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This 2005 Article IV Consultation highlights that economic activity in the Eastern Caribbean Currency Union (ECCU) has accelerated since mid-2003 owing to an acceleration of activity in the tourism and construction sectors. Inflation has been stable and monetary aggregates have been expanding...
Persistent link: https://www.econbiz.de/10005591452
The continuing weakness of activity in the euro area reflects an amalgam of cyclical and long-term forces that are likely to shape the outlook and to challenge policies. Financial conditions in the area have improved along with those in global markets, though financial fragilities may be...
Persistent link: https://www.econbiz.de/10005598793
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are falling well short of consolidation requirements, and the area remains insufficiently prepared for the looming demographic shock. Past fiscal policy failures, notably...
Persistent link: https://www.econbiz.de/10005599011
This 2004 Article IV Consultation highlights that Namibia’s real GDP growth accelerated to an estimated 4¼ percent in 2004, after averaging about 3 percent during the preceding five years. Growth benefited from declining interest rates, as the Bank of Namibia took advantage of...
Persistent link: https://www.econbiz.de/10005599084
The staff report for the 2005 Article IV Consultation on Botswana highlights key issues, recent developments, and policy discussions. The authorities are strengthening their structural reform agenda and moving ahead with sector-specific development programs with a view to sustaining annual...
Persistent link: https://www.econbiz.de/10005599088
In the Doha Round, negotiators are discussing the elimination or continuation of the special agricultural safeguards introduced by the Uruguay Round as well as the creation of special safeguard mechanism for use by developing countries. This paper argues that, in violation of the spirit of the...
Persistent link: https://www.econbiz.de/10005599480
This study examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90. An incremental output-capital ratio is the measure of economic efficiency, while the policy variables include: export...
Persistent link: https://www.econbiz.de/10005599766
taxation of imports has changed. This paper quantifies how the reform changes the protection against imports and the fiscal … revenues from taxation of imports. It shows that, even if the reform has only a limited impact on the average rate of … already high rate of taxation of imports, it will also boost revenue from taxes on imports and reduce the fiscal losses from …
Persistent link: https://www.econbiz.de/10005605281
Persistent link: https://www.econbiz.de/10005609505
Persistent link: https://www.econbiz.de/10005609572