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Author: Nina Budina
Publisher: World Bank Publications
Published: 2000
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKFiscal problems are a key factor behind the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? A simple framework links debt, the deficit, and inflation to assess the fiscal stance of the Romanian economy.
Author: Nina Budina
Publisher:
Published: 2000
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKFiscal problems are a key factor behind the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? A simple framework links debt, the deficit, and inflation to assess the fiscal stance of the Romanian economy.
Author: David E. Altig
Publisher: Cambridge University Press
Published: 2009-07-31
Total Pages: 352
ISBN-13: 0521848504
DOWNLOAD EBOOKThe essays in this volume investigate the challenges of transitioning to lower levels of inflation and conducting monetary policy in low-inflation economies. The essays make both theoretical and empirical contributions.
Author: Paul Ely Beckerman
Publisher: World Bank Publications
Published: 2000
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKA spreadsheet planning model to help determine the government deficit consistent with a specified vector of country macroeconomic objectives.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2015-10-23
Total Pages: 74
ISBN-13: 1498344062
DOWNLOAD EBOOKOver the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
Published: 2017-12-29
Total Pages: 83
ISBN-13: 1484335740
DOWNLOAD EBOOKThis 2017 Article IV Consultation highlights that Argentina’s government has made important progress in restoring integrity and transparency in public sector operations. These policy changes have put the economy on a stronger footing and corrected many of the most urgent macroeconomic imbalances. Private consumption strengthened in 2017, supported by greater real wages and buoyant credit growth. With stronger domestic demand, the trade surplus turned into a deficit and the current account deficit increased. Annual inflation has declined from its peak in 2016, but remained relatively resilient and inflation expectations moved up, prompting the central bank to raise interest rates. Going forward, GDP growth is expected to consolidate, inflation inertia will slowly subside, and the fiscal deficit will gradually fall.
Author: Maria Soledad Martinez Peria
Publisher: World Bank Publications
Published: 2000
Total Pages: 86
ISBN-13:
DOWNLOAD EBOOKPolicymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.
Author: Mitchell Alexander Orenstein
Publisher: World Bank Publications
Published: 2000
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOKDuring reform's three phases (commitment-building, coalition building, and implementation) there are tradeoffs among inclusiveness (of process), radicalism (of reform), and participation in, and compliance with the new system. Including more and more various veto and proposal actors, early in the deliberative process, may increase buy-in and compliance when pension reform is implemented but at the expense of faster and greater change.
Author: Klaus W. Deininger
Publisher: World Bank Publications
Published: 2000
Total Pages: 28
ISBN-13:
DOWNLOAD EBOOKPolicies to foster accumulation of the assets needed for agricultural production (including draft animals and implements) and to provide complementary public goods (education, credit, and good agricultural extension services)could greatly help reduce poverty and improve productivity in Zambia.
Author: Roberto Chang
Publisher: World Bank Publications
Published: 2000
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKWhat can the international community do to prevent financial contagion?
