Showing 1 - 10 of 62
Persistent link: https://www.econbiz.de/10001982872
investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … improving in key sectors, partly thanks to greater private investment, bottlenecks endure and efforts to intensify competition … and ensure continued strong investment are required. Labour market reforms are also required to promote job creation …
Persistent link: https://www.econbiz.de/10009191040
addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …
Persistent link: https://www.econbiz.de/10005561255
Persistent link: https://www.econbiz.de/10002496912
This paper analyses the monetary and fiscal policy implications of output gap estimates in times of crisis. The widening of output gaps observed in major OECD economies in the wake of the recent crisis has been mainly due to total factor productivity gaps, except in the United States where it...
Persistent link: https://www.econbiz.de/10011276902
South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more space for flexibility in the face of...
Persistent link: https://www.econbiz.de/10008854030
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to … a lesser extent. There is some evidence that the effect of barter on prices is less than that of money. We also find …
Persistent link: https://www.econbiz.de/10005412642
Persistent link: https://www.econbiz.de/10005423427
"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …
Persistent link: https://www.econbiz.de/10002917579
"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption …
Persistent link: https://www.econbiz.de/10002977395