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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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Central African Economic and Monetary Community (CEMAC) : Central African Economic and Monetary Community : common policies in support of member countries reform programs : press r...
Internationaler Währungsfonds - 2022
Despite a more favorable external environment, marked by the rebound in global growth, fast-increasing oil prices, and unprecedented Fund financial support, CEMAC is ending 2021 in a fragile external position. Net external reserves fell throughout 2021 to reach their lowest level in decades, and...
Persistent link: https://www.econbiz.de/10013169194
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Islamic Republic of Afghanistan : staff-monitored program ; press release, and staff report
Mazarei, Adnan (contributor) - 2015
Persistent link: https://www.econbiz.de/10011378259
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The Influence of Actual and Unrequited Interventions
Dominguez, Kathryn M.E. - 2007
Intervention operations are used by governments to manage their exchange rates but officials rarely confirm their presence in the market, leading inevitably to erroneous reports in the financial press. There are also reports of what we term, unrequited interventions, interventions that the...
Persistent link: https://www.econbiz.de/10012465703
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Monetary and Fiscal Policy in a Liquidity Trap : The Japanese Experience 1999-2004
Iwamara, Mitsuru - 2005
-2004. First, we find that the Bank of Japan's policy commitment to continuing monetary easing until some prespecified conditions … sloping, indicating that the Bank of Japan's commitment failed to have su.cient influence on the market's expectations about … escape from the liquidity trap …
Persistent link: https://www.econbiz.de/10012467534