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The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They...
Persistent link: https://www.econbiz.de/10011244857
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …
Persistent link: https://www.econbiz.de/10011245903
The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic...
Persistent link: https://www.econbiz.de/10005825949
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
A mix of solid economic policies, wage moderation, and an early orientation toward Eastern Europe explain Austria’s strong economic performance. The economy has grown strong in 2007 and through the first quarter of 2008. Employment growth remains strong, but the trend of a declining...
Persistent link: https://www.econbiz.de/10011243685
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …-sectionally augmented distributed lag (CSDL) approach of Chudik et al. (2013) as well as the standard panel ARDL method for estimationâ …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …
Persistent link: https://www.econbiz.de/10011142122
This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
declining inflation, stabilizing the exchange rate, and a rebuilding of international reserves. Directors also recommended that … monetary policy give priority to reducing inflation and rebuilding reserves further. …
Persistent link: https://www.econbiz.de/10011244579
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
direct bearing on the ongoing efforts to move toward a fully fledged inflation-targeting regime and develop interest rates as …
Persistent link: https://www.econbiz.de/10011245904