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Fiscal and Monetary Anchors for Price Stability; Evidence From Sub-Saharan Africa
International Monetary Fund (IMF); International … - 2008
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level. …
Persistent link: https://www.econbiz.de/10005769262
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Economic Policy in a Highly Dollarized Economy; The Case of Cambodia
International Monetary Fund (IMF); International … - 2003
This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of...
Persistent link: https://www.econbiz.de/10005590965
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Macroeconomic Adjustment in a Highly Dollarized Economy; The Case of Cambodia
International Monetary Fund (IMF); International … - 2002
Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...
Persistent link: https://www.econbiz.de/10005248256
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Angola; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2003
Several years of high inflation rates have negatively affected economic conditions in Angola. Macroeconomic …
Persistent link: https://www.econbiz.de/10005824891
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Turkey; 2004 Article IV Consultation and Eighth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion—Staff Reports; Staff Supple...
International Monetary Fund (IMF); International … - 2005
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
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Guinea; Staff-Monitored Program
International Monetary Fund (IMF); International … - 2005
This paper discusses the Staff-Monitored Program (SMP) for Guinea. Agreement in principle was reached on the SMP from April 2005 to March 2006. The program would support the authorities’ efforts in restoring macroeconomic stability and establish a track record of policy implementation to...
Persistent link: https://www.econbiz.de/10005824944
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Euro Area Policies; Selected Issues
International Monetary Fund (IMF); International … - 2003
An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the...
Persistent link: https://www.econbiz.de/10005824959
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Honduras; Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility; Request for Waiver and Modification of Performance Criteria; and Financing...
International Monetary Fund (IMF); International … - 2006
Honduras’s Third Review under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are discussed. The current stance of monetary and exchange rate policies are broadly appropriate, and financial sector reforms are proceeding. Progress...
Persistent link: https://www.econbiz.de/10005824978
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Islamic Republic of Mauritania; Selected Issues
International Monetary Fund (IMF); International … - 2003
environment with robust growth, low inflation, manageable current account deficits, and a comfortable level of gross foreign …
Persistent link: https://www.econbiz.de/10005825034
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Switzerland; Selected Issues
International Monetary Fund (IMF); International … - 2003
This Selected Issues paper takes a close look at the proximate determinants and short-term dynamics of inflation in … Switzerland. It identifies salient features of the inflation experience in Switzerland. The paper uses a wage-price model to gauge … the sensitivity of inflation to the business cycle and the exchange rate. The findings suggest that underlying inflation …
Persistent link: https://www.econbiz.de/10005825084