Author/Editor: Jörg Decressin, Raphael A. Espinoza, Ioannis Halikias, Michael Kumhof, Daniel Leigh, Prakash Loungani, Paulo A. Medas, Susanna Mursula, Antonio Spilimbergo, TengTeng Xu.

Release Date:November, 2015

The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive more...

Author/Editor: Brad Setser, Ioannis Halikias, Alexander Pitt, Christoph B Rosenberg, Brett E House, Jens Nystedt, Christian Keller.

Release Date:October, 2005

The analysis of currency and maturity mismatches in sectoral balance sheets has increasingly become a regular element in the IMF’s tool kit for surveillance in emerging market countries. This paper more...

Author/Editor: Joaquim Vieira Ferreira Levy, Ioannis Halikias.

Release Date:April, 1997

This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are decomposed into external and domestic components, and a nonrecursive more...

Author/Editor: Ioannis Halikias.

Release Date:May, 1996

This paper explores, from an investment-saving perspective, the factors underlying the persistent widening of the current account surplus in the Netherlands since the early 1980s. Standard more...

Author/Editor: Ioannis Halikias.

Release Date:October, 1993

This paper examines the credibility of the exchange rate policy pursued by the Belgian monetary authorities of pegging the Belgian franc to a narrow fluctuation band around the deutsche mark, in the more...