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International Monetary Fund (IMF); International … - 2013

This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the...

Persistent link: https://www.econbiz.de/10011244033

Liquidity Trap and Excessive Leverage

Korinek, Anton; Simsek, Alp - International Monetary Fund (IMF) - 2014

We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....

Persistent link: https://www.econbiz.de/10010800974

Reforming Tax Expenditures in Italy: What, Why, and How?

Tyson, Justin - International Monetary Fund (IMF) - 2014

efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …

Persistent link: https://www.econbiz.de/10011123882

Fiscal Decentralization and the Efficiency of Public Service Delivery

Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …

Persistent link: https://www.econbiz.de/10011242349

Denmark; Financial Sector Assessment Program-Technical Note-Competition in the Banking Sector

International Monetary Fund (IMF); International … - 2007

competitive and efficient banking sector. Measured by various indicators, efficiency of banking intermediation has been improving …

Persistent link: https://www.econbiz.de/10011244565

Exchange Rates and Economic Fundamentals; A Framework for Analysis

Symansky, Steven A.; Clark, Peter B.; Bartolini, Leonardo; … - International Monetary Fund (IMF) - 1994

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

Persistent link: https://www.econbiz.de/10005824872

Privatization and Public Enterprises

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

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

Competitiveness in the Baltics in the Run-Up to EU Accession

International Monetary Fund (IMF); International … - 2003

This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the earlier years of transition, price liberalization,...

Persistent link: https://www.econbiz.de/10005591344

Intertwined Sovereign and Bank Solvencies in a Model of Self-Fulfilling Crisis

Adler, Gustavo - International Monetary Fund (IMF) - 2012

from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure … to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model …

Persistent link: https://www.econbiz.de/10010878417

The State of Public Finances Cross-Country Fiscal Monitor: November 2009

International Monetary Fund (IMF); International … - 2009

Persistent link: https://www.econbiz.de/10010878426

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