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The Measurement of Central Bank Autonomy

The Measurement of Central Bank Autonomy »

Source: The Measurement of Central Bank Autonomy : Survey of Models, Indicators, and Empirical Evidence

Volume/Issue: 2006/227

Series: IMF Working Papers

Author(s): Bernard Laurens , Marco Arnone , and Jean-François Segalotto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864878

Keywords: political autonomy, economic autonomy, central bank, price stability, inflation performance,

This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issue...

Private Saving Accelerations1

Private Saving Accelerations1 »

Source: Private Saving Accelerations

Volume/Issue: 2014/223

Series: IMF Working Papers

Author(s): Christian Ebeke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 2014

ISBN: 9781498368490

Keywords: Private saving, accelerations, economic performance, saving, savings, volatility, investment, Macroeconomic Analyses of Economic Development,

Domestic private saving rates have been on a declining trend in many Emerging Markets (EMs), raising questions about countries' ability to generate sufficient domestic resources to finance investment. This paper ex...

Making Public Investment More Efficient

Making Public Investment More Efficient »

Source: Making Public Investment More Efficient

Volume/Issue: 2015/003

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2015

ISBN: 9781498344630

Keywords: Public sector investments, Public investments, Economic growth, Economic policy, Economic recovery, PPPs, public investment, PIM, investment performance, investment management

Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities, and can serve as an important catalyst for economic growth. After three decades of decline, pub...

Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund

Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund »

Source: Structural Reforms and Macroeconomic Performance - Initial Considerations for the Fund

Volume/Issue: 2015/065

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 October 2015

ISBN: 9781498344111

Keywords: Fiscal sector, Real sector, Economic conditions, Economic integration, Regional economics, country group, AMs, structural reform, macroeconomic performance, TFP

Structural policies have become a prominent feature of today's macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy...

Breaking the Impediments to Budgetary Reforms

Breaking the Impediments to Budgetary Reforms »

Source: Breaking the Impediments to Budgetary Reforms : Evidence from Europe

Volume/Issue: 2008/82

Series: IMF Working Papers

Author(s): Ashoka Mody , and Stefania Fabrizio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869439

Keywords: Budget institutions, government fragmentation, government ideology, economic shocks, fiscal institutions, budget process, fiscal performance,

Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower...

Beyond Macroeconomic Stability

Beyond Macroeconomic Stability »

Source: Beyond Macroeconomic Stability : The Quest for Industrialization in Uganda

Volume/Issue: 2008/231

Series: IMF Working Papers

Author(s): Abebe Aemro Selassie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870893

Keywords: Growth, Economic Policies, per capita income, export growth, export performance, real gdp,

Uganda has registered one of the most impressive economic turnarounds of recent decades. The amelioration of conflict and wide ranging economic reforms kick-started rapid economic growth that has now been sustained...

Fiscal Reaction Functions in the CFA Zone

Fiscal Reaction Functions in the CFA Zone »

Source: Fiscal Reaction Functions in the CFA Zone : An Analytical Perspective

Volume/Issue: 2007/232

Series: IMF Working Papers

Author(s): Oral Williams , and Olumuyiwa Adedeji

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2007

ISBN: 9781451867961

Keywords: CFA Zone, Convergence, Economic Model, debt, fiscal balance, fiscal performance, public debt,

The stance of fiscal policy in CEMAC and WAEMU is strongly influenced by fiscal effort in the previous period. This persistence underscores the risks of a procyclical fiscal policy stance, given these countries' hi...

Post-Conflict Recovery

Post-Conflict Recovery »

Source: Post-Conflict Recovery : Institutions, Aid, or Luck?

Volume/Issue: 2011/149

Series: IMF Working Papers

Author(s): Antonio David , Fabiano Rodrigues Bastos , and Marshall Mills

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455269471

Keywords: conflict, post-conflict, economic performance, conflict episodes, statistically significant, Economic Development: General, Macroeconomic Analyses of Economic Development, Economywide Country Studies: Africa,

This paper identifies the factors linked to cross-country differentials in growth performance in the aftermath of social conflict for 30 sub-Saharan African countries using panel data techniques. Our results show t...

Review of the 2002 Conditionality Guidelines - Selected Issues

Review of the 2002 Conditionality Guidelines - Selected Issues »

Source: Review of the 2002 Conditionality Guidelines - Selected Issues

Volume/Issue: 2005/029

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 April 2005

ISBN: 9781498331739

Keywords: Conditionality guidelines, Fund-supported adjustment programs, Selected issues, Fiscal sector, Economic conditions, Financial crises, Economic policy, Economic stabilization, prior action, conditionality

...

Institutional Transformations, Polity and Economic Outcomes

Institutional Transformations, Polity and Economic Outcomes »

Source: Institutional Transformations, Polity and Economic Outcomes : Testing the North-Wallis-Weingast Doorsteps Framework

Volume/Issue: 2012/87

Series: IMF Working Papers

Author(s): Marc Quintyn , and Sophia Gollwitzer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502510

Keywords: institutions, economic performance, political performance, transition, income inequality, political system, political control, political variables, political institutions, General Aggregative Models: Other

This paper tests the theoretical framework developed by North, Wallis and Weingast (2009) on the transition from closed to open access societies. They posit that societies need to go through three doorsteps: (i) th...