 | GEM : A New International Macroeconomic Model Author/Editor: Tamim Bayoumi, Hamid Faruqee, Douglas Laxton, Philippe D Karam, Alessandro Rebucci, Jaewoo Lee, Benjamin Hunt, Ivan Tchakarov. Release Date:November, 2004 Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM more...
| Price: $25.00
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 | Measuring Disinflation Credibility in Emerging Markets : A Bayesian Approach with An Application to Turkey Author/Editor: Alessandro Rebucci, Marco Rossi. Release Date:November, 2004 This paper presents an empirical measure of disinflation credibility and discusses its evolution in Turkey since the 2001 crisis. The results indicate that credibility has improved markedly over this more...
| Price: $15.00
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| The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's? Author/Editor: Benjamin Hunt, Alessandro Rebucci. Release Date:October, 2003 Based on a version of the IMF’s new Global Economic Model (GEM), calibrated to analyze macroeconomic interdependence between the United States and the rest of the world, this paper asks to more...
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| Measuring Contagion with a Bayesian Time-Varying Coefficient Model Author/Editor: Alessandro Rebucci, Matteo Ciccarelli. Release Date:September, 2003 We propose using a Bayesian time-varying coefficient model estimated with Markov chain-Monte Carlo methods to measure contagion empirically. The proposed measure works in the joint presence of more...
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| Bayesian Vars : A Survey of the Recent Literature with An Application to the European Monetary System Author/Editor: Matteo Ciccarelli, Alessandro Rebucci. Release Date:May, 2003 This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the more...
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| Retail Bank Interest Rate Pass-Through : Is Chile Atypical? Author/Editor: Alessandro Rebucci, Marco A Espinosa-Vega. Release Date:May, 2003 This paper investigates empirically the pass-through of money market interest rates to retail banking interest rates in Chile, the United States, Canada, Australia, New Zealand, and five European more...
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| On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specifications Author/Editor: Alessandro Rebucci. Release Date:April, 2003 This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by cross-section heterogeneity in the slope parameters of stationary vector autoregressions (VARs). The paper more...
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| The Transmission Mechanism of European Monetary Policy : Is There Heterogeneity? Is it Changing over Time? Author/Editor: Matteo Ciccarelli, Alessandro Rebucci. Release Date:March, 2002 This paper investigates the transmission mechanism of monetary policy in the four largest euro area countries by means Bayesian estimation of dynamic econometric models. Based on pre-EMU evidence more...
| Price: $15.00
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| Monetary Rules for Emerging Market Economies Author/Editor: Alessandro Rebucci, Fabio Ghironi. Release Date:February, 2002 We compare the performance of a currency board, inflation targeting, and dollarization in a small, open developing economy with a liberalized capital account. We focus on the transmission of shocks more...
| Price: $15.00
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