macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and …

historical experience, it would be necessary to achieve an annual real GDP growth rate of 7.1 percent in order to keep the … unemployment rate unchanged. Moreover, a one-percentage point shortfall of the real GDP growth rate below 7.1 percent in any given … economy is able to generate at most 5 percent real GDP annual growth rate (the high end of the range of official medium …

Using timeseries and panel data from 1981 to 2005, this paper examines the Granger causality relations between GDP … addition to China. We first show the difference between the first and second generation ANIEs in terms of real GDP per capita … causality between real exports and GDP for the four second generation ANIEs. However, when all seven ANIEs are grouped for panel …

High ratios of external debt to GDP in selected Asian countries have contributed to the initiation, propagation, and … GDP, as functions of real world interest rates, risk spreads and their responsiveness to external debt burdens and market …

. Deepening stresses in public finance management c. Unabated price inflation, and d. Increasing pressure on the balance of …

The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …, which tend to increase with age, aggravate the psychological trauma associated with inflation. The decline of traditional …

debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …

We examine determinants of inflation in China. Analyses of both yearonyear and monthonmonth growth data confirm excess … liquidity, output gap, housing prices and stock prices positively affecting inflation. Impulse response analyses indicate that … exchange rates on inflation are relatively weak. Our results suggest that output gap is as important as excess liquidity in …

This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the … effective hedge against inflation usingmonthly data on real stock return, inflation and real activity from April 1980 to March … real activity; (ii) the negative stock returns-inflation relation emerges fromthe unexpected component of the inflation and …