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Belarus faces significant fiscal challenges, stemming from the structural features of its economic model. As of mid-2011, under a severe exchange rate and balance of payments crisis, the Government needs to pursue a carefully sequenced strategy of macroeconomic adjustment coupled with a strong...
Persistent link: https://www.econbiz.de/10012550582
This Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional...
Persistent link: https://www.econbiz.de/10012553431
Both central and state governments have carried out significant correction of financial imbalances since 2000, through the implementation of fiscal reforms including enactment of fiscal responsibility (FR) acts. However, the improvement in the finances of all states in aggregate hides wide...
Persistent link: https://www.econbiz.de/10012557313
Similarly to Pakistan's other provinces, and the country as a whole, Punjab Province - a macrocosm of the country, with more than half the population, and economic activity - is facing a crisis of public service delivery, government finances, public institutions, and governance. Hence, the...
Persistent link: https://www.econbiz.de/10012558634
Persistent link: https://www.econbiz.de/10013536678
This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated …
Persistent link: https://www.econbiz.de/10011244552
"This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions...
Persistent link: https://www.econbiz.de/10010522256
Persistent link: https://www.econbiz.de/10013537408
liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …
Persistent link: https://www.econbiz.de/10012560066
Persistent link: https://www.econbiz.de/10013537437