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Author : Weshah Razzak
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)
Download or read book The Output Gap Using the Hodrick-Prescott Filter with a Non- Constant Smoothing Parameter written by Weshah Razzak and published by . This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michal Andrle
Publisher : International Monetary Fund
ISBN 13 : 1484399552
Total Pages : 45 pages
Book Rating : 4.4/5 (843 download)
Download or read book What Is in Your Output Gap? Unified Framework & Decomposition into Observables written by Michal Andrle and published by International Monetary Fund. This book was released on 2013-05-10 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart of contributing factors, in the case of multi-variable methods, sharpens the intuition behind the estimates and ultimately shows ‘what is in your output gap.’ The paper demonstrates how to interpret effects of data revisions and new data releases for output gap estimates (news effects) and how to obtain more insight into real-time properties of estimators.
Author : Weshah Razzak
Publisher : Taylor & Francis
ISBN 13 : 1000880575
Total Pages : 377 pages
Book Rating : 4.0/5 (8 download)
Download or read book Inflation Dynamic written by Weshah Razzak and published by Taylor & Francis. This book was released on 2023-06-16 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains inflation dynamic, using time series data from 1960 for 42 countries. These countries are different in every aspect, historically, culturally, socially, politically, institutionally, and economically. They are chosen on the basis of the data availability only and cover the Middle East and North Africa (MENA) region, Africa, Asia, the Caribbean, Europe, Australasia, and the United States. Inflation reached double digits in the developed countries in the 1970s and 80s, and then central banks, successfully stabilized it by anchoring inflation expectations for decades, until now. Conditional on common and country-specific shocks such as oil price shocks, financial and banking and political crises, wars, pandemics, natural disasters etc., the book tests various theoretical models about the long and short run relationships between money and prices, money growth and inflation, money growth and real output, expected inflation; the output gap, fiscal policy, and inflation, using a number of parametric and non-parametric methods, and pays attention to specifications and estimations problems. In addition, it explains why policymakers in inflation – targeting countries, e.g. the U.S., failed to anticipate the recent sudden rise in inflation. And, it examines the fallibility of the Modern Monetary Theory’s policy prescription to reduce inflation by raising taxes. This is a unique and innovative book, which will find an audience among students, academics, researchers, policy makers, analysts in corporations, private and central banks and international monetary institutions.
Author : Iris Claus
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Output Gap written by Iris Claus and published by . This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lucrezia Reichlin
Publisher : Centre for Economic Policy Research
ISBN 13 : 1898128839
Total Pages : 103 pages
Book Rating : 4.8/5 (981 download)
Download or read book The Euro Area Business Cycle written by Lucrezia Reichlin and published by Centre for Economic Policy Research. This book was released on 2004 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gebhard Flaig
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (794 download)
Download or read book Why We Should Use High Values for the Smoothing Parameter of the Hodrick-Prescott Filter written by Gebhard Flaig and published by . This book was released on 2012 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paul Conway
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book A Spectral Analysis of New Zealand Output Gaps Using Fourier and Wavelet Techniques written by Paul Conway and published by . This book was released on 2000 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Muzafar Shah Habibullah
Publisher : Routledge
ISBN 13 : 042982436X
Total Pages : 211 pages
Book Rating : 4.4/5 (298 download)
Download or read book Divisia Monetary Aggregates and Economic Activities in Asian Developing Economies written by Muzafar Shah Habibullah and published by Routledge. This book was released on 2019-07-09 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume examines the role and effects of financial liberalisation in ten deregulated Asian developing countries including Indonesia, Malaysia, Myanmar, Nepal, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan and Thailand. These areas experienced significant financial and economic changes between the ‘financially repressed economies’ of the 1970s through to the 1990s. Muzafar Shah Habibullah approaches this issue in two parts. Part 1 provides empirical evidence of relationships between monetary aggregates, nominal income and price level. In part 2, he offers an early attempt to evaluate the Divisia monetary aggregate as an alternative to the Simple-sum aggregate as an indicator for the financial and economic situation of Asian developing countries.
Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292544551
Total Pages : 564 pages
Book Rating : 4.2/5 (925 download)
Download or read book Asian Development Outlook 2014 Update written by Asian Development Bank and published by Asian Development Bank. This book was released on 2014-09-01 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Asia is maintaining steady growth momentum. Despite recovery in the major industrialized economies falling short of expectations, the region is on track to meet its favorable forecasts as policy stabilizes investment in the People’s Republic of China and signs emerge of a long-awaited turnaround in India. Inflation is held in check across most regional economies by benign international commodity prices, subdued domestic demand, and prudent policy. Even if global liquidity tightens earlier in 2015 than anticipated, its effect on developing Asia should be modest. Asian Development Outlook 2014 Update reviews global value chains and how these cross-border production networks have enhanced income and employment in East and Southeast Asia. It considers what policy makers can do to encourage their improvement and spread to other parts of Asia and the Pacific.
Author : Paul Conway
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)
Download or read book Estimating Potential Output written by Paul Conway and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tessaleno C. Devezas
Publisher : IOS Press
ISBN 13 : 1586035886
Total Pages : 352 pages
Book Rating : 4.5/5 (86 download)
Download or read book Kondratieff Waves, Warfare and World Security written by Tessaleno C. Devezas and published by IOS Press. This book was released on 2006 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considerable progress has been made in understanding the underlying mechanisms driving the long-wave behaviour of the world socioeconomic development. A controversial mechanism discussed is the close relationship between K-waves and the outbreak of majors wars.
Author : Jagjit S. Chadha
Publisher : Cambridge University Press
ISBN 13 : 1107044553
Total Pages : 571 pages
Book Rating : 4.1/5 (7 download)
Download or read book Developments in Macro-Finance Yield Curve Modelling written by Jagjit S. Chadha and published by Cambridge University Press. This book was released on 2014-02-06 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-of-the-art research from academics and policymakers on the role of and challenges to monetary policy during the ongoing financial crisis.
Author : Weshah Razzak
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (318 download)
Download or read book Monetary Policy and Forecasting Inflation with and Without the Output Gap written by Weshah Razzak and published by . This book was released on 2002 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ekkehart Schlicht
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (535 download)
Download or read book Estimating the Smoothing Parameter in the So-called Hodrick-prescott Filter written by Ekkehart Schlicht and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrea Beccarini
Publisher : CEPS
ISBN 13 : 9290798130
Total Pages : 32 pages
Book Rating : 4.2/5 (97 download)
Download or read book At what Cost Price Stability? written by Andrea Beccarini and published by CEPS. This book was released on 2008 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With inflation increasing all over the world, central banks have to consider with some care how quickly to re-establish price stability. A key issue in this context is the short-run cost in terms of foregone output and higher unemployment. The aim of this paper is to determine the 'sacrifice ratio' for the Euro Area and for the United States. The main findings are: the cost of reducing inflation is in most cases higher in the US than in the EA. For example, reducing (headline) inflation by 1% point requires a decline of output of 1.4% in the EU, but 2.3% for the US. Considering core inflation, the sacrifice ratio in terms of output is somewhat higher for the Euro Area (around 4) compared to 3.2 for the US. However, the sacrifice ratios in terms of unemployment are always much larger for the US. Reducing headline inflation by 1% requires an increase in unemployment of little more than 1% in the EA, compared to 8% in the US.However, there is also a long-run 'hysterisis' cost that is specific to the Euro Area since the reaction of unemployment to output depends on the state of the economy. During downturns this relationship worsens. This implies that a recession engineered to combat inflation will have an additional cost in terms of lower unemployment later, even after the recovery of the economy.
Author : Felix Hüfner
Publisher : Springer Science & Business Media
ISBN 13 : 9783790801286
Total Pages : 194 pages
Book Rating : 4.8/5 (12 download)
Download or read book Foreign Exchange Intervention as a Monetary Policy Instrument written by Felix Hüfner and published by Springer Science & Business Media. This book was released on 2004 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to closing this gap between theory and practice by interpreting foreign exchange intervention as an additional monetary policy instrument for inflation targeting central banks. In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) demonstrate how foreign exchange intervention is used in practice.
Author : Paul Krugman
Publisher : University of Chicago Press
ISBN 13 : 0226454649
Total Pages : 367 pages
Book Rating : 4.2/5 (264 download)
Download or read book Currency Crises written by Paul Krugman and published by University of Chicago Press. This book was released on 2007-12-01 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises—the Latin American debt crisis of the 1980s, the speculations on European currencies in the early 1990s, and the ensuing Mexican, South American, and Asian crises—have played a central role in world affairs and continue to occur at an alarming rate, many questions about their causes and effects remain to be answered. In this wide-ranging volume, some of the best minds in economics focus on the historical and theoretical aspects of currency crises to investigate three fundamental issues: What drives currency crises? How should government behavior be modeled? And what are the actual consequences to the real economy? Reflecting the latest thinking on the subject, this offering from the NBER will serve as a useful basis for further debate on the theory and practice of speculative attacks, as well as a valuable resource as new crises loom.
