Similar Search Results

Sriram, Subramanian S. - 2009

This paper evaluates the demand for broad money (M2) in The Gambia for January 1988-June 2007. There appears to be a long-run relationship for demand for real M2, but the relationship is not stable. Exogenous output shocks, financial innovation, changes in income velocity, and inadequate data...

Persistent link: https://www.econbiz.de/10012677841

Mauritius

Minoiu, Camelia - 2008

We assess the competitiveness of Mauritius in recent years using two approaches. First, we estimate the difference between the equilibrium and the actual real exchange rate using four methods: the macroeconomic balance approach, the single-equation fundamentals approach, the capital-enhanced...

Persistent link: https://www.econbiz.de/10012677660

Inflation and Monetary Policy in a Low-Income and Fragile State: The Case of Guinea

Carriere-Swallow, Yan - 2023

Inflation in low-income countries is often high and volatile, driven by external shocks. In addition, inflation in fragile states is affected by highly volatile domestic factors that complicate monetary policy's ability to deliver price stability. We estimate the drivers of inflation in Guinea...

Persistent link: https://www.econbiz.de/10015059498

How Vulnerable is Sub-Saharan Africa to Geoeconomic Fragmentation?

Bolhuis, Marijn - 2024

This paper studies the potential effects of geoeconomic fragmentation (GEF) in the sub-Saharan Africa region (SSA) through quantifying potential long-term economic costs. The paper considers two alternative GEF scenarios in which trade relations are fully or partially curtailed across world...

Persistent link: https://www.econbiz.de/10015058582

Unintended Consequences : Spillovers from Nigeria's Fuel Pricing Policies to Its Neighbor

Mlachila, Montfort; Ruggiero, Edgardo; Corvino, David - 2016

illustrates the constraints by examining the case of Nigeria, a major oil exporter that subsidizes gasoline, and that of Togo, an … oil importer and neighbor of Nigeria. It finds that the price differential between formal prices in Togo and Nigeria is … higher is smuggling from Nigeria to Togo, and the lower the tax base in Togo. The econometric results suggest that, unless …

Persistent link: https://www.econbiz.de/10014408020

Fiscal Policy in Pakistan Since 1970

International Monetary Fund (IMF); International … - 1992

The analysis in this paper suggests that the large fiscal deficits that Pakistan has experienced over most of the period since 1970 led to some crowding out of private investment, resulting in slower output growth than would otherwise have been observed. Past fiscal deficits have also resulted...

Persistent link: https://www.econbiz.de/10005248177

Macroeconomic Adjustment in a Highly Dollarized Economy; The Case of Cambodia

International Monetary Fund (IMF); International … - 2002

Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...

Persistent link: https://www.econbiz.de/10005248256

The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand; How Much Can Growth Theory Explain?

Hunt, Ben - International Monetary Fund (IMF) - 2009

In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in...

Persistent link: https://www.econbiz.de/10005248284

Does Inflation in China Affect the United States and Japan?

Willard, Luke; Feyzioglu, Tarhan - International Monetary Fund (IMF) - 2006

With China's share in global trade increasing rapidly, some argued in 2002-03 that China was exporting deflation to other countries as it was dumping cheap goods in mature markets. Later, others argued that China was sucking in commodities and thus causing sharp increases in global prices. The...

Persistent link: https://www.econbiz.de/10005263709

Asset Market Participation, Monetary Policy Rules, and the Great Inflation

Bilbiie, Florin; Straub, Roland - International Monetary Fund (IMF) - 2006

This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...

Persistent link: https://www.econbiz.de/10005263711