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Andrle, M., C. Freedman, R. Garcia-Saltos, K. Hermawan, D. Laxton, and H. Munandar, 2009, "Adding Indonesia to the Global Projection Model," IMF Working Paper 09/255 (November 2009).

Alichi, A., H. Chen, K. Clinton, C. Freedman, M.J. Johnson, O. Kamenik, Turgut Kisinbay, and D. Laxton, 2009, Inflation Targeting Under Imperfect Policy Credibility, IMF Working Paper 09/94 (April 2009).

Download Code for "Inflation Targeting Under Imperfect Policy Credibility" paper (requires Dynare++ 1.3.7 and Sirius)

Decressin, J. and D. Laxton, 2009, "Gauging Risks For Deflation," IMF Staff Position Paper No. 09/01 (Washington DC.: International Monetary Fund.

Freedman, C., and D. Laxton, 2009, Why Inflation Targeting?, IMF Working Paper No. 09/86 (Washington, DC.: International Monetary Fund) and Chapter 2 of On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What you Say, unpublished manuscript by C. Freedman, D. Laxton and I. Okter-Robe.

Freedman, C., and D. Laxton, 2009, IT Framework Design Parameters, IMF Working Paper No. 09/87 (Washington, DC.: International Monetary Fund) and Chapter 3 of On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What you Say, unpublished manuscript by C. Freedman, D. Laxton and I. Okter-Robe.

Catão, L., D. Laxton, and A. Pagan, 2008, Monetary Transmission in an Emerging Targeter: The Case of Brazil, IMF Working Paper no. 08/191 (Washington, D.C.: International Monetary Fund).

Helbling, T., D. Laxton, V. Mercer-Blackman and I. Tytell, 2008, Is Inflation Back? Commodity Prices and Inflation Chapter 3 of the October 2008 World Economic Outlook, International Monetary Fund.

Kamenik, O., H. Kiem, V. Klyuev, and D, Laxton, 2008, Why is Canadas Price Level so Predictable? IMF Working Paper 08/25 (January 2008).

Karam, P., D. Laxton, D. Rose, and N. Tamirisa, 2008, “The Macroeconomic Costs and Benefits of Adopting the Euro,” IMF Staff Papers, Vol. 55, No. 2, pp. 339–55.

Kumhof, M., D. Laxton, and D. Muir, 2008, Monetary Policy Regimes and Commodity Prices Box 3.3 of Chapter 3 of the October 2008 World Economic Outlook, International Monetary Fund.

Kumhof, M.. D. Laxton. and K. Naknoi, 2008, "Does the Exchange Rate Belong in Monetary Policy Rules? New Answers from a DSGE Model with Endogenous Tradability and Trade Frictions," paper prepared for an ECB Conference on Globalisation and the Marcoeconomy, July 23–34, 2007 in Frankfurt, Germany.


 Laxton, D., D. Rose and A. Scott, 2008, “Developing a Structured Forecasting and Policy Analysis System,” Chapter prepared for a book on implementation issues for Inflation Targeting. Draft available from authors.

Batini, Nicoletta and Douglas Laxton, 2007, “Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets,"  in Monetary Policy under Inflation Targeting, ed. by Frederick S. Mishkin and Klaus Schmidt-Hebbel (Chile: Banco Central de Chile), pp. 467–506.

Gray, Gavin, Thomas Harjes, Andy Jobst, Douglas Laxton, Natalia Tamirisa, and Emil Stavrev, 2007, The Euro and New Member States, in IMF Staff Country Report, No. 07/259, (Washington: International Monetary Fund) pp. 545.

Kumhof, M. and D. Laxton, 2007, Improved Macroeconomic PerformanceGood Luck or Good Policies Box 5.2 of Chapter 5 of the October 2007 World Economic Outlook, International Monetary Fund.

Berg, A., P. Karam, and D. Laxton, 2006, A Practical Model-Based Approach to Monetary Policy AnalysisOverview, IMF Working Paper 06/080 (April 2006).

Berg, A., P. Karam, and D. Laxton, 2006, Practical Model-Based Monetary Policy AnalysisA How-to Guide, IMF Working Paper 06/081 (April 2006).

Epstein, N., D. Laxton, P. Karam, and D. Rose, 2006, A Simple Forecasting and Policy Analysis System for Israel: Structure and Applications in Israel: Selected Issues, IMF Country Report, No. 06/121 (March 2006).

Juillard, M., P. Karam, D. Laxton, and P. Pesenti, 2006, A Simple Welfare-Based Monetary Policy Rule in an Estimated DSGE Model of the US Economy, ECB Working Paper No. 613.

Laxton, D., P. NDiaye, and P. Pesenti, 2006, Shocks, Monetary Rules: A Scenario Analysis for Japan, Journal of Japanese and International Economies, doi: 10.1016/j.jjie.2006.08.004.

Batini, N., K. Kuttner, and D. Laxton, 2005, Does Inflation Targeting Work in Emerging Markets? Chapter 4 of the September 2005 World Economic Outlook, International Monetary Fund.

Karam. P., D. Laxton and N. Tamirisa, 2005, Monetary Policy Implications of Capital Account Volatility Under an Inflation Targeting Regime, in Czech Republic: Selected Issues, IMF Country Report, No. 05/275 (August 2005).

Bayoumi, T., M. Kumhof, D. Laxton and K. Naknoi, 2004, "Exchange Rate Regimes, International Linkages and the Macroeconomic Performance of the New Member States," policy version prepared for a high level conference at the ECB in October and an extended more analytical version was prepared for the IMF Annual Research Conference, November 2004.

Bayoumi, T., D. Laxton and P. Pesenti, 2004, Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment, ECB Working Paper No. 341 and NBER Working Paper No. 10416.

Coats, W., D. Laxton and D. Rose, 2003, The Czech National Banks Forecasting and Policy Analysis System, (Prague, Czech Republic: Czech National Bank).

Laxton, D., and P. Pesenti, 2003, Monetary Policy Rules for Small, Open, Emerging Economies, Journal of Monetary Economics, Vol. 50 (July), pp. 1109-1146.

Hunt, B. and D. Laxton, 2003, The Zero-Interest-Rate Floor and Its Implications for Monetary Policy in Japan, in Japans Lost Decade: Policies for Economic Revival,

Hunt, B. and D. Laxton, 2003, “The Zero-Interest-Rate Floor and Its Implications for Monetary Policy in Japan,” in Japan’s Lost Decade: Policies for Economic Revival, ed. by Tim Callen and Jonathan Ostry (Washington, D.C.: International Monetary Fund).

Goretti, M., and D. Laxton, 2005, Long-Term Inflation Expectations and Credibility, Box 4.2 in Chapter 4 of the September 2005 World Economic Outlook, International Monetary Fund.

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