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Experience with Large Fiscal Adjustments

Horton, Mark A.; Tsibouris, George C.; Maliszewski, Wojciech - International Monetary Fund (IMF) - 2006

When policymakers have little option but to consider a sizable fiscal adjustment, they are confronted by the following questions: Can a large fiscal adjustment be implemented succesfully? How is a large adjustment best designed and implemented? What will be its impact on the economy? This...

Persistent link: https://www.econbiz.de/10005590858

The Dominican Republic; Stabilization, Structural Reform, and Economic Growth

Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002

Persistent link: https://www.econbiz.de/10005590873

Ireland; 2003 Article IV Consultation-Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion for Ireland

International Monetary Fund (IMF); International … - 2003

Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household...

Persistent link: https://www.econbiz.de/10005591395

Norway; 2002 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2003

This 2002 Article IV Consultation for Norway highlights that the mainland GDP growth edged up to an estimated 1.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports slackened, as a result of weak external demand, high real...

Persistent link: https://www.econbiz.de/10005591620

Sweden; 2003 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

International Monetary Fund (IMF); International … - 2003

The Swedish economy recovered from the crisis, assisted by a sizable fiscal stimulus. Executive Directors commended the fiscal and monetary frameworks, skillful and proactive management of monetary policy of the Riksbank, the soundness of the financial system, and stressed the need to accelerate...

Persistent link: https://www.econbiz.de/10005591717

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Sweden; 2005 Article IV Consultation â€” Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

International Monetary Fund (IMF); International … - 2005

import prices contributed to reducing inflation, and creating room for aggressive monetary easing. Export growth has been led …

Persistent link: https://www.econbiz.de/10005599087

U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Mühleisen, Martin; Towe, Christopher M. - International Monetary Fund (IMF) - 2004

This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the governmentâ€™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

Ireland; 2004 Article IV Consultationâ€”Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ireland

International Monetary Fund (IMF); International … - 2004

3 percent. Recent indicators suggest that activity has continued to strengthen in 2004. During 2003, inflation … inflation. IMF staff projects that the economic recovery will gain momentum with GNP growth of 4Â½ percent in 2004, accelerating … slightly to 5 percent in 2005. Core inflation is forecast to stay close to 2 percent. …

Persistent link: https://www.econbiz.de/10005825386

Sweden; 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

International Monetary Fund (IMF); International … - 2004

This 2004 Article IV Consultation highlights that the downturn experienced by the Swedish economy in 2002â€“03 was relatively mild, with growth remaining well above the European Union average. Expansionary fiscal policy in 2002 underpinned private consumption. Private investment, however,...

Persistent link: https://www.econbiz.de/10005825539