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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
The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...
Persistent link: https://www.econbiz.de/10011244180
in activity alongside high inflation. Executive Directors have welcomed the commitment made in the 2008 budget to tighten …
Persistent link: https://www.econbiz.de/10011244220
Indonesia’s external borrowing spreads increased by more than 1000 bps from mid-2007 to late 2008, before subsiding in recent months. The large increase in spreads prompted questions about whether the spreads adequately reflect the improvements in fundamentals made over the past few...
Persistent link: https://www.econbiz.de/10011244396
owing to a longer-than-expected consultation process. The gains in lowering inflation should be consolidated, including … through the adoption of an inflation targeting framework to bolster policy credibility. IMF support helped to maintain …
Persistent link: https://www.econbiz.de/10011244446
This paper discusses key findings of the Sixth Review for Uganda Under the Policy Support Instrument. Structural rigidities continue to pose challenges to macroeconomic management in Uganda. Persistent weaknesses in project implementation coupled with rigidities in domestic financial markets...
Persistent link: https://www.econbiz.de/10011244497
Timor-Leste has made substantial progress toward restoring stability and rebuilding the country after emerging from a long struggle for independence and internal conflicts between 1999 and 2006. The government has launched its Strategic Development Plan to step up development. A well-managed...
Persistent link: https://www.econbiz.de/10011244672
policy is accommodative, given the currently benign inflation outlook, but continued vigilance against future inflationary …
Persistent link: https://www.econbiz.de/10011244678
A strong policy framework and improved income distribution and social outcomes have been important accomplishments in Brazil. The 2012 Article IV Consultation highlights that financial stability in Brazil has been underpinned by a strong banking system and framework for regulation and...
Persistent link: https://www.econbiz.de/10011244712
remains vulnerable to changes in regional liquidity and demand. Increased inflation could worsen the fiscal outlook. In view …
Persistent link: https://www.econbiz.de/10011244784