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Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering …
Persistent link: https://www.econbiz.de/10014402356
—France, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly …
Persistent link: https://www.econbiz.de/10014407076
considerable headwinds. Several conditions are now in place in Germany for a domestic demand-led recovery. Employment creation has … been robust and unemployment at 5.3 percent is at a postreunification low. Executive Directors have commended Germany … environment. Directors have underscored Germany’s pivotal role in reducing euro area and global imbalances …
Persistent link: https://www.econbiz.de/10014395532
, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …
Persistent link: https://www.econbiz.de/10014396489
This 1999 Article IV Consultation highlights that the monetary conditions in Germany have eased significantly since …
Persistent link: https://www.econbiz.de/10014398459
imbalances is traced, and their persistent character highlighted in the Federal Republic of Germany. On macroeconomic policies … other collusive agreements. Among economists, there is a broad agreement that structural reforms in Germany would greatly …
Persistent link: https://www.econbiz.de/10014399224
This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government...
Persistent link: https://www.econbiz.de/10014400833
This paper addresses the time-consistency problem of optimal policy when intertemporal prices are inflexible. For small, open economies facing given world interest rates, it shows that a consumption tax, rather than a tax on wage income, is time-consistent under a variety of circumstances, even...
Persistent link: https://www.econbiz.de/10014396031
Behavior in the first three years of auctions for Pakistani treasury bills is studied. Bidding strategies rapidly converged to a consistent pattern after the auctions started in 1991. Factors are identified that influenced the expected profitability of auction participation, which was on average...
Persistent link: https://www.econbiz.de/10014399895
This paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code. The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges. There are signs that...
Persistent link: https://www.econbiz.de/10011244996