 | Modeling with Macro-Financial Linkages : Credit and Policy Shocks in Emerging Markets Author/Editor: Jaromir Benes, Inci Ötker, David Vávra. Release Date:June, 2009 This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for more...
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| Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective Author/Editor: Inci Ötker, David Vávra, Francisco F. Vazquez, Luis Ignacio Jácome, Karl Friedrich Habermeier, Kotaro Ishi, Alessandro Giustiniani, Turgut Kisinbay. Release Date:January, 2009 This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews more...
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