Showing 1 - 10 of 9,401
The IMF has approved an exceptional access Stand-By Arrangement for Latvia. The program is part of a coordinated international effort that has improved financial and economic stability. By early 2008, the fast growth has leveled off but severe vulnerabilities turned the slowdown into a crisis....
Persistent link: https://www.econbiz.de/10011244780
to use Central Bank of Iraq reserves for fiscal purposes leading to depreciation pressures, and higher inflation …
Persistent link: https://www.econbiz.de/10011245800
We develop a tractable open-economy new-Keynesian model with two sectors to analyze the short-term effects of aid-financed fiscal expansions. We distinguish between spending the aid, which is under the control of the fiscal authorities, and absorbing the aid-using the aid to finance a higher...
Persistent link: https://www.econbiz.de/10008470400
deficit net of aid—delivering the same effects as those of a flexible regime but with a necessary increase in inflation …: they help reduce the real appreciation (and inflation under the peg), but at the expense of reducing private consumption …
Persistent link: https://www.econbiz.de/10011123835
The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in...
Persistent link: https://www.econbiz.de/10011244791
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10011142009
We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...
Persistent link: https://www.econbiz.de/10008560423
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission...
Persistent link: https://www.econbiz.de/10011123852
inflation climbed to 4.7 percent in March 2013. The external current account deficit is estimated to have widened to about 4 …
Persistent link: https://www.econbiz.de/10011244604
The Article IV Consultation discusses the IMF Executive Board’s assessment of economic developments and policies in Switzerland. With the exchange rate floor in place for more than one year, the Swiss economy has been relatively stable. Although overall export growth is weak, the external...
Persistent link: https://www.econbiz.de/10011245199