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South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more …
Persistent link: https://www.econbiz.de/10008854030
caution not to worsen inflationary trend in the economy. A less volatile interest rate regime would increase reliability and … confidence of investors in the economy. It is also relevant for monetary authorities and other players in the economy to … encourage economy-wide international trade competitiveness so as to maintain positive growth in exchange rate of the naira which …
Persistent link: https://www.econbiz.de/10010944903
economy that cannot be governed with the combination of macroeconomic policy instruments that modern national governments have …. Its exceptionally independent central bank, the ECB, sets monetary policy for the eurozone economy as a whole, but it has … lacks democratic legitimacy as well as the capacity to govern the eurozone economy effectively. …
Persistent link: https://www.econbiz.de/10010669620
This paper develops an endogenous growth model in which the government finances its public investment using both income taxation and seigniorage. Arguments presented in this paper show that public investment financed by seigniorage gradually pulls up the growth rate of consumption and overshoots...
Persistent link: https://www.econbiz.de/10005823480
resource-based economy. It investigates briefly the main drivers of Russian growth in recent years, and makes specific … recommendations that would help the Russian economy to sustain high growth.<P>Comment soutenir la croissance dans une économie fondée …
Persistent link: https://www.econbiz.de/10005045957
reflect fully the importance of the hydrocarbon sector in the Russian economy. The paper further argues that prudent …
Persistent link: https://www.econbiz.de/10005049019
made an impact on the economy's development. …
Persistent link: https://www.econbiz.de/10008755433
Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy framework...
Persistent link: https://www.econbiz.de/10010907928
Since the 1960s, the relative importance of monetary and fiscal policy in economic stabilization has been a matter of debate among monetarists and fiscalists. According to the monetarists’ view, monetary policy has had a more significant role than fiscal policy. On the other hand, the...
Persistent link: https://www.econbiz.de/10010940050
Sixteen countries across the world ¡ª including the United States and many European nations ¡ª have fallen into economic crises since the late 1990s. In <em>The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions</em>, Jonathan E Leightner convincingly argues that...
Persistent link: https://www.econbiz.de/10011010979