Extent: | Online-Ressource (100 p) |
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Series: | IMF Working Papers ; v.Working Paper No. 09/260 IMF working paper ; WP/09/260 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Description based upon print version of record Cover Page; Title Page; Copyright Page; Contents; Executive Summary; I. Introduction; II. Institutional Background and Features; 1. Brief Economic History of the Central African CFA Zone; 1. CEMAC Real and Fiscal Developments, 1969-2008; 2. CEMAC Terms of Trade and Balance of Payments Developments, 1969-2008; 3. CEMAC Net International Reserve Coverage of Imports, 1995-2008; 2. Overview of the Optimum Currency Area Literature; A. Macroeconomic Policies in the CEMAC Region; 3. BEAC Monetary Programming; 4. CEMAC Fiscal Policy and Procyclicality vis-à-vis Oil Revenue, 1980-2008 4. Characteristics of Oil Revenue in the CEMACB. Policy Coordination and Surveillance; 5. CEMAC Convergence Criteria; III. Improving the Measures of Fiscal Surveillance; A. Fiscal Policy Objectives and Indicators; B. Indicators of Policy Stance and Policy Change; 5. Nominal and Real Crude Oil (Spot) Prices, 1970-2014; 1. CEMAC Fiscal Developments and the Fiscal Convergence Criteria, 1998-2008; 6. Fiscal Stance and Fiscal Impulse; 2. A Comparison of CEMAC Fiscal Indicators, 2000-08 (in percent of GDP); 3. A Comparison of CEMAC Fiscal Indicators, 2000-08 (in percent of non-oil GDP) 6. CEMAC Non-oil Real GDP Growth and the Fiscal Impulse, 1995-2008C. Indicators of Sustainability; 7. CEMAC External Debt and the Primary Gap, 1998-2008; 4. Primary Gap Measures Across the CEMAC, 1998-2008; 7. The Primary Gap Measure; 8. CEMAC Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-13; 9. CEMAC Sensitivity of the Sustainable Non-oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13; 5. CEMAC Long-term Macroeconomic Assumptions; 6. CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal ules, 2009-48 8. Constant Fiscal Expenditure Rule for Oil Producing CountriesD. Implications for Fiscal Surveillance; IV. External Shocks and the Convergence Criteria; 7. Real Non-oil GDP Growth in CEMAC Countries, 1980-2008; 8. Correlation of Real GDP Growth Among CEMAC Countries, 1980-2008; A. External Shocks and Growth; 9. Triggers of Recessions in CEMAC Countries, selected periods; 10. Terms of Trade and Real Effective Exchange Rates, 1980-2008; 10. Correlation Between Non-oil Real GDP and External Factors, 1980-2008 11. Impulse Response of Output to a One Standard Deviation Change in Terms f Trade and Real Effective Exchange Rate Shocks9. Measuring the Impact of Exogenous Shocks on the Non-oil Economy; 11. Correlation Between GDP, Public Expenditure, and Non-oil Revenue; B. The Efficacy of Fiscal Policies in Mitigating Shocks; 12. Average Share of Non-oil Revenue and Expenditure in Non-oil GDP, 1980-2008; 10. Measuring the Impact of Counter-Cyclical Fiscal Policies on the Non-oil Economy; 12. Impulse Response of Output to a One Standard Deviation Change in Revenue nd Spending Shocks 13. Variance Decomposition of Real GDP by Types of Shocks |
ISBN: | 978-1-4519-4202-6 ; 978-1-4527-5611-0 ; 978-1-4519-4202-6 |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012677509