 | Inflation-Forecast Targeting : Applying the Principle of Transparency Author/Editor: Kevin Clinton, Charles Freedman, Michel Juillard, Ondrej Kamenik, Douglas Laxton, Hou Wang. Release Date:June, 2015 Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation more...
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| Avoiding Dark Corners : A Robust Monetary Policy Framework for the United States Author/Editor: Ali Alichi, Kevin Clinton, Charles Freedman, Ondra Kamenik, Michel Juillard, Douglas Laxton, Jarkko Turunen, Hou Wang. Release Date:June, 2015 The Fed has taken several steps towards strengthening its monetary framework over the past several years. Those steps have supported the Fed’s efforts to stimulate the economy through forward more...
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| Frontiers of Monetary Policymaking: Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic Author/Editor: Ali Alichi, Jaromir Benes, Joshua Felman, Irene Feng, Charles Freedman, Douglas Laxton, Evan Tanner, David Vavra, Hou Wang. Release Date:April, 2015 The paper first describes how the Czech National Bank (CNB) moved gradually from a fixed exchange rate regime to the frontiers of Inflation-Forecast Targeting. It then focuses on the CNB’s recent more...
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| GPM6 : The Global Projection Model with 6 Regions Author/Editor: Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondra Kamenik, Petar Manchev. Release Date:April, 2013 This is the sixth of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to more...
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| Important Elements for Inflation Targeting for Emerging Economies Author/Editor: Inci Ötker, Charles Freedman. Release Date:May, 2010 This is the fifth chapter of a forthcoming monograph entitled On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say. It examines whether certain more...
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 | Effects of Fiscal Stimulus in Structural Models Author/Editor: Michael Kumhof, Dirk Muir, Carlos de Resende, Jan in ‘t Veld, René Lalonde, Davide Furceri, Annabelle Mourougane, John Roberts, Stephen Snudden, Mathias Trabandt, G Release Date:WP.jpg
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| Inflation Targeting Pillars - Transparency and Accountability Author/Editor: Douglas Laxton, Charles Freedman. Release Date:December, 2009 This is the fourth chapter of a forthcoming monograph entitled On Implementing Full-Fledged Inflation- Targeting Regimes: Saying What You Do and Doing What You Say. It examines a number of issues more...
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| Adding Indonesia to the Global Projection Model Author/Editor: Roberto Garcia-Saltos, Douglas Laxton, Michal Andrle, Haris Munandar, Charles Freedman, Danny Hermawan. Release Date:November, 2009 This is the fifth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the more...
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| Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits Author/Editor: Douglas Laxton, Dirk Muir, Michael Kumhof, Susanna Mursula, Charles Freedman. Release Date:November, 2009 This paper uses the IMF's Global Integrated Monetary and Fiscal Model to compute shortrun multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of more...
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| Country Experiences with the Introduction and Implementation of Inflation Targeting Author/Editor: Inci Ötker, Charles Freedman. Release Date:July, 2009 This is the tenth chapter of a forthcoming monograph entitled, On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say. It describes the experiences of more...
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