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By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic indicators-may also exhibit fiscal dominance. However, in this...
Persistent link: https://www.econbiz.de/10014401522
This Selected Issues paper examines whether Egypt’s current account and exchange rate are in broad equilibrium. The paper analyzes areas of fiscal spending that have the biggest saving potential in a cross-country perspective. An assessment of Egypt’s real exchange rate is presented. The...
Persistent link: https://www.econbiz.de/10014405868
This Selected Issues paper on the Arab Republic of Egypt examines the dynamic relationship between the nominal exchange rate and prices during Egypt’s exit from a managed exchange rate regime. The exit from the peg went through several phases, including a series of step devaluations between...
Persistent link: https://www.econbiz.de/10014406070
This Technical Assistance (TA) Report on the Philippines discusses the fiscal regime for the mining sector. The Philippines has long been a producer of minerals, but the mining and petroleum sectors account for only a small share of the economy, exports, and government revenue. The petroleum...
Persistent link: https://www.econbiz.de/10014395456
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 2005 Article IV Consultation highlights that despite a difficult political environment, economic growth in Ecuador …
Persistent link: https://www.econbiz.de/10014405017
This Selected Issues paper analyzes economic performance of Ecuador under dollarization. The paper reviews the … principal trade-offs normally associated with official dollarization, and their specific relevance to Ecuador. It discusses … Ecuador’s performance under the dollarization regime, highlighting the country’s main achievements and challenges in the …
Persistent link: https://www.econbiz.de/10014405310
This Selected Issues paper and Statistical Appendix analyzes Ecuador’s fiscal policy using the concepts of the fiscal …
Persistent link: https://www.econbiz.de/10014406151
This paper assesses Ecuador’s 2003 Article IV Consultation, a Request for a Stand-By Arrangement (SBA), and Approval of … Ecuador’s request for a new SBA in support of the government’s economic program …
Persistent link: https://www.econbiz.de/10014406152
dissemination practices in Ecuador relative to the IMF’s Special Data Dissemination Standard (SDDS). It also presents an assessment … monetary statistics, based on the Data Quality Assessment Framework (DQAF). The assessment reveals that Ecuador is in …
Persistent link: https://www.econbiz.de/10014406156