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Paraguay; Sixth and Final Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Dire...
International Monetary Fund (IMF); International … - 2008
This paper discusses key findings of the Sixth and Final Review Under the Stand-By Arrangement for Paraguay. The program remains broadly on track. All performance criteria for end-March 2008 were met, and those for end-June 2008 are expected to have been observed. With one exception, all...
Persistent link: https://www.econbiz.de/10011244416
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Uganda; Sixth Review Under the Policy Support Instrument and Request for an Extension of the Policy Support Instrument-Staff Report; Press Release on the Executive Board Discussion...
International Monetary Fund (IMF); International … - 2009
This paper discusses key findings of the Sixth Review for Uganda Under the Policy Support Instrument. Structural rigidities continue to pose challenges to macroeconomic management in Uganda. Persistent weaknesses in project implementation coupled with rigidities in domestic financial markets...
Persistent link: https://www.econbiz.de/10011244497
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Paraguay; Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Paraguay
International Monetary Fund (IMF); International … - 2006
environment, inflation fell significantly to 2¾ percent in 2004—the lowest inflation rate since the early 1970s. The return of …
Persistent link: https://www.econbiz.de/10011245700
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Monetary Policy Implementation at Different Stages of Market Development
Laurens, Bernard - International Monetary Fund (IMF) - 2005
The most salient trend in monetary policy over the past two decades has been increasing reliance on money market operations, which reflects the belief that allowing market forces to allocate financial resources brings about increased economic efficiency and growth. However, small economies and...
Persistent link: https://www.econbiz.de/10005252522
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Public Debt, Money Supply, and Inflation; A Cross-Country Study and its Application to Jamaica
Kwon, Goohoon; McFarlane, Lavern; Robinson, Wayne - International Monetary Fund (IMF) - 2006
predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation. …
Persistent link: https://www.econbiz.de/10005263906
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Inflation and Fiscal Deficits; The Irrelevance of Debt and Money Financing
Barrionuevo, José M. - International Monetary Fund (IMF) - 1992
inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered. …
Persistent link: https://www.econbiz.de/10005263970
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Financial Stability and Fiscal Crises in a Monetary Union
Jahjah, Samir - International Monetary Fund (IMF) - 2001
help prevent or minimize the risk of fiscal crises and the corresponding risk of central bank financing and inflation. …
Persistent link: https://www.econbiz.de/10005826053
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DSGE Modeling At the Fund; Applications and Further Developments
Botman, Dennis P. J.; Rose, David; Laxton, Douglas; … - International Monetary Fund (IMF) - 2007
Researchers in policymaking institutions have expended significant effort to develop a new generation of macro models with more rigorous microfoundations. This paper provides a summary of the applications of two of these models. The Global Economy Model is a quarterly model that features a large...
Persistent link: https://www.econbiz.de/10005826064
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Aid Volatility and Dutch Disease; Is there a Role for Macroeconomic Policies?
Tressel, Thierry; Prati, Alessandro - International Monetary Fund (IMF) - 2006
This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that foreign aid, with the important exception of years of adverse...
Persistent link: https://www.econbiz.de/10005768730