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EMERGING MARKET RESILIENCE: GOOD LUCK OR GOOD POLICIES? Cyclicality of Government Expenditures (Correlation coefficients)
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🌍WORLD ECONOMIC OUTLOOK: 💪Strength of Fiscal Frameworks $BTC #WorkDrivenCrypto
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🌍WORLD ECONOMIC OUTLOOK: Use of Foreign Exchange Interventions in Response to Uncovered Interest Parity Deviations (Percent of GDP) $BTC $ETH $BNB #Worldcoin
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🌍WORLD ECONOMIC OUTLOOK: Global economy in flux. 🏦Central Bank Independence and Autonomy (Percent) $BTC #worldeconomics
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🆘 EMERGING MARKET RESILIENCE: GOOD LUCK OR GOOD POLICIIES? Monetary Policy The mone-tary policy reaction function by estimating Taylor rule coefficients from a monthly regression that includes the deviation of one-year-ahead expected inflation from the inflation target and the real-time output gap, aug- mented with nominal effective exchange rate depreci-ation to capture fear of floating. The results show that in the postcrisis period policymakers are less concerned about exchange rate fluctuations, consistent with smaller pass-through to prices and a shift toward infla- tion as the economy’s nominal anchor.13 At the same time, the weight associated with deviations of inflation expectations from the target declined, likely because of improved central bank credibility and more strongly anchored long-term inflation expectations . Consistent with this evidence, long-term inflation expectations became better anchored over time, as the sensitivity of three-year-ahead inflation. Monetary Policy Reaction Function (Percent) $BTC $ETH $BNB #worldeconomics #Worldtrade
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