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This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
Several years of high inflation rates have negatively affected economic conditions in Angola. Macroeconomic …
Persistent link: https://www.econbiz.de/10005824891
inflation. The authorities need to take steps to encourage foreign direct investment, to make good on their plans for …
Persistent link: https://www.econbiz.de/10005824909
An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment is also discussed. A better understanding of the...
Persistent link: https://www.econbiz.de/10005824959
This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020
This 2003 Article IV Consultation highlights that the macroeconomic developments in the Russian Federation remained generally strong, with a third consecutive year of considerable GDP growth, fiscal surplus, and large current account surplus. The economy continues to benefit from the earlier...
Persistent link: https://www.econbiz.de/10005825217
impact of monetary and exchange rate policies on inflation, including the nature of the lags involved. It reviews …
Persistent link: https://www.econbiz.de/10005825354
This Selected Issues paper for Iceland reports that it faces a considerably less favorable inflation-output variability … of inflation breaching the tolerance band and help to lower the probability of such events occurring. To effectively … target inflation, central banks need to be forward looking, responding early to prospective demand pressures. Having housing …
Persistent link: https://www.econbiz.de/10005825421
This Selected Issues paper reviews Vietnam's inflation dynamics, trade regime, performance, and external …
Persistent link: https://www.econbiz.de/10005825537
This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …
Persistent link: https://www.econbiz.de/10005825599