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This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its optimal debt...
Persistent link: https://www.econbiz.de/10014402960
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks to reinvigorate its growth and debt reduction strategy, it is instructive to examine how exogenous shocks and other unanticipated developments can affect economic outcomes....
Persistent link: https://www.econbiz.de/10014404449
This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm...
Persistent link: https://www.econbiz.de/10014397591
This Selected Issues paper presents an overview of financial system developments in Jamaica. The financial system experienced substantial growth over 1989–95 as a result of the liberalization of financial markets and the reduction in government involvement in the industry through the...
Persistent link: https://www.econbiz.de/10014397669
Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. This suggests that the high NPLs that many CESEE countries currently face adversely...
Persistent link: https://www.econbiz.de/10014395263
This paper assesses Turkey’s Tenth Review Under the Stand-By Arrangement (SBA). The IMF supports Turkey’s economic …
Persistent link: https://www.econbiz.de/10014407177
This paper examines Turkey’s 2002 Article IV Consultation and First Review Under the Stand-By Arrangement (SBA). In … against future crises, and to continue Turkey’s ambitious reform agenda. Under the 2002–04 Program, the continuation of the …
Persistent link: https://www.econbiz.de/10014407347
This paper examines Turkey’s Request for a Stand-By Arrangement (SBA). The program contains several measures to free up … the growth potential of Turkey’s private sector. The program rightly addresses key obstacles to domestic and foreign … private investment. Although the program faces real risks, Turkey’s policy record under the May 2001 program increases the …
Persistent link: https://www.econbiz.de/10014407348
The staff report for the 2007 Article IV Consultation highlights Turkey’s economic revival and policies to entrench … macroeconomic stability. Turkey has experienced an impressive economic revival in recent years. Exports have continued to gain … considered that Turkey needs to manage vulnerabilities carefully and address structural challenges to increase the economy …
Persistent link: https://www.econbiz.de/10014405834
On the eve of the global financial crisis, the Turkish economy had just concluded a six-year growth surge, spurred by policy reforms and favorable external and domestic conditions. Turkish GDP was hit hard by the onset of the global financial crisis, but quickly retraced its losses. The...
Persistent link: https://www.econbiz.de/10014405915