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Fiscal and Monetary Anchors for Price Stability : Evidence From Sub-Saharan Africa
International Monetary Fund - 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/10014401393
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Zimbabwe : Challenges and Policy Options after Hyperinflation
International Monetary Fund - 2010
This paper examines the challenges and policy options after hyperinflation in Zimbabwe. The paper reviews the pros and … creating fiscal space for growth and development in post-hyperinflation Zimbabwe …
Persistent link: https://www.econbiz.de/10014401597
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Republic of the Marshall Islands : 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund - 2008
The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve...
Persistent link: https://www.econbiz.de/10014401778
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Coordination of Monetary and Fiscal Policies
International Monetary Fund - 1998
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of...
Persistent link: https://www.econbiz.de/10014401884
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Republic of Kazakhstan : 2009 Article IV Consultation: Staff Report; Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund - 2009
Kazakhstan’s financial system remains highly stressed despite large-scale government support; the economy is expected to contract in the near future. The staff report for Kazakhstan’s 2009 Article IV Consultation discusses economic developments and policies. Kazakhstan is better placed than...
Persistent link: https://www.econbiz.de/10014402192
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Bosnia and Herzegovina : Selected Issues
International Monetary Fund - 2010
Threats to external stability in the pre-crisis period have now been reduced substantially and foreign non-debt creating flows have declined, sufficient to support external stability. The global economic downturn has raised challenges for evaluating the countries’ fiscal stance and fiscal...
Persistent link: https://www.econbiz.de/10014402435
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Euro Area Policies : Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Euro Area Policies
International Monetary Fund - 2006
The euro area recovered from the economic doldrums. Executive Directors welcomed the recovery, supported by strong financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact over fiscal policies, and underscored the need for...
Persistent link: https://www.econbiz.de/10014404458
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Bosnia and Herzegovina : Selected Issues
International Monetary Fund - 2008
This Selected Issues paper for Bosnia and Herzegovina (BiH) reports that GDP per capita in BiH is similar to that in neighboring Balkan countries. BiH risks are falling behind rather than catching up with other transition economies in terms of its economic development. This could delay the...
Persistent link: https://www.econbiz.de/10014404528
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Bosnia and Herzegovina : Selected Issues
International Monetary Fund - 2007
This Selected Issues paper examines the risks and structural weaknesses in Bosnia and Herzegovina. The paper provides an estimate of the current account adjustment required to stabilize net foreign liabilities. It uses the external sustainability approach of the Consultative Group on Exchange...
Persistent link: https://www.econbiz.de/10014404683
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Bosnia and Herzegovina : Selected Issues
International Monetary Fund - 2006
The current account deficit by the Central Bank of Bosnia and Herzegovina in recent years has fluctuated to about 20 percent of GDP. But official current account statistics suffer from several shortcomings. Possible sources of the savings required to achieve a fiscal position consistent with...
Persistent link: https://www.econbiz.de/10014405299