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IMF Staff Papers, Volume 51, No. 3

2004-11-23 Business & Economics
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Release : 2004-11-23
Genre : Business & Economics
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Book Rating : 518/5 ( reviews)

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Book Synopsis IMF Staff Papers, Volume 51, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 51, No. 3 written by International Monetary Fund. Research Dept.. This book was released on 2004-11-23. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP—all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.

IMF Staff Papers

2004
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Release : 2004
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis IMF Staff Papers by : Ashoka Mody

Download or read book IMF Staff Papers written by Ashoka Mody. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: This is the 2004 (Volume 51) Special Issue of IMF Staff Papers, which includes 6 selected papers (from more than 20) that were presented at the IMF's Fourth Annual Research Conference, November 6-7, 2003.

IMF Staff papers

1966-01-01 Business & Economics
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Release : 1966-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 104/5 ( reviews)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept.. This book was released on 1966-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores trends in payment imbalances between 1952 and 1964. When desired reserves deviate appreciably from actual holdings, the authorities will sooner or later readjust their economic policies to reduce the magnitude of the deviation. On the assumption that the priorities given in individual countries to domestic and external objectives of economic policy and the attitudes toward the use of various policy instruments remain unchanged, desired reserves would tend to rise chiefly as a result of the increase in the size of expected payments fluctuations. International reserves of all 65 countries of the study rose over the period studied by 2.5 per cent a year. This low rate of increase reflects, however, the large reduction in US reserves. For all countries of the study excluding the United States, the reserves grew by 6.0 per cent a year. Leaving aside the loss of reserves by the United States, reserves of all countries appear, therefore, to have grown roughly in proportion to the value of trade and to the size of payments imbalances.

IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference

2004-06-10 Business & Economics
Download IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference PDF Online Free

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Release : 2004-06-10
Genre : Business & Economics
Kind : eBook
Book Rating : 204/5 ( reviews)

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Book Synopsis IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference by : Mr.Ashoka Mody

Download or read book IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference written by Mr.Ashoka Mody. This book was released on 2004-06-10. Available in PDF, EPUB and Kindle. Book excerpt: This is the 2004 (Volume 51) Special Issue of IMF Staff Papers, which includes 6 selected papers (from more than 20) that were presented at the IMF's Fourth Annual Research Conference, November 6-7, 2003.

IMF Staff papers

1958-01-01 Business & Economics
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Release : 1958-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 655/5 ( reviews)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept.. This book was released on 1958-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores wage-price link in a prolonged inflation. A fixed tie between wages and prices must have significant effects in any economy. A wage-price link of the type discussed in this paper assumes that wages will be adjusted for any rise in consumer prices, subject to certain safeguards. This will protect wage earners against any significant fall in real wages arising from investment inflation. For a free economy, in which economic adjustments are induced by changes in prices and wages, the imposition of the degree of rigidity implied by this association is of far-reaching importance. in several countries, the use of wage-price links is a consequence of the fear of labor that real wages will be adversely affected by inflation. Although the basic causes of inflation vary widely in different countries and at different times, the process of inflation always shows similar characteristics. In an economy which is functioning properly, the distribution and use of the gross national product should result in an aggregate demand for goods and services that tend to equal the available supply of goods and services at approximately stable prices.

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