 | Demographic Headwinds in Central and Eastern Europe Author/Editor: Cristina Batog, Ernesto Crivelli, Anna Ilyina, Zoltan Jakab, Jaewoo Lee, Anvar Musayev, Iva Petrova, Alasdair Scott, Anna Shabunina, Andreas Tudyka, Xin Cindy Xu, Ruifeng Zhang. Release Date:July, 2019 The populations of Central and Eastern European (CESEE) countries—with the exception of Turkey—are expected to decrease significantly over the next 30 years, driven by low or negative net birth more...
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 | Monetary and Macroprudential Policy Rules in a Model with House Price Booms Author/Editor: Alasdair Scott, Pau Rabanal, Prakash Kannan. Release Date:November, 2009 We argue that a stronger emphasis on macrofinancial risk could provide stabilization benefits. Simulations results suggest that strong monetary reactions to accelerator mechanisms that push up credit more...
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| Macroeconomic Patterns and Monetary Policy in the Run-up to Asset Price Busts Author/Editor: Alasdair Scott, Pau Rabanal, Prakash Kannan. Release Date:November, 2009 We find that inflation, output and the stance of monetary policy do not typically display unusual behavior ahead of asset price busts. By contrast, credit, shares of investment in GDP, current more...
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| Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT) Author/Editor: Douglas Laxton, Alasdair Scott, David Rose. Release Date:March, 2009 This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation-forecast targeting regime at a central bank. It includes discussion of the more...
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