Showing 1 - 10 of 2,087
A strong policy framework and improved income distribution and social outcomes have been important accomplishments in Brazil. The 2012 Article IV Consultation highlights that financial stability in Brazil has been underpinned by a strong banking system and framework for regulation and...
Persistent link: https://www.econbiz.de/10011244712
This 2004 Article IV Consultation highlights that the Czech Republic’s GDP expanded by 3.1 percent in 2003 and the first quarter of 2004, mainly supported by household consumption. Investment was also strong in 2003—driven by spending on public infrastructure—and swelled in...
Persistent link: https://www.econbiz.de/10005590972
The recent global financial crisis has exposed the limitations of a conventional inflation targeting framework in … and inflation. Possible refinements to the inflation targeting framework in Korea were investigated by taking into account … business cycle fluctuations by mitigating the buildup of factors that lead to large fluctuations in output and inflation. …
Persistent link: https://www.econbiz.de/10011244762
Inflation in Southeastern European (SEE) countries has been comparable with euro area inflation, partly owing to on the … inflation-targeting regime pursued in Albania. The analysis also explores additional heterogeneity between SEE and other regions …
Persistent link: https://www.econbiz.de/10011245091
The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...
Persistent link: https://www.econbiz.de/10011244180
This paper discusses key findings of the Third Review Under the Poverty Reduction and Growth Facility (PRGF) for Haiti. Despite external shocks, program performance was solid in the first half of FY2008, with all but one quantitative performance criteria (PC) met. Most structural conditionality...
Persistent link: https://www.econbiz.de/10011244304
The global financial crisis had a much more pronounced impact on South Africa relative to some other large emerging markets. The overriding economic policy challenge is to reduce unemployment and inequality through higher economic growth. Unemployment is a key policy focus; and a wage subsidy...
Persistent link: https://www.econbiz.de/10011244306
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
This 2008 Article IV Consultation highlights that Bolivia’s overall fiscal position has improved in 2008. Booming hydrocarbon and mining exports, together with high remittance inflows, led to a record-high current account surplus and large reserve accumulation, with major pressures on...
Persistent link: https://www.econbiz.de/10011244436
owing to a longer-than-expected consultation process. The gains in lowering inflation should be consolidated, including … through the adoption of an inflation targeting framework to bolster policy credibility. IMF support helped to maintain …
Persistent link: https://www.econbiz.de/10011244446