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We analyse the implications of public debt on economic growth and inflation in a group of 52 African economies between … average rates of real and per capita growth are achieved when public debt reaches 60% of the real GDP and an average inflation … reduced rates of economic growth and rising levels of inflation. Our results for three specific geographical areas resemble …
Persistent link: https://www.econbiz.de/10011113117
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
exhibiting signs of overheating, with imbalances evident in inflation, the current account, and external debt. GDP grew at an …
Persistent link: https://www.econbiz.de/10005825269
inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …
Persistent link: https://www.econbiz.de/10011242465
Israel was mildly affected by the global recession: following a slowdown in 2009, output is projected to grow by some 4 percent in 2010, led by consumption and exports. Robust fundamentals—including sustained pre-crisis fiscal consolidation—and a swift monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10011242572
rapid productivity growth have produced strong wage increases and large employment gains. Inflation, while moderate for a …
Persistent link: https://www.econbiz.de/10011242607
This Article IV Consultation reports that macroeconomic developments in Guatemala have been broadly positive since 2010. Although the external current account deficit widened in 2011, the surplus in the capital account was larger, partly owing to banks’ increased access to foreign credit...
Persistent link: https://www.econbiz.de/10011242618
-way flexibility of the exchange rate is needed to support the monetary policy response to inflation and help alleviate capital inflow …
Persistent link: https://www.econbiz.de/10011242659
This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand …-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the … upper limit of the program’s consultation band around the official inflation target range. The end-March structural …
Persistent link: https://www.econbiz.de/10011242671
. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …
Persistent link: https://www.econbiz.de/10011242869