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Romania; Selected Issues
International Monetary Fund (IMF); International … - 2007
This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that...
Persistent link: https://www.econbiz.de/10011245389
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Escaping the Curse of Oil? The Case of Gabon
Söderling, Ludvig - International Monetary Fund (IMF) - 2002
This paper studies the prospects for sustainable growth and economic development in Gabon, in the face of a severe decline in its main source of income and growth, i.e. oil. A simple Computable General Equilibrium model is used to simulate the development of the non-oil economy under various...
Persistent link: https://www.econbiz.de/10005605292
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Growth Following Investment and Consumption-Driven Current Account Crises
Klemm, Alexander - International Monetary Fund (IMF) - 2013
surpluses without a fall in consumption, capital inflows should be used to increase future output. This paper tentatively finds … following consumption booms. It also shows that many recent large current account deficits have been predominantly the result of … consumption or non-productive investment booms. …
Persistent link: https://www.econbiz.de/10010790435
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After the Crisis; Lower Consumption Growth But Narrower Global Imbalances?
Ohnsorge, Franziska; Mody, Ashoka - International Monetary Fund (IMF) - 2010
We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …
Persistent link: https://www.econbiz.de/10008561067
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Indonesia; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper for Indonesia uses a small structural macroeconomics model of the Indonesian economy to analyze the inflation outlook and monetary policy challenges. The Bank of Indonesia (BI) introduced its Inflation Targeting Framework in July 2005 with the goal to reduce inflation...
Persistent link: https://www.econbiz.de/10011244290
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2008
This Selected Issues paper for the Republic of Korea focuses on the role of monetary policy in the current context of slowing growth and rising inflation pressures. Korea has not remained immune to the global slowdown, and with the cycle turning downward, the trade-off between inflation and...
Persistent link: https://www.econbiz.de/10011245257
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Much Ado About Nothing? Estimating the Impact of a U.S. Slowdownon Thai Growth
Aiyar, Shekhar; Tchakarov, Ivan - International Monetary Fund (IMF) - 2008
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to...
Persistent link: https://www.econbiz.de/10005248323
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Money-Based Versus Exchange-Rate-Based Stabilization; Is there Space for Political Opportunism?
Aisen, Ari - International Monetary Fund (IMF) - 2004
-rate-based stabilizations (ERBS) create an initial consumption boom followed by a contraction, whereas money-based stabilizations (MBS) generate … a consumption bust followed by a recovery, policymakers may consider the timing of elections when determining the …
Persistent link: https://www.econbiz.de/10005263919
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Analyzing Determinants of Inflation When there Are Data Limitation:The Case of Sierra Leone
Kalonji, Kadima D.; Gottschalk, Jan; Miyajima, Ken - International Monetary Fund (IMF) - 2008
This paper examines the determinants of inflation in Sierra Leone using a structural vector autoregression (VAR) approach to help forecast inflation for operational purposes. Despite data limitations, the paper accurately models inflation in Sierra Leone. As economic theory predicts, domestic...
Persistent link: https://www.econbiz.de/10005825688
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Effect of IMF Structural Adjustment Programson Expectations; The Case of Transition Economies
Imam, Patrick A. - International Monetary Fund (IMF) - 2007
We analyze the effect of IMF programs on economic agents' expectations about the economy in transitional countries using survey data from the Central and Eastern Eurobarometer poll, an annual general public survey monitoring the evolution of public opinion from 1990 to 1997. Previous studies, in...
Persistent link: https://www.econbiz.de/10005768769