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Republic of Serbia : Seventh Review and Inflation Consultation Under the Stand-By Arrangement
International Monetary Fund - 2011
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead,...
Persistent link: https://www.econbiz.de/10014401094
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Credibility and Nominal Debt : Exploring the Role of Maturity in Managing Inflation
International Monetary Fund - 1989
This paper focuses on the role of debt maturity in managing the government’s incentives to use opportunistic inflation … powerful instrument to affect the time profile of the inflation tax base and, hence, to mitigate the distortions introduced by …
Persistent link: https://www.econbiz.de/10014395780
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World Economic Outlook, October 1999 : Safeguarding Macroeconomci Stability at Low Inflation
International Monetary Fund - 1999
Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the international financial system, currency crises,...
Persistent link: https://www.econbiz.de/10014404467
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Controlling Inflation : The Problem of Non-Indexed Debt
International Monetary Fund - 1988
We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation …
Persistent link: https://www.econbiz.de/10014396297
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Latin American Central Bank Reform : Progress and Challenges
International Monetary Fund - 2005
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10014400741
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Deja Vu All Over Again? : The Mexican Crisis and the Stabilization of Uruguay in the 1970's
International Monetary Fund - 1996
Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy’s vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial...
Persistent link: https://www.econbiz.de/10014395804
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Trade Liberalization, Stabilization, and Growth : Some Noteson the Mexican Experience
International Monetary Fund - 1990
While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could …
Persistent link: https://www.econbiz.de/10014396273
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Advancing the frontiers of monetary policy
Adrian, Tobias (ed.); Laxton, Douglas (ed.);  … - 2018
Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including …Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles … and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a …
Persistent link: https://www.econbiz.de/10011874333
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Staff Studies for the World Econ Outlook
International Monetary Fund - 1987
This paper reviews the long-term growth performance of the major industrial countries and discusses some of the many factors that have been identified as possible sources of the marked slowdown in growth since the early 1970s. According to the view of different demographic developments across...
Persistent link: https://www.econbiz.de/10014400806
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Pension Reform in Belgium
International Monetary Fund - 1996
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our simulations indicate a strong rise in pension expenditure over the next half century, as is the case in other industrialized countries. In Belgium, the problem is particularly acute in...
Persistent link: https://www.econbiz.de/10014396528