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This staff report on Saudi Arabia’s 2013 Article IV Consultation discusses economic policies and development. As the largest crude oil exporter, and the only producer with significant spare capacity, Saudi Arabia plays a systemic and stabilizing role in the global oil market. In 2011,...
Persistent link: https://www.econbiz.de/10011244901
This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend...
Persistent link: https://www.econbiz.de/10008519486
consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity …
Persistent link: https://www.econbiz.de/10014396051
Persistent link: https://www.econbiz.de/10009510794
The penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with other countries in similar stages of development. Concentration and costs are high, the regulatory framework is outdated or inexistent and supervision is weak. An innovative pilot...
Persistent link: https://www.econbiz.de/10012247124
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/10014397759
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/10014397785
This paper reviews and analyzes broad developments and considers specific policy measures to foster saving. The chapter … also describes trends in national saving rates of industrial countries in recent years and briefly discusses the prospects … over the medium term. The paper also discusses the effects of policy measures on national saving and investment. Fiscal …
Persistent link: https://www.econbiz.de/10014399313
The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to …
Persistent link: https://www.econbiz.de/10014400063
surplus as a proportion of GDP and the ratio of government consumption to GDP—are important determinants of private savings …
Persistent link: https://www.econbiz.de/10014400163