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The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...
Persistent link: https://www.econbiz.de/10011142116
Das wirtschaftspolitische Reformprogramm der russischen Föderation für den Zeitraum vom 1. April bis zum 31. Dezember 1992 beinhaltet radikale Systemeingriffe mit schon kurzfristig absehbaren schwerwiegenden Auswirkungen auf Beschäftigung und Realeinkommen. Es ist daher fraglich, ob der...
Persistent link: https://www.econbiz.de/10005055846
The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model …
Persistent link: https://www.econbiz.de/10008560446
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
The inaugural budget of the NDA led government has been a cause of some surprise and disappointment amongst those who were eagerly expecting a new radical dose of neo-liberal reforms. It appeared that the ‘policy paralysis’ of the past government had survive the change brought about...
Persistent link: https://www.econbiz.de/10011133285
In this study we show that the inflation rate and the current account behaved according to historical regularities, once the international crisis hit Romania in the second half of 2008. Inflation has decreased relatively fast for a long period of time, and the current account deficit has reduced...
Persistent link: https://www.econbiz.de/10010965610
ILO pub-WEP pub. Working paper discussing trade liberalization trade policies capable of promoting the integration of developing countries into the international economic system - comments on shortcomings of economic development associated with import substitution; examines the need to combine...
Persistent link: https://www.econbiz.de/10010967256
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
This 2013 Article IV Consultation highlights that Sierra Leone has made significant progress in macroeconomic stabilization over the last five years. Real GDP growth averaged some 7 percent, driven by output expansion in agriculture, mining, and services; as well as the scaling-up of...
Persistent link: https://www.econbiz.de/10011244166
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172