Bernanke and published by University of Chicago Press. This book was released on 2007-11-01 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting—its potential, its successes, and its limitations—from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.

External Evaluation of IMF Economic Research Activities

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Publisher : International Monetary Fund
ISBN 13 : 9781557758620
Total Pages : 98 pages
Book Rating : 4.7/5 (586 download)

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Book Synopsis External Evaluation of IMF Economic Research Activities by : International Monetary Fund

Download or read book External Evaluation of IMF Economic Research Activities written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-04-11 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, commissioned by the Executive Board, was prepared by a committee of academic economists. The report assesses the appropriateness of current research activities, the quality and added value of the IMF's economic research and its utility in the IMF among its member countries and within the wider economics community. This publication also includes responses to the report by the IMF's staff, Managing Director, and Executive Board.

Inflation Targets in a Global Context

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Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Inflation Targets in a Global Context by : Gabriel Sterne

Download or read book Inflation Targets in a Global Context written by Gabriel Sterne and published by . This book was released on 2001 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Frameworks in a Global Context

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Publisher : Routledge
ISBN 13 : 1135126631
Total Pages : 692 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Monetary Policy Frameworks in a Global Context by : Lavan Mahadeva

Download or read book Monetary Policy Frameworks in a Global Context written by Lavan Mahadeva and published by Routledge. This book was released on 2012-11-12 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

East European Transition and EU Enlargement

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Publisher : Springer Science & Business Media
ISBN 13 : 3642574971
Total Pages : 385 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis East European Transition and EU Enlargement by : Wojciech W. Charemza

Download or read book East European Transition and EU Enlargement written by Wojciech W. Charemza and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 1998 the European Union formally launched the accession process that will lead to a significant enlargement of the Union. So far ten countries from Central Europe: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic and Slovenia have submitted their applications for EU membership. This unique process immediately attracted attention of economists and policy makers. Nevertheless, it can be noticed that among numerous results already published, there is a distinctive shortage of books and papers in which quantitative research methods are applied. This is to a large extent justified by the fact that the transition and accession processes are new to the economic sciences, their methodology is not wellresearched, statistical data for the Central and East European countries are scarce and not always reliable and, generally, quantitative approach seems to be a risky and uncertain business. All these all problems can also be seen as a challenge rather than an obstacle. With this on mind, we have decided to clarify the status quo by organising a research seminar which focused on the methodology and quantitative analysis of the Central and East European transition and pre-accession processes. The seminar, East European Transition and EU Enlargement: a Quantitative Approach organised by Macroeconomic and Financial Data Centre (University of Gdansk and University ofLeicester) took place in Gdansk in June 2001. Our edited volume contains papers developed from this seminar.

Monetary Integration and Dollarization

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Publisher : Edward Elgar Publishing
ISBN 13 : 1847200257
Total Pages : 319 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Monetary Integration and Dollarization by : Matias Vernengo

Download or read book Monetary Integration and Dollarization written by Matias Vernengo and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together an impressive and diverse group of authors to discuss its central theme: whether or not the dollarized international monetary system is sustainable in the context of the global economy it helped create. In addition to its uniquely well-rounded and comprehensive coverage of the issues, this lively and highly readable volume provides an accurate assessment of the lack of consensus in the current debate. A must read for anyone interested in currency crises and the increasing vulnerability of the dollar. Jane D Arista, Director of Progams, Financial Markets Center, US This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best. The contributors in this volume try to go beyond the OCA model and understand the political economy of monetary integration by comparing the European Monetary Union with the dollarization (formal and informal) process in Latin America. The contributors, many of whom are leading lights, reflect the disagreements and the changing views on the proper monetary arrangements in a globalized world and suggest that monetary integration and dollarization are not the solution for the great majority of countries around the world. Monetary Integration and Dollarization brings together mainstream and heterodox views of monetary integration and uses the European and North American experiences as a guide for the discussion of dollarization in developing countries. It will appeal to scholars, researchers and policy makers in the fields of financial and international economics.

Inflation Targeting in Transition Economies

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Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Inflation Targeting in Transition Economies by : Warren L. Coats

Download or read book Inflation Targeting in Transition Economies written by Warren L. Coats and published by . This book was released on 2000 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

OECD Economic Surveys: Poland 2006

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Publisher : OECD Publishing
ISBN 13 : 9264026223
Total Pages : 158 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Economic Surveys: Poland 2006 by : OECD

Download or read book OECD Economic Surveys: Poland 2006 written by OECD and published by OECD Publishing. This book was released on 2006-06-29 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of OECD's periodic review of Poland's economy finds that growth has strengthened again in Poland, but that higher rates of investment, further structural change, and improved labour and education policies are required to sustain this ...

Republic of Poland

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Publisher : International Monetary Fund
ISBN 13 : 1455213799
Total Pages : 87 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Republic of Poland by : International Monetary Fund

Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-01-21 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poland’s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The previous Flexible Credit Line (FCL) arrangements served the Polish economy well and provided adequate insurance against negative spillover risks. Executive Directors emphasized the need to implement economic policies that preserve macroeconomic stability. Against this background, Directors approved the request for a new two-year arrangement under the FCL, which would provide an essential buffer against a possible increase in risk aversion. The authorities intend to treat the new FCL arrangement as a precautionary instrument.

OECD Economic Surveys: Poland 2000

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Publisher : OECD Publishing
ISBN 13 : 9264177345
Total Pages : 205 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis OECD Economic Surveys: Poland 2000 by : OECD

Download or read book OECD Economic Surveys: Poland 2000 written by OECD and published by OECD Publishing. This book was released on 2000-03-01 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2000 edition of OECD's periodic review of Poland's economy examines recent economic developments, policies and prospects and includes special features on structural reform, the health care system, and reforming the tax system.

Inflation Targeting and Central Banks

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Publisher : Routledge
ISBN 13 : 100042264X
Total Pages : 281 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Inflation Targeting and Central Banks by : Joanna Niedźwiedzińska

Download or read book Inflation Targeting and Central Banks written by Joanna Niedźwiedzińska and published by Routledge. This book was released on 2021-07-28 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last three decades, inflation targeting (IT) has become the most popular monetary policy framework among larger economies. At the same time, its constituting features leave room for different interpretations, translating into various central banks’ institutional set-ups. Against this backdrop, this book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question of whether there are significant differences in IT central banks’ institutional set-ups, and—if yes—whether they influence the ability of monetary authorities to meet their policy goals. The book examines around 70 aspects related to independence, accountability and transparency of 42 IT central banks over the last 30 years. Based on the analysis, it can be concluded that the quality of the institutional set-ups materially affects monetary policy effectiveness. In fact, a visible improvement of institutional arrangements resulting from pursuing an inflation targeting strategy can be treated as its lasting contribution to central banking. Thus, despite the recent critique of the framework, its prospects continue to be rather favourable. Overall, for the advocates of inflation targeting, the findings of the book can be seen as identifying the sources of IT strengths, while for IT opponents, they may be viewed as indicating which elements of IT institutional set-ups should be kept even if the need to replace this strategy with another regime will, indeed, result in a change. Given the role monetary policy plays within the economy, such knowledge may have significant implications. Therefore, the book will be relevant for different audiences, including scholars and researchers of monetary economics and monetary policy, and will be essential reading for central banks already pursuing an IT strategy or those preparing to adopt one. Importantly, the book includes supplementary indices of proposed institutional arrangements that assess a range of aspects related to IT central bank’s independence, accountability, and transparency. Readers thus have access to the author’s full database, which covers individual indices for all monetary authorities investigated across the given period of analysis.

Transition Report

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Publisher :
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.3/5 (21 download)

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Book Synopsis Transition Report by :

Download or read book Transition Report written by and published by . This book was released on 2001-04 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Targeting and the IMF

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Publisher : International Monetary Fund
ISBN 13 : 1498332927
Total Pages : 65 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Inflation Targeting and the IMF by : International Monetary Fund. Monetary and Financial Systems Dept.

Download or read book Inflation Targeting and the IMF written by International Monetary Fund. Monetary and Financial Systems Dept. and published by International Monetary Fund. This book was released on 2006-03-16 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting countries to review the implications for the Fund’s approach to surveillance, technical assistance, and the design of conditionality in Fund-supported programs. For this examination, the paper uses macroeconomic data, technical assistance reports, and a new survey of central banks in selected emerging markets.

Why Inflation Targeting?

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Publisher : International Monetary Fund
ISBN 13 : 145187233X
Total Pages : 27 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Why Inflation Targeting? by : Charles Freedman

Download or read book Why Inflation Targeting? written by Charles Freedman and published by International Monetary Fund. This book was released on 2009-04-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.

Macroeconomic Policies for EU Accession

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781847205230
Total Pages : 360 pages
Book Rating : 4.2/5 (52 download)

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Book Synopsis Macroeconomic Policies for EU Accession by : Erdem Basci

Download or read book Macroeconomic Policies for EU Accession written by Erdem Basci and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: What macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors - well-known economists and policymakers - examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration. The book is divided into four parts: fiscal policies and sustainability of public finances, monetary policy challenges, preconditions for euro adoption, sustainable regimes of capital movements. Each topic is studied in two consecutive papers concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey. Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.

Exchange Rates, Capital Flows and Policy

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Publisher : Routledge
ISBN 13 : 1134261985
Total Pages : 436 pages
Book Rating : 4.1/5 (342 download)

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Book Synopsis Exchange Rates, Capital Flows and Policy by : Rebecca Driver

Download or read book Exchange Rates, Capital Flows and Policy written by Rebecca Driver and published by Routledge. This book was released on 2013-04-15 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.