. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below … unsustainable growth and externally viable but low growth. Monetary policy needs to bring inflation and inflation expectations …

This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery … the slowdown and later the weak pace of the recovery – errors made by many other forecasters. At the same time, inflation …

internal devaluation with productivity increasing measures, including capital deepening and laying off low productivity workers …

2011 and consumer price inflation rose to over 10%. The external deficit, which is far too large for comfort, is a source … of vulnerability. So is high inflation, even if it partly reflects transient factors. These imbalances signal … levers. Monetary policy has recently tried to reduce the volatility of capital flows but inflation has been high and volatile …

products when competition intensifies in their export destinations and that these dynamics lead to productivity gains at the …