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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …
Persistent link: https://www.econbiz.de/10011245903
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Fiscal Policy in Pakistan Since 1970
International Monetary Fund (IMF); International … - 1992
the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …
Persistent link: https://www.econbiz.de/10005248177
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Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt
Cosimano, Thomas F.; Gapen, Michael T. - International Monetary Fund (IMF) - 2003
This paper highlights the importance of debt composition in setting optimal fiscal and monetary policy over short-run business cycles and in the long run. Nominal debt as state-contingent debt can be a significant policy tool to reduce the volatility of distortionary government policy, thereby...
Persistent link: https://www.econbiz.de/10005263667
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Jointly Optimal Monetary and Fiscal Policy Rules Under Borrowing Constraints
Kumhof, Michael; Bi, Huixin - International Monetary Fund (IMF) - 2009
a very low coefficient on inflation, which minimizes real wage volatility. The welfare gains of optimizing the fiscal …
Persistent link: https://www.econbiz.de/10008561090
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Union Power and Australia’s inflation Barrier, 1965:4 to 2004:3
McDonald, Ian; Lye, Jenny - In: Australian Journal of Labour Economics (AJLE) 9 (2006) 3, pp. 287-304
, shifted the inflation barrier to higher rates of unemployment in the 1970s. Subsequently, the decrease in trade union power … has reversed this shift such that at the end of the period, in 2003:3, the inflation barrier is at a rate of unemployment …
Persistent link: https://www.econbiz.de/10008565267
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Ireland; 2004 Article IV Consultation—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 4½ 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
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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 2002–03 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
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Taxes and the Price Level; A Further Examination of the PPP Hypothesis
Kleiman, Ephraim - International Monetary Fund (IMF) - 1993
The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the...
Persistent link: https://www.econbiz.de/10005825768
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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