Showing 1 - 9 of 9
As the second largest African oil producer, Angola had unsustainable government expenditures in effect until 2014 due to the drop in international oil prices. The Government responded with a comprehensive reform program including the gradual elimination of most fuel subsidies and an extension of...
Persistent link: https://www.econbiz.de/10012644849
Montenegro Policy Note on Broadband: Achieving Universality of High-Speed Broadband: Review and Application Experience of the EU State Aid Framework aims to provide advice to the Government of Montenegro on the possible mechanisms for state aid support for broadband infrastructure, while taking...
Persistent link: https://www.econbiz.de/10012247362
Persistent link: https://www.econbiz.de/10012248074
The Mongolian economy has grown very rapidly following the discovery of significant mineral deposits. Large investments in the mining sector have led to increased capital inflows, resulting in cheap external funding for banks and rapid credit expansion. Loans to households increased at the...
Persistent link: https://www.econbiz.de/10012248106
In 2010, over 92 percent of the assets in the Nicaraguan financial system were concentrated in the banking sector, while microfinance managed over 5 percent, and all the remaining segments covered less than 3 percent. Starting in the late 1990s and until 2007, the microfinance sector in...
Persistent link: https://www.econbiz.de/10012248400
In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...
Persistent link: https://www.econbiz.de/10011636259
We analyze the degree of anchoring of inflation expectations in the euro area during the post-crisis period, with a focus on the time span from 2014 onwards when long-term beliefs have substantially drifted away from the policy target. Using a new estimation technique, we look at tail...
Persistent link: https://www.econbiz.de/10011636312
This paper analyses the distribution of long-term inflation expectations in the euro area using individual density forecasts from the ECB Survey of Professional Forecasters. We exploit the panel dimension in this dataset to examine whether this distribution became less stable following the Great...
Persistent link: https://www.econbiz.de/10011636332
Persistent link: https://www.econbiz.de/10011618803