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In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...
Persistent link: https://www.econbiz.de/10005826151
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries … of inflation variability, as predicted by the fiscal theory of the price level. …
Persistent link: https://www.econbiz.de/10005769262
The paper analyzes the interplay between public debt and monetary management during financial reforms, and provides suggestions on collaboration between the central bank and the treasury to achieve common objectives. It discusses monetary policy and public debt at the onset and through different...
Persistent link: https://www.econbiz.de/10005826325
This paper discusses key findings of the Fifth and Sixth Reviews Under the Stand-By Arrangement (SBA) for Uruguay. Monetary and fiscal policies have been implemented as envisaged in the program. All quantitative performance criteria were met through end-September, except for the ceiling on...
Persistent link: https://www.econbiz.de/10011245369
Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of …
Persistent link: https://www.econbiz.de/10011245154
This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and...
Persistent link: https://www.econbiz.de/10011245877
inflation down to low single digits, the authorities plan to recapitalize the central bank and move gradually to a more flexible …
Persistent link: https://www.econbiz.de/10011243244
. First, it explores the interest rate-inflation relationship in economies with different levels of external and domestic … public debt using panel- and crosssection data. The results show that interest rate-inflation elasticity weakens with debt …
Persistent link: https://www.econbiz.de/10005599483
This paper discusses key findings of the Sixth and Final Review Under the Stand-By Arrangement for Paraguay. The program remains broadly on track. All performance criteria for end-March 2008 were met, and those for end-June 2008 are expected to have been observed. With one exception, all...
Persistent link: https://www.econbiz.de/10011244416