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Burundi; Second Review Under the Extended Credit Facilityâ€”Staff Report; Staff Supplement; Press Release on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2013

The Burundian economy faced several adverse shocks. The government responded by allowing greater exchange rate flexibility and by tightening its monetary policy. The fiscal stance was in line with the program, and program implementation has been broadly satisfactory despite difficult...

Persistent link: https://www.econbiz.de/10011243393

Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten

Reinhart, Carmen; Rogoff, Kenneth - International Monetary Fund (IMF) - 2013

Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is...

Persistent link: https://www.econbiz.de/10010790367

Republic of Estonia; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...

Persistent link: https://www.econbiz.de/10011245026

Rwanda: First Review Under the Policy Support Instrument-Staff Report; and Press Release

International Monetary Fund (IMF); International … - 2014

foreign exchange reserves over the past few years to support the economy, the room for maneuver is more limited and it will be … support growth and preserve the level of foreign reserves requires a cautious fiscal stance while maintaining priority …

Persistent link: https://www.econbiz.de/10011242980

Euro Area Policies: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director

International Monetary Fund (IMF); International … - 2014

supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made … the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the … medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to …

Persistent link: https://www.econbiz.de/10011243699

How to starve the beast: fiscal and monetary policy rules

Martin, Fernando M. - 2019

Societies often rely on simple rules to restrict the size and behavior of governments. When fiscal and monetary policies are conducted by a discretionary and profligate government, I find that revenue ceilings vastly outperform debt, deficit and monetary rules, both in effectiveness at curbing...

Persistent link: https://www.econbiz.de/10012137093