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Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...
Persistent link: https://www.econbiz.de/10011874333
The consumer price index (CPI) measures the rate at which the prices of consumer goods and services are changing over time. It is a key statistic for economic and social policymaking and has substantial and wide-ranging implications for governments, businesses, and households. This important and...
Persistent link: https://www.econbiz.de/10014400603
This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as …
Persistent link: https://www.econbiz.de/10014401002
governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization/governance … the relationship between decentralization and governance depends on how subnational expenditures are financed. The higher … stronger the association between decentralization and governance …
Persistent link: https://www.econbiz.de/10014401240
This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries'' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global...
Persistent link: https://www.econbiz.de/10014401265
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
The 1993 SNA represents a major advance in national accounting. While updating and clarifying the 1968 SNA, the 1993 SNA provides the basis for improving compilation of national accounts statistics, promoting integration of economic and related statistics, and enhancing analysis of economic...
Persistent link: https://www.econbiz.de/10014399037
from the ILO, the OECD, the UN Economic Commission for Europe, the World Bank, national statistical offices, and academic …
Persistent link: https://www.econbiz.de/10014399089
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that...
Persistent link: https://www.econbiz.de/10014399171
A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both developed and developing countries, it...
Persistent link: https://www.econbiz.de/10014399264