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This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost...
Persistent link: https://www.econbiz.de/10011243930
1994 wuchs das ungarische Bruttoinlandsprodukt zum ersten Mal seit 1987. Gleichzeitig erreichten aber das Haushaltsdefizit und das Leistungsbilanzdefizit Größenordnungen, die die außenwirtschaftliche, die fiskalische und die monetäre Sphäre mit unkontrollierbaren Folgen bedrohen und nach...
Persistent link: https://www.econbiz.de/10005013353
Beschleunigung der Inflation gerechnet. Als Hauptprobleme der Wirtschaft wurden weiterhin Budgetdefizite und Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10005056285
This article considers factors and conditions slowing growth of the Russian economy. Its recovery growth after the crisis of 2008—2009 is over. The limit of rapid growth through the export of raw materials has now been reached. Reducing flows of financial resources from the rest of the world...
Persistent link: https://www.econbiz.de/10011007795
with a lower inflation rate which conflicts with the need to maintain liquidity in a repressed economy. By examining the … inflation-growth relationship, this study examines whether there is any room for inflating the economy. This would ease the … stalled by prematurely tightening monetary policy. The study finds a two-way relationship between inflation and growth; but …
Persistent link: https://www.econbiz.de/10011213185
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
This selected issues paper on Sudan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 7, 2012. The views expressed...
Persistent link: https://www.econbiz.de/10011244203
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
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341
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