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challenges for policymakers: (i) to prevent capital flows from exacerbating overheating pressures and consequent inflation, and …," which calls for a rather aggressive monetary policy reaction to inflation, introducing macroprudential measures is found to …
Persistent link: https://www.econbiz.de/10009293772
This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening...
Persistent link: https://www.econbiz.de/10005825350
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10005014711
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation … macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show …
Persistent link: https://www.econbiz.de/10005826652
this study is that, in inflation targeting emerging economies, such as that of Brazil, following a committed monetary … activity and the process of anchoring of inflation expectations affect the supply of credit in Brazil. Moreover, the paper … monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the …
Persistent link: https://www.econbiz.de/10010688400
expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This … approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers …Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its …
Persistent link: https://www.econbiz.de/10011123875
The 2007 Article IV Consultation reports on Ghana’s recent economic and policy development. Public Financial Management (PFM) has been strengthened through improvements in fiscal reporting and deployment of the new computerized payroll management system. Executive Directors commended the...
Persistent link: https://www.econbiz.de/10011244661
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …
Persistent link: https://www.econbiz.de/10005015150
sensitive to commodity (in particular foodgrain) prices. Hence, reducing consumer price inflation is likely to yield a rich …
Persistent link: https://www.econbiz.de/10008861942