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This Selected Issues paper analyzes Jamaica’s experience of low growth despite consistently high investment rates. It suggests that the link between public debt and productivity is part of the answer to the puzzle. The paper considers Jamaica’s debt management strategy and its...
Persistent link: https://www.econbiz.de/10011244350
This Selected Issues paper discusses Ireland’s trade and financial linkages with key partner countries. The paper uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S....
Persistent link: https://www.econbiz.de/10011245087
Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to improved relative unit labor costs and reemergence of a location advantage....
Persistent link: https://www.econbiz.de/10011243318
This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
comprehensive program to address key influencing issues can improve the effectiveness of monetary policy, increase financial …
Persistent link: https://www.econbiz.de/10009510804
This 2014 Article IV Consultation highlights that after a steady recovery during 2010–12 from the deep 2009 recession, Armenia’s growth softened in 2013 and has remained subdued in 2014. The softening of economic activity has been broad based, as growth of exports and remittances...
Persistent link: https://www.econbiz.de/10011244163
This 2013 Article IV Consultation highlights that Sierra Leone has made significant progress in macroeconomic stabilization over the last five years. Real GDP growth averaged some 7 percent, driven by output expansion in agriculture, mining, and services; as well as the scaling-up of...
Persistent link: https://www.econbiz.de/10011244166
complete. Policy recommendations: Going forward, sustainable macroeconomic policies need to be combined with measures that … legacies in the financial sector. • Fiscal policy. Maintain the fiscal adjustment achievements, put public debt on a firm … expenditure management including through higher absorption of EU funds. • Monetary policy. Keep the easing bias as inflation has …
Persistent link: https://www.econbiz.de/10011244167
hindering further broadening of growth across key sectors to reduce poverty, and highlights the main areas for policy action. …
Persistent link: https://www.econbiz.de/10011244172