Showing 1 - 10 of 109
This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the …
Persistent link: https://www.econbiz.de/10010800972
The economy continues to recover at a steady pace, buoyed by strong activity in the oil and gold sectors, as well as public investment. In the wake of the January 2011 devaluation and concurrent increase in taxes, the fiscal balance shifted from a deficit of 3 percent of GDP in 2010 to a surplus...
Persistent link: https://www.econbiz.de/10011242538
activity in Suriname. The estimates are broadly consistent with prior empirical findings. The results reveal a strong …
Persistent link: https://www.econbiz.de/10011242836
This Selected Issues paper focuses on constructing a high-frequency economic growth indicator for Suriname. Most … economic data for Suriname are available only with a substantial time lag and on a low-frequency basis, impeding such analyses … to construct a monthly indicator of economic activity for Suriname. The indicator provides information about the pace of …
Persistent link: https://www.econbiz.de/10011243069
This 2014 Article IV Consultation highlights that Suriname’s macroeconomic conditions weakened in 2013 as gold and oil prices declined. With those prices falling below recent peaks, the large fiscal and external sector exposures to the mineral sector continued their deterioration in 2013,...
Persistent link: https://www.econbiz.de/10011243158
improve macroeconomic performance, enabling Suriname to enjoy several recent upgrades from major ratings agencies. With gold …
Persistent link: https://www.econbiz.de/10011244343
The sovereign debt crisis in Europe has highlighted the role of country risk premia as a link between countries’ fiscal and external balances, financial conditions and monetary policy. The purpose of this paper is to estimate how adoption of inflation targeting (IT) affects spreads. It is...
Persistent link: https://www.econbiz.de/10011242286
The paper investigates the non-performing loans (NPLs) in Central, Eastern and South-Eastern Europe (CESEE) in the period of 1998–2011. The paper finds that the level of NPLs can be attributed to both macroeconomic conditions and banks’ specific factors, though the latter set of factors was...
Persistent link: https://www.econbiz.de/10011242324
This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of...
Persistent link: https://www.econbiz.de/10010790253
We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest rate responds more than proportionally to inflation. We show that conditions under...
Persistent link: https://www.econbiz.de/10010790376