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The Transition Economies After Ten Years
Fischer, Stanley; Sahay, Ratna - International Monetary Fund (IMF) - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
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New Evidence on Fiscal Adjustment and Growth in Transition Economies.
Simone, Alejandro - 2006
Intro -- Contents -- I. INTRODUCTION -- II. EMPIRICAL METHODOLOGY AND SAMPLE -- III. GROWTH AND FISCAL ADJUSTMENT IN TRANSITION COUNTRIES: SOME STYLIZED FACTS -- IV. ECONOMETRIC MODEL RESULTS -- V. QUALITATIVE ANALYSIS OF COUNTRY EXPERIENCES -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691096
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Armenia; The Road to Sustained Rapid Growth-Cross-Country Evidence
Iradian, Garbis - International Monetary Fund (IMF) - 2003
This study examines the growth determinants and the economic policy challenges that Armenia faces to sustain the rapid growth of the past two years. The paper also seeks to answer the following two questions: Why has Armenia performed relatively better than other transition economies? What are...
Persistent link: https://www.econbiz.de/10005263869
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Rapid Growth in Transition Economies; Growth-Accounting Approach
Iradian, Garbis - International Monetary Fund (IMF) - 2007
This paper uses the growth-accounting approach to determine the sources of growth in transition economies. The central conclusion is that the estimated total factor productivity (TFP) growth for the former Soviet Union republics were significantly higher than other fast growing economies. A key...
Persistent link: https://www.econbiz.de/10005604998
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Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa
Salinas, Gonzalo; Imam, Patrick A. - International Monetary Fund (IMF) - 2008
The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our...
Persistent link: https://www.econbiz.de/10005605430
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The Rising Resilience of Emerging Market and Developing Economies
Abiad, Abdul; Bluedorn, John C; Guajardo, Jaime; … - International Monetary Fund (IMF) - 2012
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we...
Persistent link: https://www.econbiz.de/10011142060
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Forecasting Inflation in Sudan
Moriyama, Kenji - 2009
This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and … by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during … indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for …
Persistent link: https://www.econbiz.de/10012677800
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The Economic Performance Index (EPI): an Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective
Khramov, Vadim; Lee, John Ridings - International Monetary Fund (IMF) - 2013
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
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Simulating Inflation Forecasting in Real-Time; How Useful is a Simple Phillips Curve in Germany, the U.K.L4434, and the U.S.?
Clausen, Jens R.; Clausen, Bianca - International Monetary Fund (IMF) - 2010
This paper simulates out-of-sample inflation forecasting for Germany, the UK, and the US. In contrast to other studies … that Phillips curves based on ex post output gaps generally improve the accuracy of inflation forecasts compared to an AR(1 …) forecast but that real-time output gaps often do not help forecasting inflation. This raises the question how operationally …
Persistent link: https://www.econbiz.de/10008519495
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How to Evaluate Gdp-Linked Warrants; Price and Repayment Capacity
Miyajima, Ken - International Monetary Fund (IMF) - 2006
Following a brief review of the recent history of GDP-linked instruments, this paper proposes a set of tools to examine the quantitative properties of GDP-linked warrants. It argues that trigger conditions should be clearly identifiable and payment amounts easily calculable. Based on a design...
Persistent link: https://www.econbiz.de/10005604979