Showing 1 - 10 of 17
This Selected Issues paper discusses the policy response by a sample of central banks to the ongoing oil and food price shocks in South Africa, drawing some lessons, which can help put in context developments in the country. The paper discusses first- and second-round effects of “supply...
Persistent link: https://www.econbiz.de/10011244349
Petroleum is now by far Timor-Leste’s largest source of income. If well harnessed, Timor-Leste’s petroleum wealth offers the potential for a more prosperous future. This Selected Issues paper provides an overview of how Timor-Leste’s Petroleum Fund functions. It considers...
Persistent link: https://www.econbiz.de/10011244701
This note analyzes the medium- and long-term prospects of the hydrocarbon sector as a source of growth. Substantial hydrocarbon and financial reserves implies a sizable upward shift in the sustainable expenditure path. Rather than suggesting a specific fiscal rule, four simple alternatives are...
Persistent link: https://www.econbiz.de/10011245295
balance of payments risk. Bolivia’s foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 …
Persistent link: https://www.econbiz.de/10011245323
This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that...
Persistent link: https://www.econbiz.de/10011245389
The recent uptrend in Namibia’s current account surplus reflects an increase in public and private savings. Tighter …
Persistent link: https://www.econbiz.de/10011245563
The Chinese authorities welcomed the spillover analysis, noting that their policies have important global spillover effects. The note also discusses China’s evolving role in global trade, impact of rebalancing on the supply chain, estimating China’s spillovers, elasticities...
Persistent link: https://www.econbiz.de/10011245636
This Selected Issues paper assesses The Gambia’s external competitiveness by reviewing developments in several indicators, ranging from exchange rate-based indices to survey-based assessments of the investment climate. The paper reviews the evolution of several multilateral and bilateral...
Persistent link: https://www.econbiz.de/10011245653
This Selected Issues paper estimates the optimal allocation of government current spending, precautionary saving, and investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline in oil prices, projected current spending...
Persistent link: https://www.econbiz.de/10011242728
This Selected Issues paper examines the behavior of savings and investment from an Asian and Singaporean perspective …. It builds and estimates two econometric models that relate savings and investment to a range of macroeconomic and … notes that employment uncertainty did have a significant negative impact on consumption and raised precautionary savings. It …
Persistent link: https://www.econbiz.de/10011242827