🦃 Cozy up with autumn reads! Let our AI Librarian pick your perfect fireside book 🍁
Explore the literary world of this author
How Well Do Central Banks Really Write?
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal...
Was the recent decline in real interest rates driven by a diminishing natural real interest rate, or have we observed a long sequence of shocks that h...
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech ...
Are Emerging Market and Low Income Countries Different?
We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve ba...
The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variab...
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 Cze...
What Did the Great Recession Change?
The Great Recession affected export and import patterns in our sample countries, and these changes, coupled with a more volatile external environment,...
This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability st...
An Application to Colombia and Cambodia
This technical note and manual (TNM) addresses the following issues: • Evaluating the full implications from the policies adopted to mitigate the im...
The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic p...
Further Evidenceon Empirical Links
This paper examines the effects of inflation and associated financial instability on income distribution. Using both pooled cross country and single c...
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of the...
ECB’s Monetary Policy Communication
The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case of the European Central Bank (...
How Unpleasant is Purgatory?
The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to...
The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. Our canonical model is adapted to Camb...
The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors and recipients. Using a dynamic s...