The estimated real neutral rate shows a downward trend following 2008 starting from approximately 4 percent, reaching negative values during the onset of the pandemic in 2020, and since then, steadily ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Yemen has had a high and volatile rate of inflation in recent years. This paper studies the underlying determinants of ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper examines the transmission of changes in the U.S. monetary policy to localcurrency sovereign bond yields of ...

This paper presents Monte Carlo simulations for the Johansen cointegration test which indicate that the critical values applied in a number of econometrics software packages are inappropriate. This is ...