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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
public infrastructure investment, and less representative governments in many of today's developing economies. …
Persistent link: https://www.econbiz.de/10005604955
Persistent link: https://www.econbiz.de/10005264258
Mauritania successfully completed its previous poverty reduction growth facility arrangement in December 2002. The focus of this report is on the effectiveness of policies adopted in the last few years and the medium-term strategy. Macroeconomic stability under the IMF-supported program and the...
Persistent link: https://www.econbiz.de/10005825038
Rwanda’s Second and Third Reviews under the Poverty Reduction and Growth Facility, and request for Waiver of Performance Criteria are discussed. After an extended period characterized by a strong expansion of economic activity, real GDP growth is estimated by IMF staff to have slowed to...
Persistent link: https://www.econbiz.de/10005825455
The staff report for the Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Georgia focuses on economic developments and policies. The fiscal situation deteriorated sharply in 2003, especially because of a weakening in expenditure management and in tax...
Persistent link: https://www.econbiz.de/10005591176
tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …
Persistent link: https://www.econbiz.de/10010959471
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze … the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity …
Persistent link: https://www.econbiz.de/10011123850
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
institutions as well as deepening capital markets in developing countries to improve financing conditions and investment outcomes. …
Persistent link: https://www.econbiz.de/10011242231