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The Federal Democratic Republic of Ethiopia; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
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Measuring the Informal Economy in the Caucasus and Central Asia
Abdih, Yasser; Medina, Leandro - International Monetary Fund (IMF) - 2013
This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional...
Persistent link: https://www.econbiz.de/10010790402
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Drivers of Peru's Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency?
Tashu, Melesse - International Monetary Fund (IMF) - 2015
This paper tests the hypothesis of ‘commodity currency’ on the nuevo sol and, more generally, identifies the drivers of Peru’s equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant...
Persistent link: https://www.econbiz.de/10011242227
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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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Peru; 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This paper discusses Peru’s economic performance in 2012. The impressive growth is owed to its strong fundamentals and sound policy management. However, the economy is vulnerable to short-term shocks. A low growth in China or in the United States could hamper Peru’s macroeconomic...
Persistent link: https://www.econbiz.de/10011242761
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Peru; Selected Issues Paper
International Monetary Fund (IMF); International … - 2013
statements, have also been studied. Finally, the framework of Espino and Carrera used for the estimation of interest rate spreads …
Persistent link: https://www.econbiz.de/10011243387
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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 … case of Peru. It takes stock of analytical considerations to resource management, and analyzes Peru’s natural resource …
Persistent link: https://www.econbiz.de/10011244249
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Peru: Staff Report for the 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2014
This 2013 Article IV Consultation highlights that Peru’s economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the...
Persistent link: https://www.econbiz.de/10011245344
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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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Motives and Effectiveness of Forex Interventions: Evidence from Peru
Tashu, Melesse - International Monetary Fund (IMF) - 2014
This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of … Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this …
Persistent link: https://www.econbiz.de/10011142096