Author/Editor: A. J. Al-Eyd, David Amaglobeli, Bahrom Shukurov, Mariusz A. Sumlinski.

Release Date: March, 2012

This paper examines the implications of elevated global food prices for inflation in select Central Asian economies - Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The findings suggest more...

Author/Editor: Oya Celasun, Roxana Mihet, Lev Ratnovski.

Release Date: March, 2012

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well-anchored, including in response to commodity price shocks. We find that oil price more...

Release Date: February, 2012

Release Date: February, 2012

Release Date: January, 2012

Over the past decade, Indonesia has developed into an important regional and global economy, as well as an active participant in the G20. The chapters in this book document the substantial more...

Author/Editor: Pelin Berkmen.

Release Date: January, 2012

This paper asks whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds more...

Author/Editor: Ales Bulir, Martin Cihák, David-Jan Jansen.

Release Date: January, 2012

This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the more...

Author/Editor: Seok Gil Park.

Release Date: January, 2012

Although central banks have recently taken unconventional policy actions to try to shore up macroeconomic and financial stability, little theory is available to assess the consequences of such more...

Author/Editor: Florence Jaumotte, Hanan Morsy.

Release Date: January, 2012

While inflation differentials in a monetary union can be benign, reflecting a catch-up process, or an adjustment mechanism to asymmetric shocks or different business cycles, they may also indicate more...

Author/Editor: Maral Shamloo.

Release Date: December, 2011

In this paper we study the dynamics of inflation in Macedonia, provide three forecasting tools and draw some policy conclusions from the quantitative results. We explore three forecasting methods for more...

Author/Editor: Oral Williams, Kamiar Mohaddes.

Release Date: December, 2011

This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results more...

Release Date: November, 2011

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff more...

Author/Editor: Carolina Osorio, Filiz Unsal.

Release Date: November, 2011

The perception that Asia''s inflation dynamics is driven by idiosyncratic supply shocks implies, as a corollary, that there is little scope for a policy reaction to a build-up of inflationary more...

Author/Editor: Marcos Poplawski-Ribeiro, Darlena Tartari Schwegler, Carlos Caceres.

Release Date: October, 2011

This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel cointegrated more...

Release Date: September, 2011

Burundi’s extreme poverty, post-conflict environment, and persistent fragility created considerable risks to program implementation, calling for extensive flexibility in engagement. The program more...

Release Date: August, 2011

Abstract more...

Release Date: July, 2011

Release Date: July, 2011

Release Date: June, 2011

Trade was also initially undermined by a severe recession. Kazakhstan is facing increased challenges from higher global commodity prices. Against this background, an encompassing policy response is more...

Release Date: May, 2011