-led inflation but still weak growth; second, the possibility of another surge in capital flows, especially if we turn out to be an … International Banking Seminar in Istanbul on organized on the occasion of the IMF-World Bank Annual Meetings 2009]. …

more weight on alternative indicators of inflation pressure such as wage settlements, trends in unit labour costs and a … wide range of indicators of inflation expectations. The recent fall in margins observed in some countries may, for instance … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …

resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …

foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt …, and the recent increase in inflation and rising levels of private sector external debt draw attention to Turkey … forte et stable, l'inflation a décru et le fardeau de la dette publique a été nettement allégé. Cependant, le déficit de la …

, Bank Rate and CRR kept unchanged. * GDP growth forecast at around 8.0 per cent during 2006-07. * Inflation to be contained …

Israel’s monetary policy framework is broadly sound. Inflation targeting was introduced in the early 1990s, and low … single-digit inflation was established by the end of the decade. However, fast transmission from the exchange rate to … inflation means the operational challenges differ somewhat from those in many OECD countries. Also, the Bank of Israel has been …

interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However … et d’une inflation faible, conjugués à une croissance durablement atone qui affaiblit la croissance potentielle via des …