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This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the...
Persistent link: https://www.econbiz.de/10005824959
This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020
This Selected Issues paper takes a close look at the proximate determinants and short-term dynamics of inflation in … Switzerland. It identifies salient features of the inflation experience in Switzerland. The paper uses a wage-price model to gauge … the sensitivity of inflation to the business cycle and the exchange rate. The findings suggest that underlying inflation …
Persistent link: https://www.econbiz.de/10005825084
The econometric results show that it is feasible to estimate robust price and inflation equations for Georgia. The long …
Persistent link: https://www.econbiz.de/10005825215
impact of monetary and exchange rate policies on inflation, including the nature of the lags involved. It reviews …
Persistent link: https://www.econbiz.de/10005825354
This Selected Issues paper analyzes inflation in Norway with a view to shedding light on this surprising development … and the possible near-term course of inflation, using statistical and econometric analyses. The paper reviews recent … developments of monetary policy and inflation in Norway, applies statistical and econometric tools to identify factors influencing …
Persistent link: https://www.econbiz.de/10005825365
3 percent. Recent indicators suggest that activity has continued to strengthen in 2004. During 2003, inflation … inflation. IMF staff projects that the economic recovery will gain momentum with GNP growth of 4½ percent in 2004, accelerating … slightly to 5 percent in 2005. Core inflation is forecast to stay close to 2 percent. …
Persistent link: https://www.econbiz.de/10005825386
This Selected Issues paper reviews Vietnam's inflation dynamics, trade regime, performance, and external …
Persistent link: https://www.econbiz.de/10005825537