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Iceland: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178
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Euro Area Policies: Selected Issues
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...
Persistent link: https://www.econbiz.de/10011244439
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Money isn't Everything; The Challenge of Scaling Up Aid to Achieve the Millennium Development Goals in Ethiopia
Mattina, Todd D. - International Monetary Fund (IMF) - 2006
This paper outlines the challenge of developing an operational macroeconomic framework in Ethiopia consistent with the large envisaged scaling up of aid to achieve the Millennium Development Goals (MDGs). This paper describes an MDG scenario that addresses both microeconomic and macroeconomic...
Persistent link: https://www.econbiz.de/10005248180
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Great Recession and Fiscal Squeeze at U.S. Subnational Government Level
Jonas, Jiri - International Monetary Fund (IMF) - 2012
The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states responded to close the budget gaps in order to obey the balanced budget provisions. It highligts the...
Persistent link: https://www.econbiz.de/10010790344
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Brazil: Selected Issues
International Monetary Fund (IMF); International … - 2013
implementation of the infrastructure investment program, higher domestic saving, and structural reforms. …
Persistent link: https://www.econbiz.de/10011242465
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Kuwait: Selected Issues
International Monetary Fund (IMF); International … - 2013
investment for Kuwait under uncertainty. The results show that in the face of high oil income volatility and the expected decline … is room to increase investment spending, which should contribute to the growth of the tradable sector, as the projected … investment rate is lower than the optimal investment rate of 20 percent of government income. …
Persistent link: https://www.econbiz.de/10011242728
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Interest Rates, Credit Rationing, and Investment in Developing Countries
Nkusu, Mwanza - International Monetary Fund (IMF) - 2003
This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that … treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two …
Persistent link: https://www.econbiz.de/10005605233
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Fiscal Frameworks for Resource Rich Developing Countries
Poplawski-Ribeiro, Marcos; Villafuerte, Mauricio; … - International Monetary Fund (IMF) - 2012
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010878428
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A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries
Leruth, Luc E.; Paul, Elisabeth - International Monetary Fund (IMF) - 2006
A well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency, on par with a low-distortion tax system and efficient tax administration. The paper discusses PEM systems in developing countries using an analytical framework based on...
Persistent link: https://www.econbiz.de/10005248131
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Income Distribution and Tax and Government Social Spending Policies in Developing Countries
Chu, Ke-young; Davoodi, Hamid Reza; Gupta, Sanjeev - International Monetary Fund (IMF) - 2000
This paper reviews income distribution in developing (and transition) countries in recent decades. On average, before-tax income distribution in developing countries is less unequal than in industrial countries. However, unlike industrial countries, developing countries in general have not been...
Persistent link: https://www.econbiz.de/10005248221