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This Selected Issues paper describes the monetary transmission mechanism in Sierra Leone. The paper uses a vector autoregression model to explore the links between policy changes by The Bank of Sierra Leone and real variables, such as output and prices. The paper describes Sierra Leone’s...
Persistent link: https://www.econbiz.de/10011243533
exhibiting signs of overheating, with imbalances evident in inflation, the current account, and external debt. GDP grew at an …
Persistent link: https://www.econbiz.de/10005825269
This Selected Issues paper for Iceland reports that it faces a considerably less favorable inflation-output variability … of inflation breaching the tolerance band and help to lower the probability of such events occurring. To effectively … target inflation, central banks need to be forward looking, responding early to prospective demand pressures. Having housing …
Persistent link: https://www.econbiz.de/10005825421
Union. Inflation is the main concern. While rising inflation partly reflects regional trends in food and energy prices …, strong demand has been adding to inflation pressures. …
Persistent link: https://www.econbiz.de/10011243006
This Selected Issues paper on the Russian Federation underlies inflation persistence and evolution in response to … structural shocks. Inflation in Russia has been characterized by a considerable degree of persistence. An explicit inflation … inflation. Allowing more nominal appreciation would help to keep inflation on a downward path and better anchor inflation …
Persistent link: https://www.econbiz.de/10011243057
The Paraguayan economy suffered setbacks throughout 2011–12 owing to drought, export ban, and inflation. Recovery …
Persistent link: https://www.econbiz.de/10011243170
This selected issues paper on Indonesia 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 August 21, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011243208
This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and...
Persistent link: https://www.econbiz.de/10011243309
This 2007 Article IV Consultation highlights that the transitional government that took over in Haiti following President Aristide’s departure in February 2004 implemented prudent fiscal and monetary policies, and significantly improved governance and transparency in public sector...
Persistent link: https://www.econbiz.de/10011243498
in equilibrium, while the central bank intends to withdraw excess liquidity as necessary to limit inflation to no more …
Persistent link: https://www.econbiz.de/10011243598