Advancing The Frontiers Of Monetary Policy PDF Download
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| Author | : Tobias Adrian |
| Publisher | : International Monetary Fund |
| Total Pages | : 297 |
| Release | : 2018-04-13 |
| Genre | : Business & Economics |
| ISBN | : 1484344480 |
Download Advancing the Frontiers of Monetary Policy Book in PDF, ePub and Kindle
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis highlights the need for assertive policies and maximum transparency.
| Author | : Tobias Adrian |
| Publisher | : |
| Total Pages | : 289 |
| Release | : 2018 |
| Genre | : Inflation targeting |
| ISBN | : 9781484344491 |
Download Advancing the Frontiers of Monetary Policy Book in PDF, ePub and Kindle
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis highlights the need for assertive policies and maximum transparency.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 1988-10-04 |
| Genre | : Business & Economics |
| ISBN | : 1451952570 |
Download Monetary Policy Strategies Book in PDF, ePub and Kindle
The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal algorithmic learning has been accomplished, and when time consistency problems are significant, a mixed strategy that combines a simple verifiable rule with discretion is attractive. The paper also discusses mechanisms for mitigating credibility problems and emphasizes that arguments against various types of simple rules lose their force under a mixed strategy.
| Author | : Rania A. Al-Mashat |
| Publisher | : International Monetary Fund |
| Total Pages | : 71 |
| Release | : 2018-10-01 |
| Genre | : Business & Economics |
| ISBN | : 1484379535 |
Download An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank Book in PDF, ePub and Kindle
This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Policy Analysis System (FPAS) to implement a full-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy objectives, the FPAS designed to support IFT, and the monetary policymaking process. For the CNB, all three components have shown substantial improvements over time but a few gaps remain. The CNB is currently working on eliminating some of these gaps.
| Author | : Ruchir Agarwal |
| Publisher | : International Monetary Fund |
| Total Pages | : 66 |
| Release | : 2018-12-07 |
| Genre | : Business & Economics |
| ISBN | : 1484385861 |
Download Invisible Geniuses: Could the Knowledge Frontier Advance Faster? Book in PDF, ePub and Kindle
The advancement of the knowledge frontier is crucial for technological innovation and human progress. Using novel data from the setting of mathematics, this paper establishes two results. First, we document that individuals who demonstrate exceptional talent in their teenage years have an irreplaceable ability to create new ideas over their lifetime, suggesting that talent is a central ingredient in the production of knowledge. Second, such talented individuals born in low- or middle-income countries are systematically less likely to become knowledge producers. Our findings suggest that policies to encourage exceptionally-talented youth to pursue scientific careers—especially those from lower income countries—could accelerate the advancement of the knowledge frontier.
| Author | : Ha-Joon Chang |
| Publisher | : Zed Books |
| Total Pages | : 264 |
| Release | : 2004-05 |
| Genre | : Business & Economics |
| ISBN | : 9781842772010 |
Download Reclaiming Development Book in PDF, ePub and Kindle
The authors of this book challenge prevailing ideas about free markets and globalization. They question whether globalization is a technological reality that cannot be stopped and ask if the US economy really outperformed its competitors in the 1990s. They show how in each key area--trade and industrial policy, privatization, intellectual property rights, investment and financial policies, exchange rate and currency policy, labour and social welfare --there are alternatives to neoliberal policies that the historical experience of particular countries prove really works.
| Author | : Ben Fine |
| Publisher | : |
| Total Pages | : 163 |
| Release | : 2016 |
| Genre | : Microeconomics |
| ISBN | : 9781783717798 |
Download Microeconomics Book in PDF, ePub and Kindle
| Author | : José Antonio Ocampo |
| Publisher | : Oxford University Press |
| Total Pages | : 296 |
| Release | : 2017 |
| Genre | : Business & Economics |
| ISBN | : 019871811X |
Download Resetting the International Monetary (Non)System Book in PDF, ePub and Kindle
Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.
| Author | : El Bachir Boukherouaa |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2021-10-22 |
| Genre | : Business & Economics |
| ISBN | : 1589063953 |
Download Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance Book in PDF, ePub and Kindle
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
| Author | : Kevin Clinton |
| Publisher | : International Monetary Fund |
| Total Pages | : 56 |
| Release | : 2015-06-24 |
| Genre | : Business & Economics |
| ISBN | : 1513557653 |
Download Inflation-Forecast Targeting Book in PDF, ePub and Kindle
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 environment. To support policy making, each has developed a structured system of forecasting and policy analysis appropriate to its needs. A common component is a model-based forecast with an endogenous policy interest rate path. The approach is characterized, among other things, by transparent communications—some IFT central banks go so far as to publish their policy interest rate projection. Some elements of this regime, although a work still in progress, are worthy of consideration by central banks that have not yet officially adopted full-fledged inflation targeting.
