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A short-run macroeconomic model is estimated for Venezuela, in order to examine the hypothesis that the availability of oil resources may entail a confidence effect—on perceived future incomes—that influences the expenditure and portfolio behavior of economic agents. Such confidence effect...
Persistent link: https://www.econbiz.de/10014396215
This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to...
Persistent link: https://www.econbiz.de/10014396481
The discussion in this paper of the causes and consequences of recent oil price increases, and the appropriate policy response, is framed by the volatility and uncertainty that characterize the oil market. Volatile prices arise from supply and demand that are both highly inelastic in the short...
Persistent link: https://www.econbiz.de/10014410102
This Selected Issues paper reviews developments in health care spending in France and discusses the recent measures to … past reforms, the new measures offer a reasonable hope of containing France’s health expenditures. The paper presents a …
Persistent link: https://www.econbiz.de/10014397240
This paper describes economic developments in France during 1990–95. Partner country demand recovered markedly in the …
Persistent link: https://www.econbiz.de/10014397323
This paper describes economic developments in France during the 1990s. The recovery of activity that took hold in the …
Persistent link: https://www.econbiz.de/10014397631
This Selected Issues paper addresses the question of what policy changes in France are needed under European Monetary … stabilizers in France under EMU. The main conclusions is that over the past two and a half decades, fiscal policy operated in a … clear countercyclical way in France, but this reflected essentially the functioning of automatic stabilizers …
Persistent link: https://www.econbiz.de/10014397924
competitiveness, and also examines the labor market dynamics and economic policy of France …
Persistent link: https://www.econbiz.de/10014397972
This Selected Issues paper analyzes developments and issues in banking and financial markets in France. The paper … sequencing of financial sector modernization. The analysis concludes that, on balance, France has successfully modernized its …
Persistent link: https://www.econbiz.de/10014397996
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014398170