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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt’s face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and...
Persistent link: https://www.econbiz.de/10014396009
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the...
Persistent link: https://www.econbiz.de/10014396027
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Welfare Effects of Uzbekistan's Foreign Exchange Regime
International Monetary Fund - 2000
exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on … export markets. These excess burdens have increased substantially with the growing difference of exchange rates. The welfare … analysis allows some conclusions regarding the optimal reform strategy: (i) welfare losses will decline overproportionally as …
Persistent link: https://www.econbiz.de/10014399812
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Terms of Trade Disturbances, Real Exchange Rates, and Welfare : The Role of Capital Controls and Labor Market Distortions
International Monetary Fund - 1989
attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in … which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital …
Persistent link: https://www.econbiz.de/10014396039
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The Welfare Effects of Public Expenditure Programs Reconsidered
International Monetary Fund - 1989
The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed … governmental interventions. The measure and its numerical illustrations suggest that, in general, the welfare effects from public …
Persistent link: https://www.econbiz.de/10014396379
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Nicaragua; Poverty Reduction Strategy Paper: Progress Report on National Human Development Plan as of 2010
International Monetary Fund (IMF); International … - 2011
This paper reports on progress made on Nicaragua’s National Human Development Plan as of 2010. The operational goal for Nicaragua’s National Human Development Plan is economic growth with increased employment and reduced inequality and poverty. The results for 2007–10...
Persistent link: https://www.econbiz.de/10011244377
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Morocco; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
International Monetary Fund (IMF); International … - 2005
This 2005 Article IV Consultation highlights that economic growth in Morocco has been volatile and insufficient to significantly reduce poverty and unemployment. Growth averaged 3 percent over the last decade. It has been volatile because of the dependency of agriculture on rainfalls. In 2004,...
Persistent link: https://www.econbiz.de/10005824903
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El Salvador; Selected Issues: Background Notes
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper presents background notes on El Salvador’s economic growth, national savings, and implications of the Central American Free-Trade Agreement with the United States (CAFTA). The paper describes possible factors behind sluggish growth in El Salvador in recent...
Persistent link: https://www.econbiz.de/10005768488
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Hungary; An Economic Survey
International Monetary Fund (IMF); International … - 1982
This paper presents an overview of the economy of Hungary. The paper highlights that during the Fifth Five-Year Plan (1976–80), actual growth rates for almost all major plan aggregates remained below the targets. The lower targets set for the increase in both consumption and investment in...
Persistent link: https://www.econbiz.de/10005590940
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Bosnia and Herzegovina; Poverty Reduction Strategy Paper—Mid-Term Development Strategy
International Monetary Fund (IMF); International … - 2004
Poverty risk is most marked for children, displaced persons and returnees, unemployed, and people with low education. Basic goals of the macroeconomic framework of the mid-term development strategy of Bosnia and Herzegovina are to reduce the overall public expenditures, lower the public debt,...
Persistent link: https://www.econbiz.de/10005598984