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Does low inflation pose a risk to economic growth and central banks reputation?
Dąbrowski, Marek - 2020
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
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U.S. Fiscal Policies and Priorities for Long-Run Sustainability
Mühleisen, Martin; Towe, Christopher M. - International Monetary Fund (IMF) - 2004
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
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The Case for Global Fiscal Stimulus
Lee, Jaewoo; Laxton, Douglas; Kumhof, Michael; … - International Monetary Fund (IMF) - 2009
Persistent link: https://www.econbiz.de/10010790469
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Central Bank Independence, Inflation and Growth in Transition Economics
Loungani, Prakash; Sheets, Nathan - 1997
bank independence (CBI) is correlated with lower inflation rates. This CBI-inflation correlation is not well explained by … inflation and subsequent real GDP growth. Inflation's adverse effect on investment appears to be one significant channel through … which the relationship between inflation and growth arises …
Persistent link: https://www.econbiz.de/10014088421
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Kiribati; 2011 Article IV Consultation-Staff Report, Informational Annexes, Debt Sustainability Analysis, Public Information Notice on the Executive Board Discussion, and Statement...
International Monetary Fund (IMF); International … - 2011
The staff report highlights that the economy of Kiribati showed resilience from the global crisis owing to infrastructure projects financed by foreign assistance. Executive Directors stressed the importance of preserving real per capita value of the Revenue Equalization Reserve Fund to ensure...
Persistent link: https://www.econbiz.de/10011244445
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Ghana; Ex Post Assessment of Longer-Term Program Engagement
International Monetary Fund (IMF); International … - 2007
This Ex-Post Assessment of Longer-Term Program Engagement for Ghana explains its experience with particular attention to the IMF's role. Progress in structural reform was slow, but Ghana also avoided mistakes made by some countries that introduced reforms without enough public support....
Persistent link: https://www.econbiz.de/10011244785
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Italy; 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Staff Statement; Statement by the Executive Director for Italy
International Monetary Fund (IMF); International … - 2010
The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings, low private indebtedness, and a resilient financial system. Executive Directors decided that the public sector wage bill should remain a key element of the consolidation...
Persistent link: https://www.econbiz.de/10011244911
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Kingdom of the Netherlands; Netherlands Antilles: 2005 Article IV Consultation — Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2006
This 2005 Article IV Consultation for the Netherlands Antilles’ reports that economic growth has been feeble so far in this decade, in the midst of economic policy drift. Growth has been constrained by still inflexible labor markets, widespread state ownership and interference in...
Persistent link: https://www.econbiz.de/10011245425
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Republic of Serbia; Fifth Review Under the Stand-By Arrangement, Request for Modification of End-September Performance Criterion, and Financing Assurances Review
International Monetary Fund (IMF); International … - 2010
The fifth review of Serbia’s economic performance under the program supported by a Stand-By Arrangement (SBA) is discussed. It helps in addressing the spillovers from the global financial crisis while establishing a moderate economic recovery. An accelerated pace of structural reforms...
Persistent link: https://www.econbiz.de/10011245843
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Deficit Limits, Budget Rules and Fiscal Policy
Manasse, Paolo - International Monetary Fund (IMF) - 2005
The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies when the economy is in intermediate states, and countercyclical policies only in very...
Persistent link: https://www.econbiz.de/10005263724