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moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities …, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for …
Persistent link: https://www.econbiz.de/10010790444
inflation. Unlike in the case of fuel-producing countries, the East African Community countries are major agricultural producers …
Persistent link: https://www.econbiz.de/10010790455
This Background Paper on Vanuatu reviews the development of monetary control instruments in five small island economies in the South Pacific (Fiji, Solomon Islands, Tonga, Vanuatu, and Western Samoa) and draws some lessons from their experience. The paper highlights that, except Solomon Islands...
Persistent link: https://www.econbiz.de/10005590970
This 2004 Article IV Consultation highlights that the Czech Republic’s GDP expanded by 3.1 percent in 2003 and the first quarter of 2004, mainly supported by household consumption. Investment was also strong in 2003—driven by spending on public infrastructure—and swelled in...
Persistent link: https://www.econbiz.de/10005590972
-over-year inflation declined from 7.2 percent at end-2002 to 3.5 percent in March 2004. IMF staff analysis suggests that the widening of …
Persistent link: https://www.econbiz.de/10005591002
This 2005 Article IV Consultation highlights that Hungary’s economy achieved valuable gains in 2004 with GDP growth recovering to 4 percent. The growth was supported by strong investment and robust export growth. Consumption slowed in response to rising unemployment, a moderation in wage...
Persistent link: https://www.econbiz.de/10005591022
This paper provides model-based projections of inflation, and quantifies the impact of the factors that determine … inflation. The reasons behind the poor labor market performance in Greece and the remedial policies are discussed. The new …
Persistent link: https://www.econbiz.de/10005591040
This 2005 Article IV Consultation highlights that Slovenia’s real GDP growth accelerated to 4½ percent in 2004 driven by a large positive swing in the contribution of net foreign demand, while domestic demand growth maintained momentum. Private consumption strengthened, though to a...
Persistent link: https://www.econbiz.de/10005591054
Since end-2001, the Government of Afghanistan (GoA) has focused on crisis management, establishing or rebuilding fundamental institutions and basic government services, and maintaining economic stability with the help of the international community. The authorities have made significant strides...
Persistent link: https://www.econbiz.de/10005591066
This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union …, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different … of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper …
Persistent link: https://www.econbiz.de/10005591070