Search Results - subject:"MACROECONOMIC STABILIZATION"

Eser, Fabian; Leith, Campbell; Wren-Lewis, Simon - Department of Economics, Adam Smith Business School - 2009

, not to provide any additional macroeconomic stabilization. However, unlike government spending variations in tax rates can … additional macroeconomic stabilization. However, unlike government spending variations in tax rates can play a complementary role …, Macroeconomic Stabilization, Dynamic General Equilibrium, Sticky Prices, Sticky wages, Rule-of-Thumb Behaviour, Debt …

Persistent link: https://www.econbiz.de/10005012846

Credit Growth in Sub-Saharan Africa; Sources, Risks, and Policy Responses

Khamis, May Y.; Iossifov, Plamen - International Monetary Fund (IMF) - 2009

In this paper, we analyze credit growth in Sub-Saharan Africa over the past decade focusing on the post-2002 rapid credit growth in select countries. We develop regression models of the fundamental determinants of bank credit and use them to examine whether they can fully explain developments in...

Persistent link: https://www.econbiz.de/10008528619

A new measure of fiscal shocks based on budget forecasts and its implications

Pereira, Manuel C - Volkswirtschaftliche Fakultät, … - 2009

This paper develops a new measure of US fiscal policy shocks that intends to avoid the anticipation problem affecting conventional measures, being also arguably free from endogeneity. The shocks are intended to capture changes to the component of anticipated fiscal policy that is exogenous to...

Persistent link: https://www.econbiz.de/10008528741

Economic Governance in an Asymmetric Monetary Union: A Fiscal Policy Game Analysis

Oros, Cornel - In: European Research Studies Journal XII (2009) 3, pp. 39-60

neither of the fiscal configurations succeeds in optimizing the macroeconomic stabilization of both the demand and supply … relative effectiveness of two fiscal policy games, i.e. Nash equilibrium and fiscal coordination in terms of macroeconomic … stabilization. We will use a static Keynesian model within a closed Monetary Union and prove that the stabilization effectiveness …

Persistent link: https://www.econbiz.de/10008515060

Iceland; Staff Report for First Review under Stand-By Arrangement and Requests for Extension of the Arrangement, Waivers of Nonobservance of Performance Criteria, and Rephasing of Access

International Monetary Fund (IMF); International … - 2009

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Iceland. Post-crisis dynamics has followed the expected pattern: a sharp drop in GDP, rapid decline in inflation, shift of the current account to balance, and gradual stabilization of currency and financial...

Persistent link: https://www.econbiz.de/10011242763

Haiti; Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion, Modification of Performance Criteria, and Extension of the Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Haiti.

International Monetary Fund (IMF); International … - 2009

This paper discusses key findings of the Fifth Review for Haiti under the Poverty Reduction and Growth Facility. The program seeks to protect critical spending for infrastructure rehabilitation and poverty reduction strategy paper implementation in light of significant revenue shortfalls, thus...

Persistent link: https://www.econbiz.de/10011243299

Stabilization Policies in Bulgaria and Yugoslavia During Communism's Terminal Years : 1980s Economic Visions in Retrospect

Avramov, Roumen; Gnjatovic, Dragana - Bank of Greece - 2008

We adopt a comparative view of the stabilization policies designed and implemented in Bulgaria and Yugoslavia during the fatal economic crises of their regimes in late 1980s. The role of the IMF can be better highlighted by comparing “with (Yugoslavia)-without (Bulgaria)” scenarios in a...

Persistent link: https://www.econbiz.de/10005523515

Labour Market Asymmetries and Shock Absorption in a Monetary Union: Are Government Coalitions Effective?

Oros, Cornel - In: Panoeconomicus 55 (2008) 3, pp. 325-352

effects in terms of macroeconomic stabilization of the different degrees of fiscal coordination between governments. We use a …

Persistent link: https://www.econbiz.de/10008554189

Haiti; Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Banking Supervision

International Monetary Fund (IMF); International … - 2008

Haitiâ€™s financial system plays a limited role in supporting economic growth. The Financial Sector Assessment Program (FSAP) team assessed that financial sector data are generally adequate, although the unavailability of some statistics has weakened the analysis. Stress tests suggest that...

Persistent link: https://www.econbiz.de/10011242724

Haiti; Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria: Staff Report; Staff Statement on the Executive Board Discussion; and Statement

International Monetary Fund (IMF); International … - 2008

The macroeconomic goals of the first program year were largely met, although growth accelerated somewhat less than expected. Objectives for the second program year (FY2008) are to create conditions for higher growth and consolidate stabilization gains achieved so far. Monetary policy will focus...

Persistent link: https://www.econbiz.de/10011245829