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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
This Selected Issues Paper focuses on economic condition, energy subsidies, and oil prices in Jordan. Energy price subsidies pose a serious fiscal risk in the present context of increasing and volatile international prices. The macroeconomic situation in Jordan is closely tied to that of other...
Persistent link: https://www.econbiz.de/10011244218
In the context of continuing adjustments in the economy, the Government of Indonesia proposes to bring energy prices closer to long run marginal cost, while adequately compensating the poor. We focus on the constraints on central government policy objectives towards the poor as decentralization...
Persistent link: https://www.econbiz.de/10005263761
Subsidy reform has been a key component of the pre-accession reform agenda of the 10 new member states that joined the … reforms in their economies. One of the most critical reforms was to reduce, and in some cases, eliminate their subsidy … programs. This paper analyzes how key subsidy reforms (in state aid to enterprises, agriculture, energy, and transportation …
Persistent link: https://www.econbiz.de/10005263811
This paper assesses the effectiveness of policies taken by the Burkinabè authorities to protect the poor from the adverse impact of a combined food and oil price shock in 2008. Estimates of the impact based on household survey data and a price pass-through model suggest that these policies were...
Persistent link: https://www.econbiz.de/10009293765
Emerging markets are particularly vulnerable to boom-bust credit cycles, due to excessive capital flows, shallow equity markets, and companies' high leverage and open FX positions. While the policy debate on how to respond to boom-bust credit cycles remains unsettled, it has been conjectured...
Persistent link: https://www.econbiz.de/10009401189
On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early...
Persistent link: https://www.econbiz.de/10009203528
Commonly cited environmental instruments in the legal, regulatory, and fiscal domains are intended primarily to address market failures to ensure that environmental degradation and resource use is contained to appropriate levels. However, in many instances, environmental degradation is rooted...
Persistent link: https://www.econbiz.de/10005825826
This paper presents a general framework for characterizing the optimal pattern of subsidies for poverty alleviation under budgetary constraints and suggests possible reforms for the existing pattern of subsidies. The government may subsidize or tax goods in order to meet its objectives. The...
Persistent link: https://www.econbiz.de/10005825884
within a multisector computable general equilibrium (CGE) model. A reduction in the government subsidy raises petroleum … will be the most significantly affected by the subsidy reduction. …
Persistent link: https://www.econbiz.de/10005826502