Search Results for rational expectations

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This paper proposes a markedly different transmission mechanism from monetary policy to the...

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative...

This paper contains an empirical analysis of currency substitution in Turkey: a simple...

During the mid- to late 1980s, inflationary pressures were highly concentrated in asset markets...

The IMF Working Papers series is designed to make IMF staff research available to a wide...

In this paper three possible reasons are examined for a sluggish inflation response to a hard...