The NBRB has made substantial progress in improving its forecasting and policy analysis system (FPAS) and integrating it into monetary policy decision-making. The FPAS, and the model-based forecasts and policy analysis, is now well integrated into the policy-making process. Staff are well...

Opening remarks / Boštjan Jazbec, Giovanni Dell'Ariccia -- Panel 1, The coordination of monetary and fiscal policy principles and practical experience / chair: Nikolay Gueorguiev ; lead speaker: Steven Phillips ; panellists: Jan Smets, Lars Rohde, Dimitar Bogov, Nerses Yeritsyan -- Panel 2....

This Selected Issues paper studies the inefficiencies related to the electricity sector and assesses the potential impact of the 2019 reform plan. Electricity shortages are the second constraint to competitiveness reported by businesses in Lebanon, based on the Enterprise Survey conducted by the...