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Sustainability, Debt Management, and Public Debt Policy in Japan
Doi, Takero - 2006
authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …
Persistent link: https://www.econbiz.de/10012466308
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Morocco : ex post evaluation of exceptional access under the 2012 precautionary and liquidity line arrangement ; press release, staff report, and statement by the Executive Directo...
Geiregat, C.; Ltaifa, Nabil; Dwight, Lawrence; Nkusu, M.; … - 2015
This paper discusses Morocco's Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line …
Persistent link: https://www.econbiz.de/10011376804
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Morocco : second review under the arrangement under the precautionary and liquidity line ; press release, staff report, and statement by the Executive Director for Morocco
Mazarei, Adnan (contributor) - 2015
EXECUTIVE SUMMARY The economy is recovering and the outlook is favorable but still subject to significant risks. After slowing to below 2 1\2 percent in 2014, growth is expected to be close to 5 percent in 2015, boosted by a strong agricultural output and a gradual acceleration of activity in...
Persistent link: https://www.econbiz.de/10011377193
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Disinflation and Fiscal Reform : A Neoclassical Perspective
Rigobon, Roberto - 2002
During the last two decades, many Latin American countries engaged in disinflation programs based on both exchange rate management and fiscal reforms. However, in most instances, part of the fiscal reform was delayed or not implemented completely, so the fiscal deficit increased and the program...
Persistent link: https://www.econbiz.de/10012470009
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Optimal Monetary and Fiscal Policy in a Currency Union
Gali, Jordi - 2005
We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is...
Persistent link: https://www.econbiz.de/10012466856
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Joined at the Hip : Monetary and Fiscal Policy in a Liquidity-Dependent World
Calvo, Guillermo; Velasco, Andrés - National Bureau of Economic Research - 2022
We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services … the supply of bonds. Those movements in government bond prices affect available liquidity, and therefore aggregate demand … interest rate on money. We conclude that in a liquidity-dependent world, fiscal and monetary policies are joined at the hip …
Persistent link: https://www.econbiz.de/10013172164
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Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective
Hansen, Gary - 2013
Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to …
Persistent link: https://www.econbiz.de/10012459229
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Portugal : second post-program monitoring discussions ; press release and staff report
Pradhan, Mahmood (contributor) - 2015
This paper discusses key findings of the Second Post-Program Monitoring Discussions with Portugal. Portugal's economic recovery remains on track in 2015, boosted by rising exports and consumption, together with a recent upturn in investment. Real GDP expanded by 1.5 percent (year-over-year) in...
Persistent link: https://www.econbiz.de/10011376814
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Libya : technical assistance report ; public financial management reform priorities in the new environment
Chami, Ralph; Araujo, Jorge; Pattanayak, Sailendra; … - 2013
Persistent link: https://www.econbiz.de/10009707470
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Brazil : technical assistance report : strengthening fiscal responsibility at the subnational level
Internationaler Währungsfonds - 2020
federal government. In recent years, many states and municipalities have been struggling with high debt or severe liquidity …
Persistent link: https://www.econbiz.de/10012391219