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This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and … GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …, 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
. Additionally, a test for structural breaks in the series of potential GDP is presented. All methodologies conclude that the output … gap at the end of 2012 is almost closed at -0.2 percent of potential GDP. …
Persistent link: https://www.econbiz.de/10011243930
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 … momentum. The external current account deficit doubled to about 7¼ percent of GDP, owing to a deterioration in the terms of …
Persistent link: https://www.econbiz.de/10011244180
This selected issues paper on Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 7, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011244203
in activity alongside high inflation. Executive Directors have welcomed the commitment made in the 2008 budget to tighten …
Persistent link: https://www.econbiz.de/10011244220
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
also analyzes the factors that have constrained South Africa’s growth since the end of apartheid, by comparing its GDP …
Persistent link: https://www.econbiz.de/10011244349
Indonesia’s external borrowing spreads increased by more than 1000 bps from mid-2007 to late 2008, before subsiding in recent months. The large increase in spreads prompted questions about whether the spreads adequately reflect the improvements in fundamentals made over the past few...
Persistent link: https://www.econbiz.de/10011244396
owing to a longer-than-expected consultation process. The gains in lowering inflation should be consolidated, including … through the adoption of an inflation targeting framework to bolster policy credibility. IMF support helped to maintain …
Persistent link: https://www.econbiz.de/10011244446