This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...

This report provides the details of the IMF's projections and estimates on the Republic of Poland's sectoral breakdown of investment; value added by sector; growth and structure of agricultural production, during 1992–98; wages and salaries; private sector employment by sector, during 1993–98;...

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

This paper discusses implementation of the Poverty Reduction Strategy Paper (PRSP) in Mauritania. The second phase of the PRSP is accompanied by a Medium-Term Expenditure Framework (MTEF) for 2006–10. MTEF determines the overall cost of the action plan in terms of both current and capital...

The paper provides an overview of recent economic and social developments in Cameroon. The state and the dynamics of poverty has been analyzed. The pillars of the short- and medium-term growth and poverty reduction strategy have been described. The paper provides a quantitative assessment and...

This report summarizes the improved Intermediate Poverty Reduction Strategy Paper (PRSP) of Madagascar, and the new policy orientation of the government. This strategy is based on an objective analysis and precise criteria. It presents the general framework of intervention of the PRSP and an...

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...