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The effects of taxation on the general price level have traditionally been regarded as reflecting monetary policy, rather than fiscal factors. This view abstracted from the possible endogeneity of monetary expansion with respect to tax hikes, and from the effects which taxation may have on the...
Persistent link: https://www.econbiz.de/10005825768
This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and...
Persistent link: https://www.econbiz.de/10011243309
international interest rates to combat global inflation, and high levels of debt in both the private and public sector. Beyond …
Persistent link: https://www.econbiz.de/10012700806
Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. Separate chapters present …
Persistent link: https://www.econbiz.de/10004964275
After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth...
Persistent link: https://www.econbiz.de/10008547915
in Turkey, about average in the Central European NMS and lower in the SEE countries and the Baltics. Growth is currently … - is suppressing consumer demand almost everywhere (except in the CIS and Turkey). Medium-term challenges The recent surge … policy rests supports deflationary/stagnation tendencies in low-inflation/low-growth countries and bolsters booms/inflation …
Persistent link: https://www.econbiz.de/10008455838
This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 … stance given the upside risks to inflation. …
Persistent link: https://www.econbiz.de/10011243576
Persistent link: https://www.econbiz.de/10004168108
Persistent link: https://www.econbiz.de/10004121535
Persistent link: https://www.econbiz.de/10004103565