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Money Supply and the Implementation of Interest Rate Targets
Schabert, Andreas - Tinbergen Instituut - 2005
rate sequences that satisfy interest rate target rules. An interest rate target with a positive inflation feedback in … general corresponds to money growth rates rising with inflation. When prices are not completely flexible, this implies that a … target can be implemented by a non-destabilizing money supply, even if the inflation feedback exceeds one, which is often …
Persistent link: https://www.econbiz.de/10011256060
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Mongolia; Fifth and Sixth Reviews under the Stand-By Arrangement and Rephasing of Purchases
International Monetary Fund (IMF); International … - 2010
Despite the negative impact of the severe winter on agriculture, other indicators are pointing to a strong recovery. Exports are growing rapidly, fueled by the rebound in copper prices and a rapid growth in coal exports. Rephasing of purchases by combining the fifth and sixth reviews is...
Persistent link: https://www.econbiz.de/10011244274
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2009
South Africa’s macroeconomic policies face a complicated task of balancing between supporting domestic demand and maintaining stability. The Selected Issues paper for South Africa discusses economic development and policies. Although the opening output gap and declining employment do call...
Persistent link: https://www.econbiz.de/10011244312
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Iceland; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
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Paraguay; Sixth and Final Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Dire...
International Monetary Fund (IMF); International … - 2008
This paper discusses key findings of the Sixth and Final Review Under the Stand-By Arrangement for Paraguay. The program remains broadly on track. All performance criteria for end-March 2008 were met, and those for end-June 2008 are expected to have been observed. With one exception, all...
Persistent link: https://www.econbiz.de/10011244416
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Uruguay; Selected Issues
International Monetary Fund (IMF); International … - 2013
Uruguay’s inflation and inflation expectations exceed the inflation target, and the gap has been widening in recent …
Persistent link: https://www.econbiz.de/10011244441
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Vietnam; Staff Report for the 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
declining inflation, stabilizing the exchange rate, and a rebuilding of international reserves. Directors also recommended that … monetary policy give priority to reducing inflation and rebuilding reserves further. …
Persistent link: https://www.econbiz.de/10011244579
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Republic of Armenia; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; a...
International Monetary Fund (IMF); International … - 2006
developments should be monitored closely and monetary policy tightened further should inflation pressures increase. The …
Persistent link: https://www.econbiz.de/10011244639
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Brazil: 2012 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Brazil
International Monetary Fund (IMF); International … - 2012
A strong policy framework and improved income distribution and social outcomes have been important accomplishments in Brazil. The 2012 Article IV Consultation highlights that financial stability in Brazil has been underpinned by a strong banking system and framework for regulation and...
Persistent link: https://www.econbiz.de/10011244712
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Republic of Kazakhstan; 2011 Article IV Consultation: Staff Report; Supplement; and Public Information Notice
International Monetary Fund (IMF); International … - 2011
Kazakhstan’s economic recovery and unemployment rate and other issues are discussed in this paper. The banking and corporate sectors have not recovered from the crisis despite strong economic growth. Ownership and partial financing of the envisaged centralized distressed asset fund by the...
Persistent link: https://www.econbiz.de/10011244848