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This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that...
Persistent link: https://www.econbiz.de/10014409798
-Saharan Africa. The response by bilateral donors and multilateral institutions will, in practice, need to be country-specific. To …
Persistent link: https://www.econbiz.de/10014410007
United States. This pamphlet analyzes the reasonsfor the extraordinary growth of the Chinese economy …
Persistent link: https://www.econbiz.de/10014403126
While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could … the recovery of private investment was the main driving force, as the private sector saved most of its interest income on … public debt. The paper also analyzes some of the costs and benefits associated with trade liberalization. While there is no …
Persistent link: https://www.econbiz.de/10014396273
Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for …
Persistent link: https://www.econbiz.de/10014412064
telecommunications, energy, and transportation sectors. Moreover, Morocco has significantly liberalized its trade regime and strengthened …
Persistent link: https://www.econbiz.de/10011244655
This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last several years, with real GDP growing by 5–5½ percent in 2005–07, inflation declining to mid-single digits until recently, and employment growing steadily....
Persistent link: https://www.econbiz.de/10011245284
This Selected Issues paper and Statistical Appendix on Jordan underlies stabilization and structural transformation of the economy. Current fiscal policy appears to be broadly sustainable and should be sufficient to allow for the continued fall in the debt burden, absent large external...
Persistent link: https://www.econbiz.de/10005252563