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New Zealand; 2005 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2005

This 2005 Article IV Consultation highlights that New Zealandâ€™s GDP growth was particularly strong in 2004, at 4.8 percent, led by a surge in domestic demand. Private consumption grew by 6 percent, reflecting high employment growth, strong commodity prices, and household borrowing against...

Persistent link: https://www.econbiz.de/10005598896

Czech Republic; 2003 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director fo...

International Monetary Fund (IMF); International … - 2004

positive, although downside risks are significant The outlook for low underlying inflation leaves scope for monetary policy to …

Persistent link: https://www.econbiz.de/10005598966

South Africa; 2003 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

This 2003 Article IV Consultation highlights that the South African economy performed well in 2002, notwithstanding difficult global economic conditions. Supported by sound macroeconomic management and a highly competitive exchange rate, real GDP growth rose to 3.0 percent in 2002 from 2.8...

Persistent link: https://www.econbiz.de/10005248115

Fiscal Policy in Pakistan Since 1970

International Monetary Fund (IMF); International … - 1992

the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …

Persistent link: https://www.econbiz.de/10005248177

Russian Federation; 2004 Article IV Consultationâ€”Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2004

This report on the Russian Federationâ€™s Article IV Consultation highlights Data Module and response by the authorities. Russiaâ€™s statistical system has made good progress in adopting international statistical methodologies in response to the need to capture in the statistics the...

Persistent link: https://www.econbiz.de/10005252619

Israel; 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel

International Monetary Fund (IMF); International … - 2003

This 2002 Article IV Consultation highlights that the Israeli economy is in the midst of a deep recession. Waning exports and investment, combined with stagnant private consumption, led to negative growth in 2001 and 2002. The stagnation can be attributed to the burst of the technology bubble,...

Persistent link: https://www.econbiz.de/10005252735

South Africa; Selected Issues

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The … inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks … leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy. …

Persistent link: https://www.econbiz.de/10005252771

Republic of Estonia; 2005 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Republic o...

International Monetary Fund (IMF); International … - 2005

convergence; meeting all of the Maastricht criteria, save for inflation. Estoniaâ€™s banking system remains financially sound …

Persistent link: https://www.econbiz.de/10005252951

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

Cosimano, Thomas F.; Gapen, Michael T. - International Monetary Fund (IMF) - 2003

This paper highlights the importance of debt composition in setting optimal fiscal and monetary policy over short-run business cycles and in the long run. Nominal debt as state-contingent debt can be a significant policy tool to reduce the volatility of distortionary government policy, thereby...

Persistent link: https://www.econbiz.de/10005263667

Public Debt, Money Supply, and Inflation; A Cross-Country Study and its Application to Jamaica

Kwon, Goohoon; McFarlane, Lavern; Robinson, Wayne - International Monetary Fund (IMF) - 2006

predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation. …

Persistent link: https://www.econbiz.de/10005263906