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International Monetary Fund (IMF); International … - 2004

Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...

Persistent link: https://www.econbiz.de/10005768647

Do Active Labor Market Policies Increase Employment?

Estevão, Marcello M. - International Monetary Fund (IMF) - 2003

Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to...

Persistent link: https://www.econbiz.de/10005604960

Privatization and Public Enterprises

Hemming, Richard; Mansoor, Ali M. - International Monetary Fund (IMF) - 1998

Persistent link: https://www.econbiz.de/10005590918

Romania; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper for Romania reports that the practice of nonpayment and arrears accumulation has been widespread in Romania. Managers of enterprises that remain in the pipeline for privatization for long periods of time have little incentive to reduce arrears. The state contributed to...

Persistent link: https://www.econbiz.de/10005591456

Financial Markets and Public Finance in the Transformation Process

Tanzi, Vito - International Monetary Fund (IMF) - 1992

The paper surveys the role of financial markets and fiscal institutions in the transformation process going on in Eastern and Central Europe. It highlights (a) the need to create some sort of “social ecological balance” necessary for the working of a modern market economy; (b) the need to...

Persistent link: https://www.econbiz.de/10005264034

Algeria; Selected Issues

International Monetary Fund (IMF); International … - 2008

Algeriaâ€™s local corporate bond market provides a good basis for further diversifying the economyâ€™s financing channels. This study analyzes the nexus of bank financing of public enterprises in the ongoing national investment program (NIP) and also sets Algeriaâ€™s local...

Persistent link: https://www.econbiz.de/10011242931

Greece; Second Review Under the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Greece.

International Monetary Fund (IMF); International … - 2010

A very ambitious fiscal adjustment effort is under way. Fiscal institutional and sectoral reforms have been elaborated for a more durable adjustment. Greeceâ€™s determination toward a comprehensive modernization of the health sector, beginning with a far-reaching reform of state enterprises...

Persistent link: https://www.econbiz.de/10011244162

Republic of Serbia; Selected Issues Paper

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper on Serbiaâ€™s Article IV Consultation reviews the precrisis growth paradigm and its legacy vulnerabilities. The underlying growth model proved vulnerable to shocks, being associated with a high share of nontradable, low domestic savings, and a fragile external...

Persistent link: https://www.econbiz.de/10011244903

Infrastructure and Income Distribution in ASEAN-5; What are the Links?

Seneviratne, Dulani; Sun, Yan - International Monetary Fund (IMF) - 2013

Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both...

Persistent link: https://www.econbiz.de/10011242245

Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia

Bhattacharya, Rina - International Monetary Fund (IMF) - 2013

This paper provides an overview of inflation developments in Vietnam in the years following the doi moi reforms, and … uses empirical analysis to answer two key questions: (i) what are the key drivers of inflation in Vietnam, and what role … does monetary policy play? and (ii) why has inflation in Vietnam been persistently higher than in most other emerging …

Persistent link: https://www.econbiz.de/10010790430