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Output Gap Uncertainty and Real-Time Monetary Policy
Grigoli, Francesco; Herman, Alexander; Swiston, Andrew; … - International Monetary Fund (IMF) - 2015
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
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Nonfinancial Firms in Latin America; A Source of Vulnerability?
Gonzalez, Maria - International Monetary Fund (IMF) - 2012
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized …
Persistent link: https://www.econbiz.de/10011242251
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Costa Rica: 2014 Article IV Consultation - Staff Report; Press Release; Staff Statement; and Statement by the Executive Director for Costa Rica
International Monetary Fund (IMF); International … - 2015
The economy recovered quickly from the global crisis of 2008–09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains from recovery in the U.S. will be offset by the closure of the Intel manufacturing...
Persistent link: https://www.econbiz.de/10011245289
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Central America, Panama, and the Dominican Republic; Trade Integration and Economic Performance
Cas, Stephanie Medina; Swiston, Andrew; Barrot, Luis-Diego - International Monetary Fund (IMF) - 2012
This paper studies the potential for the export sector to play a more important role in promoting growth in Central America, Panama, and the Dominican Republic (CAPDR) through deeper intra-regional and global trade integration. CAPDR countries have enacted many free trade agreements and other...
Persistent link: https://www.econbiz.de/10011242361
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Costa Rica; Selected Issues
International Monetary Fund (IMF); International … - 2013
This article is a synopsis on Costa Rica’s international spillovers, potential estimates, fiscal challenges, and banking systems. Spillovers are originated by cross-country trade and financial linkages, and also by the impact of global fiscal consolidation. The banking sector has about...
Persistent link: https://www.econbiz.de/10011242574
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Costa Rica: Selected Issues and Analytical Notes
International Monetary Fund (IMF); International … - 2015
Persistent link: https://www.econbiz.de/10011242762
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Costa Rica: Fiscal Transparency Assessment
International Monetary Fund (IMF); International … - 2013
This paper discusses pilot fiscal transparency assessment for Costa Rica. The assessment confirmed that Costa Rica has various excellent and sophisticated fiscal transparency practices. Those include: (1) institutional coverage with annual consolidated budgetary information for the entire public...
Persistent link: https://www.econbiz.de/10011243178
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Costa Rica; 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This article is an analytical report of the economic developments of Costa Rica. The economy showed rapid growth in the aftermath of the global crisis with low inflation; but for further stable growth, certain policy frameworks and reforms need to be reinforced. The fiscal stance should be made...
Persistent link: https://www.econbiz.de/10011243920
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Central Bank Financial Strength in Central America and the Dominican Republic
Swiston, Andrew; Frantischek, Florencia; Gajdeczka, Przemek - International Monetary Fund (IMF) - 2014
This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions during the 1990’s and early 2000’s. Their net income has improved...
Persistent link: https://www.econbiz.de/10011142063
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Peru: Selected Issues Paper
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper examines application of fiscal framework alternatives to the case of Peru. Although growth … has been at historical highs over the last decade, Peru still has an important infrastructure gap and a quarter of its … population still lives in poverty. This paper applies illustratively new modified frameworks recently developed by the IMF to the …
Persistent link: https://www.econbiz.de/10011244249