Showing 1 - 10 of 21,514
Persistent link: https://www.econbiz.de/10005013171
This Selected Issues paper discusses the policy response by a sample of central banks to the ongoing oil and food price shocks in South Africa, drawing some lessons, which can help put in context developments in the country. The paper discusses first- and second-round effects of “supply...
Persistent link: https://www.econbiz.de/10011244349
This Selected Issues paper discusses Romania’s modeling monetary policy. A simple Forecasting and Policy Analysis System (FPAS) for Romania has been designed to help in the preparation of the IMF staff’s forecasts and policy assessments. A major advantage of this approach is that...
Persistent link: https://www.econbiz.de/10011245389
The Serbian economy has continued to grow strongly, but external imbalances have widened along with vulnerabilities. To contain domestic demand, fiscal surpluses are needed, until the benefits of structural reforms are reaped. Low inflation should be entrenched by adoption of inflation targeting...
Persistent link: https://www.econbiz.de/10011245676
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
preferences on exports, growth, and employment is assessed under two scenarios—a moderate and an extreme scenario. To quantify … unemployment to growth. The paper also analyzes the labor market institutions and low-skilled employment in Mauritius. …
Persistent link: https://www.econbiz.de/10005591697
The first section of this paper is an attempt to examine the interest rate channel of monetary policy transmission in Moldova and to estimate the strength and the speed of the interest rate pass-through. The next section provides a background on Moldovan financial markets, liquidity conditions,...
Persistent link: https://www.econbiz.de/10011243725
After more than two decades of inflation targeting in the world, it is important to evaluate if the adoption of this regime in a relevant developing country contributed to the creation of a better environment for the process of entrepreneurs' expectations formation. Brazil is part of an...
Persistent link: https://www.econbiz.de/10011271311
Employment creation has dropped off the direct agenda of most central banks. The so-called “global best practice …” approach to central banking has not focused on economic growth or employment generation but rather on keeping inflation in the … low single digits. However, the policy record shows that employment generation and economic growth are often not by …
Persistent link: https://www.econbiz.de/10005786860
policy to “inflation only” targeting and neglecting considerations about production (i.e. employment). The central banks … regarding stabilization of production and employment) is less encouraging, and far more providing a reason of discontent …
Persistent link: https://www.econbiz.de/10010969126