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Tchaidze, Robert

Overview
Works: 18 works in 64 publications in 1 language and 313 library holdings
Genres: Rules 
Roles: Author
Classifications: HG3881.5.I58, 332.152
Publication Timeline
Key
Publications about Robert Tchaidze
Publications by Robert Tchaidze
Most widely held works by Robert Tchaidze
The Fed and the new economy by Laurence M Ball( Book )
11 editions published in 2002 in English and held by 74 libraries worldwide
This paper seeks to understand the behavior of Greenspan's Federal Reserve in the late 1990s. Some authors suggest that the Fed followed a simple 'Taylor rule, ' while others argue that it deviated from such a rule because it recognized that the 'New Economy' permitted an easing of policy. We find that a Taylor rule based on inflation and unemployment does break down in the late 1990s. However, the Fed's behavior appears stable once one accounts for the falling NAIRU of the period. A rule based on inflation and the deviation of unemployment from the NAIRU captures the Fed's behavior through the entire period from 1987 to 2000
Quasi-fiscal deficit in nonfinancial enterprises by Robert Tchaidze( file )
8 editions published in 2007 in English and held by 42 libraries worldwide
This paper discusses two ways of evaluating the quasi-fiscal deficit (QFD) and the link between them. It also suggests how to properly account for the QFD when calculating the overall deficit of the public sector. Finally, using an example of the energy market, it shows how to untangle a web of mutual nonpayments and properly evaluate the QFD generated in a sector characterized by the presence of both private and public agents
Estimating Iceland's real equilibrium exchange rate by Robert Tchaidze( file )
8 editions published between 2007 and 2008 in English and held by 39 libraries worldwide
Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent, although timing and manner of this adjustment is unclear
The greenbook and U.S. monetary policy by Robert Tchaidze( Book )
7 editions published in 2004 in English and held by 32 libraries worldwide
Although very attractive both theoretically and empirically, Taylor rules imply mechanical responses by the policy variable (interest rate) to fundamental ones (inflation and output gap). This study looks for empirical evidence of a more sophisticated monetary policy, one which takes into account expected future developments. An important piece of information added is the "Greenbook" forecast series, calculated by the Federal Reserve staff and which allow evaluation of expected inflation shocks. These shocks are significant in the estimated Taylor rule, confirming that policymaking is forward looking. This paper also demonstrates that a simple Taylor rule may be a misspecification if policymakers have in mind a timevarying inflation target
The use and abuse of Taylor rules how precisely can we estimate them? by Alina Carare( Book )
5 editions published between 2005 and 2008 in English and held by 27 libraries worldwide
This paper draws attention to inconsistencies in estimating simple monetary policy rules and their implications for policy advice. We simulate a macroeconomic model with a backward reaction function similar to Taylor (1993). We estimate different versions of a policy rule, using these simulated data. Under certain circumstances, estimations document an illusionary presence of a lagged interest rate, or of forward-looking behavior. Our results are consistent with the fact that several authors found very different versions of monetary policy rules, all fitting the U.S. data well. We also survey the literature, providing a list of issues complicating practical use of Taylor rules
Development of financial markets in Central Europe the case of the CE4 countries by Amat Adarov( file )
4 editions published in 2011 in English and held by 17 libraries worldwide
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this paper helps identify factors that explain this phenomenon. We find that the observed differences cannot be explained by macroeconomic variables only, but incorporating indicators of institutional development and external funding eliminates the gap in the case of the equity and private credit markets. However, for the private bond market a significant gap remains even after accounting for these factors
Deposit Formation in Georgia by Robert Tchaidze( file )
1 edition published in 2011 in English and held by 16 libraries worldwide
This paper analyzes behavior of the real deposits in Georgia in1996-2009 by modeling demand for the real broad money balances and the cash-deposit ratio. The results suggest that the main factors that affected deposits over those years were income, development of the financial sector, and changes in the tax burden, while changes in the interest rate and inflation played only a minor role. The results also demonstrate importance of the geopolitical events as they affect confidence in the banking sector
Deposit formation in Georgia by Salome Tvalodze( file )
3 editions published in 2011 in English and held by 16 libraries worldwide
This paper analyzes behavior of the real deposits in Georgia in1996-2009 by modeling demand for the real broad money balances and the cash-deposit ratio. The results suggest that the main factors that affected deposits over those years were income, development of the financial sector, and changes in the tax burden, while changes in the interest rate and inflation played only a minor role. The results also demonstrate importance of the geopolitical events as they affect confidence in the banking sector
Development of Financial Markets in Central Europe by Amat Adarov( file )
1 edition published in 2011 in English and held by 14 libraries worldwide
Financial markets in the CE4 countries are still shallow compared to other advanced EU countries. While the government bond markets are comparable in size, measured by capitalization in percent of GDP, the private bond, private credit, and equity markets lag behind. Empirical analysis in this paper helps identify factors that explain this phenomenon. We find that the observed differences cannot be explained by macroeconomic variables only, but incorporating indicators of institutional development and external funding eliminates the gap in the case of the equity and private credit markets. Howe
Denmark selected issues by Paul Louis Ceriel Hilbers( file )
4 editions published in 2006 in English and held by 8 libraries worldwide
Czech Republic Selected Issues Paper by Robert Tchaidze( file )
3 editions published in 2010 in English and held by 8 libraries worldwide
Iceland selected issues by Ben Hunt( file )
2 editions published in 2005 in English and held by 7 libraries worldwide
Switzerland selected issues paper by Yingbin Xiao( file )
1 edition published in 2013 in English and held by 5 libraries worldwide
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries
Iceland : selected issues by Robert Tchaidze( Book )
2 editions published in 2007 in English and held by 3 libraries worldwide
The Use and Abuse of Taylor Rules How Precisely Can We Estimate Them? by Robert Tchaidze( file )
1 edition published in 2005 in English and held by 2 libraries worldwide
Annotation
Kenya by International Monetary Fund( Book )
1 edition published in 2009 in English and held by 1 library worldwide
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Iceland: selected issues by Robert Tchaidze( Book )
1 edition published in 2007 in English and held by 1 library worldwide
Iceland: selected issues by Benjamin Hunt( Book )
1 edition published in 2005 in English and held by 1 library worldwide
 
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Languages
English (64)
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