Browse

You are looking at 1 - 100 of 391 items :

  • Venezuela, República Bolivariana de x
Clear All
Cluster Report

Cluster Report »

Source: Cluster Report : Trade Integration in Latin America and the Caribbean

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Cluster Report
			: Trade Integration in Latin America and the Caribbean

Cluster Report : Trade Integration in Latin America and the Caribbean »

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

DOI: http://dx.doi.org/10.5089/9781475586015.002

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Central Banking in Latin America

Central Banking in Latin America »

Source: Central Banking in Latin America : The Way Forward

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

Central Banking in Latin America
			: The Way Forward

Central Banking in Latin America : The Way Forward »

Volume/Issue: 2016/197

Series: IMF Working Papers

Author(s): Yan Carriere-Swallow , Luis I. Jacome H. , Nicolas Magud , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2016

DOI: http://dx.doi.org/10.5089/9781475543353.001

ISBN: 9781475543353

Keywords: Central Banking, Monetary Policy, Macroprudential Policy, Latin America.

Latin America's central banks have made substantial progress towards delivering an environment of price stability that is supportive of sustainable economic growth. We review these achievements, and discuss remaini...

Inflation and the Black Market Exchange Rate in a Repressed Market
			: A Model of Venezuela

Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela »

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

DOI: http://dx.doi.org/10.5089/9781475523201.001

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...

Inflation and the Black Market Exchange Rate in a Repressed Market

Inflation and the Black Market Exchange Rate in a Repressed Market »

Source: Inflation and the Black Market Exchange Rate in a Repressed Market : A Model of Venezuela

Volume/Issue: 2016/159

Series: IMF Working Papers

Author(s): Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 August 2016

ISBN: 9781475523201

Keywords: inflation; black market; exchange rate; Venezuela; foreign exchange rationing; scarcity; cash in advance constraint; oil revenue; fiscal dominance

This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in in...

1. Estados Unidos, Canadá y el mundo: Perspectivas, riesgos y políticas

1. Estados Unidos, Canadá y el mundo: Perspectivas, riesgos y políticas »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

El crecimiento mundial se mantiene moderado y desigual. Después de registrar un retroceso a principios de 2015, el ritmo de la actividad mundial repuntó, pero las perspectivas de crecimiento sig...

4. Integración comercial en América Latina y el Caribe: Entusiasmo, esperanza y realidad

4. Integración comercial en América Latina y el Caribe: Entusiasmo, esperanza y realidad »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

La región de América Latina y el Caribe (ALC) está menos abierta al comercio exterior que la mayoría de las otras regiones de mercados emergentes. En este capítulo se observa que en la mayoría d...

2. Perspectivas y desafíos de política económica para América Latina y el Caribe

2. Perspectivas y desafíos de política económica para América Latina y el Caribe »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

La actividad económica en América Latina y el Caribe (ALC) está atravesando una desaceleración prolongada, en tándem con una mayor debilidad de los fundamentos económicos subyacentes. Se proyect...

5. Promoción del desarrollo financiero en América Latina y el Caribe

5. Promoción del desarrollo financiero en América Latina y el Caribe »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

En los últimos años, muchos países de América Latina y el Caribe (ALC) hicieron grandes esfuerzos para desarrollar sus sistemas financieros. En este capítulo se analiza el estado actual del desa...

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental
			: Ajustando bajo presión

Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513540610.086

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

....

Back Matter

Back Matter »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

....

Front Matter

Front Matter »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

....

Resumen ejecutivo

Resumen ejecutivo »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

Después de registrar un retroceso a principios de 2015, el ritmo de la actividad mundial repuntó, pero las perspectivas de crecimiento siguen siendo moderadas, tanto a corto como a mediano plazo. La recupera...

3. Subir o no subir la tasa: ¿Puede elegir América Latina? Evaluando la autonomía de la política monetaria

3. Subir o no subir la tasa: ¿Puede elegir América Latina? Evaluando la autonomía de la política monetaria »

Source: Perspectivas económicas regionales, octubre de 2015: Departamento del Hemisferio Occidental : Ajustando bajo presión

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2015

Language: Spanish

ISBN: 9781513540610

Keywords: intereses, comercio, intercambio, tasa de interés, desarrollo financiero

Mientras América Latina experimenta una fuerte desaceleración económica, el fortalecimiento de la economía en Estados Unidos crea el marco para que la Reserva Federal continúe normalizando la or...

Distribución directa de los ingresos provenientes de recursos naturales

Distribución directa de los ingresos provenientes de recursos naturales »

Source: Distribución directa de los ingresos provenientes de recursos naturales : ¿vale la pena considerarla?

Volume/Issue: 2014/5

Series: Staff Discussion Notes

Author(s): Sanjeev Gupta , Alex Segura-Ubiergo , and Enrique Flores

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2015

Language: Spanish

ISBN: 9781513592626

Keywords: Recursos naturales, Ingreso, Distribución del ingreso, Política fiscal

Algunos académicos han sostenido que la distribución directa a la población de ingresos públicos provenientes de recursos naturales ayudaría a los países ricos en recursos naturales a escapar de la 'maldición de l...

Distribución directa de los ingresos provenientes de recursos naturales
			: ¿vale la pena considerarla?

Distribución directa de los ingresos provenientes de recursos naturales : ¿vale la pena considerarla? »

Volume/Issue: 2014/5

Series: Staff Discussion Notes

Author(s): Sanjeev Gupta , Alex Segura-Ubiergo , and Enrique Flores

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513592626.006

ISBN: 9781513592626

Keywords: Recursos naturales, Ingreso, Distribución del ingreso, Política fiscal

Algunos académicos han sostenido que la distribución directa a la población de ingresos públicos provenientes de recursos naturales ayudaría a los países ricos en recursos naturales a escapar de la 'maldición de l...

América Latina
			: Nuevos desafíos para el crecimiento y la estabilidad

América Latina : Nuevos desafíos para el crecimiento y la estabilidad »

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484318294.071

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En los últimos 15 años, los países de América Latina realizaron enormes avances en el fortalecimiento de sus economías y la mejora de las condiciones de vida. Si bien el producto cayó temporalmente durante la crisi...

Back Matter

Back Matter »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En los últimos 15 años, los países de América Latina realizaron enormes avances en el fortalecimiento de sus economías y la mejora de las condiciones de vida. Si bien el producto cayó temporalmente durante la crisi...

Front Matter

Front Matter »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En los últimos 15 años, los países de América Latina realizaron enormes avances en el fortalecimiento de sus economías y la mejora de las condiciones de vida. Si bien el producto cayó temporalmente durante la crisi...

Capítulo 1. América Latina: Enfrentando nuevos desafíos

Capítulo 1. América Latina: Enfrentando nuevos desafíos »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En los últimos 15 años los países de América Latina han registrado enormes avances en el fortalecimiento de sus economías y la mejora de las condiciones de vida. Una creciente y dinámica clase media ha surgi...

Capítulo 5. Booms de términos de intercambio: Patrones de ahorro-inversión y una nueva métrica de ingresos extraordinarios

Capítulo 5. Booms de términos de intercambio: Patrones de ahorro-inversión y una nueva métrica de ingresos extraordinarios »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Los países exportadores de productos básicos de todo el mundo se beneficiaron significativamente del boom de precios de las materias primas registrado en la última década, lo que le...

Capítulo 4. Ciclos de precios de las materias primas: Los peligros de desaprovechar la bonanza

Capítulo 4. Ciclos de precios de las materias primas: Los peligros de desaprovechar la bonanza »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Cos países exportadores de materias primas se han beneficiado mucho del auge de los precios de esos productos durante la última década. Sin embargo, en la actual coyuntura, la incertidumbre en torno a las pe...

Capítulo 6. Condiciones externas y sostenibilidad de la deuda en América Latina

Capítulo 6. Condiciones externas y sostenibilidad de la deuda en América Latina »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En la última década, y particularmente durante 2003–08 que culminó con la quiebra de Lehman Brothers, América Latina fortaleció de forma significativa sus principales fundamentos ma...

Capítulo 2. Crecimiento potencial en América Latina

Capítulo 2. Crecimiento potencial en América Latina »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Las condiciones externas sumamente favorables —interrumpidas solo temporalmente durante la crisis financiera mundial de 2008–09—, sumadas a políticas macroeconómicas prudentes, impulsaron el crecimiento del...

Capítulo 3. Después del boom: Los precios de las materias primas y el crecimiento económico en América Latina y el Caribe

Capítulo 3. Después del boom: Los precios de las materias primas y el crecimiento económico en América Latina y el Caribe »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Tras una década de crecimiento rápido y generalizado, los precios internacionales de las materias primas tocaron máximos a mediados de 2011 y desde entonces han experimentado cierto retroceso (gráfico 3.1)....

Capítulo 10. Efectos derrame en América Latina de la normalización de la política monetaria de Estados Unidos

Capítulo 10. Efectos derrame en América Latina de la normalización de la política monetaria de Estados Unidos »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Desde comienzos de 2014, la Reserva Federal de Estados Unidos comenzó a reducir la escala de sus compras de bonos. Si bien la orientación de la política de la Reserva Federal sigue siendo sumamente expansiva...

Capítulo 8. Enfrentando las oleadas mundiales: El impacto de los shocks financieros externos en las economías de mercados emergentes

Capítulo 8. Enfrentando las oleadas mundiales: El impacto de los shocks financieros externos en las economías de mercados emergentes »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Han pasado varios años desde que la quiebra de Lehman Brothers marcó el comienzo de una tormenta internacional que empujó a muchas economías avanzadas al borde de un colapso financiero. Los riesgos financier...

Capítulo 7. ¿Ha caído la prociclicidad de la política fiscal en América Latina?

Capítulo 7. ¿Ha caído la prociclicidad de la política fiscal en América Latina? »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

La política fiscal de América Latina ha sido históricamente procíclica. La amplia disponibilidad de recursos durante los períodos de expansión económica en un marco de grandes necesidades sociales y de infra...

Capítulo 11. Mercados de la vivienda en América Latina: ¿Deberíamos estar preocupados por posibles burbujas?

Capítulo 11. Mercados de la vivienda en América Latina: ¿Deberíamos estar preocupados por posibles burbujas? »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

Desde hace más de una década, las condiciones de financiamiento y unos términos de intercambio muy favorables han alimentado el crédito y la demanda interna en gran parte de América Latina. Este proceso solo...

Capítulo 9. Shocks financieros globales y flujos brutos de capital en América Latina

Capítulo 9. Shocks financieros globales y flujos brutos de capital en América Latina »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

En la última década, los mercados financieros internacionales han originado shocks de gran envergadura, que tuvieron amplias repercusiones en las economías de mercados emergentes (EME). La crisis desencadena...

5. Crecimiento a largo plazo en América Latina y el Caribe: El rol de la complejidad y la diversificación económica

5. Crecimiento a largo plazo en América Latina y el Caribe: El rol de la complejidad y la diversificación económica »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

La diversificación y la complejidad económica—en términos de la gama de productos que produce un país y del nivel de sofisticación de esos productos—son importantes para el crecimiento a largo p...

1. Estados Unidos, Canadá y el mundo: Perspectivas y desafíos de política

1. Estados Unidos, Canadá y el mundo: Perspectivas y desafíos de política »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

En un marco de perspectivas menos favorables, precios del petróleo más bajos y oscilaciones cambiarias, el crecimiento mundial continúa siendo modesto y desigual. El...

Introducción

Introducción »

Source: América Latina : Nuevos desafíos para el crecimiento y la estabilidad

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318294

Keywords: Economic growth, Macroprudential policies and financial stability, Latin America, Commodity trade, términos de intercambio, exportadores de materias primas, América Latina crecimiento, crecimiento económico, políticas macroprudenciales y estabilidad financiera, América Latina

El desempeño económico de América Latina en la primera década del siglo XXI fue notable. El producto real creció a un ritmo fuerte, la inflación fue baja y relativamente estable, la deuda pública se redujo c...

3. La caída de los precios de las materias primas: Consecuencias para las cuentas fiscales y externas de América Latina

3. La caída de los precios de las materias primas: Consecuencias para las cuentas fiscales y externas de América Latina »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

El impacto de la fuerte caída de los precios de las materias primas en las principales economías de América Latina tendrá importantes consecuencias para su posición...

4. La reciente debilidad de la inversión en América Latina: ¿Estamos frente a un enigma?

4. La reciente debilidad de la inversión en América Latina: ¿Estamos frente a un enigma? »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Tras haber alcanzado un nivel máximo alrededor de 2010–11, la inversión real se ha desacelerado en América Latina y el Caribe (ALC), en línea con lo acontecido en ot...

Perspectivas económicas, abril de 2015: Las Américas,
			: El Norte se recupera, el Sur aún espera

Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484318768.086

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Perspectivas económicas: Las Américas, abril de 2015...

Back Matter

Back Matter »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Perspectivas económicas: Las Américas, abril de 2015...

Front Matter

Front Matter »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

Perspectivas económicas: Las Américas, abril de 2015...

2. Perspectivas y desafíos de política económica para América Latina y el Caribe

2. Perspectivas y desafíos de política económica para América Latina y el Caribe »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

El crecimiento en América Latina y el Caribe se desaceleró y se ubicó en un 1,3 por ciento en 2014, y las proyecciones indican que será inferior al 1 por ciento en 2...

Resumen ejecutivo

Resumen ejecutivo »

Source: Perspectivas económicas, abril de 2015: Las Américas, : El Norte se recupera, el Sur aún espera

Series: Regional Economic Outlook

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2015

Language: Spanish

ISBN: 9781484318768

Keywords: América Latina; exportadores de materias primas; economías que dependen del turismo; América Central y la República Dominicana; economía finacieramente integradas

El crecimiento mundial continuó siendo modesto y desigual durante el pasado año—en un marco de nuevas revisiones a la baja de los pronósticos de crecimiento a mediano plazo y una fuerte caída del precio del...

Determinants of Firm Profitability in Colombia’s Manufacturing Sector

Determinants of Firm Profitability in Colombia’s Manufacturing Sector »

Source: Determinants of Firm Profitability in Colombia's Manufacturing Sector : Exchange Rate or Structural?

Volume/Issue: 2015/97

Series: IMF Working Papers

Author(s): Naomi Griffin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2015

ISBN: 9781484364222

Keywords: Real exchange rate, structural changes, exchange rate, imports, demand, real effective exchange rate, Firm Performance: Size, Diversification, and Scope, General,

The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia's manufacturing sector in recent years. This paper examines the ef...

Determinants of Firm Profitability in Colombia's Manufacturing Sector
			: Exchange Rate or Structural?

Determinants of Firm Profitability in Colombia's Manufacturing Sector : Exchange Rate or Structural? »

Volume/Issue: 2015/97

Series: IMF Working Papers

Author(s): Naomi Griffin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2015

DOI: http://dx.doi.org/10.5089/9781484364222.001

ISBN: 9781484364222

Keywords: Real exchange rate, structural changes, exchange rate, imports, demand, real effective exchange rate, Firm Performance: Size, Diversification, and Scope, General,

The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia's manufacturing sector in recent years. This paper examines the ef...

Energy Subsidies in Latin America and the Caribbean

Energy Subsidies in Latin America and the Caribbean »

Source: Energy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges

Volume/Issue: 2015/30

Series: IMF Working Papers

Author(s): Gabriel Di Bella , Lawrence Norton , Joseph Ntamatungiro , Sumiko Ogawa , Issouf Samaké , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2015

ISBN: 9781484365366

Keywords: Energy Subsidies, Latin America and the Caribbean, energy, electricity, prices, fuel, oil, General,

The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in...

Energy Subsidies in Latin America and the Caribbean
			: Stocktaking and Policy Challenges

Energy Subsidies in Latin America and the Caribbean : Stocktaking and Policy Challenges »

Volume/Issue: 2015/30

Series: IMF Working Papers

Author(s): Gabriel Di Bella , Lawrence Norton , Joseph Ntamatungiro , Sumiko Ogawa , Issouf Samaké , and Marika Santoro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2015

DOI: http://dx.doi.org/10.5089/9781484365366.001

ISBN: 9781484365366

Keywords: Energy Subsidies, Latin America and the Caribbean, energy, electricity, prices, fuel, oil, General,

The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in...

4. Después del boom: Precios de las materias primas y crecimiento económico en América Latina y el Caribe

4. Después del boom: Precios de las materias primas y crecimiento económico en América Latina y el Caribe »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

En este capítulo se le da una nueva mirada al boom de las materias primas que experimentó América Latina y el Caribe (ALC) desde principios de la década de 2000, y se analiza cómo se vería afect...

3. El impacto de la normalización de la política monetaria estadounidense en América Latina y el Caribe

3. El impacto de la normalización de la política monetaria estadounidense en América Latina y el Caribe »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

El afianzamiento de la recuperación en Estados Unidos proporcionará un impulso positivo principalmente a México, América Central y el Caribe, mientras que la correspondiente normalización de la...

1. Estados Unidos, Canadá y el mundo: Perspectivas y desafíos de política

1. Estados Unidos, Canadá y el mundo: Perspectivas y desafíos de política »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

La actividad mundial se fortaleció en el segundo semestre de 2013 y se prevé que siga mejorando en 2014–15, como consecuencia de una recuperación más rápida en las economías avanzadas. En cambio...

2. Perspectivas y desafíos de política económica para América Latina y el Caribe

2. Perspectivas y desafíos de política económica para América Latina y el Caribe »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

La actividad económica en América Latina y el Caribe se mantendrá en niveles relativamente moderados en 2014. Si bien la aceleración de la recuperación de las economías avanzadas debería fortale...

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484346129.086

ISBN: 9781484346129

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas...

Back Matter

Back Matter »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas...

Front Matter

Front Matter »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

Los cinco informes sobre las perspectivas económicas regionales (informes REO) que el FMI publica semestralmente abarcan Asia y el Pacífico, Europa, Oriente Medio y Asia Central, África sub-sahariana y las Américas...

Resumen ejecutivo

Resumen ejecutivo »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

La actividad económica mundial se fortaleció en el segundo semestre de 2013 y se prevé que mejore aún más en 2014, impulsada por una recuperación más rápida en las economías avanzadas. Se proyecta que el cre...

5. ¿Se ha tornado más contracíclica la política fiscal en América Latina?

5. ¿Se ha tornado más contracíclica la política fiscal en América Latina? »

Source: Perspectivas económicas regionales, abril de 2014: Departamento del Hemisferio Occidental

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: Spanish

ISBN: 9781484346129

Durante muchas décadas, la política fiscal de América Latina ha sido, en promedio, procíclica. Sin embargo, las estimaciones específicas de la ciclicidad de la política fiscal de cada país son m...

Energy Subsidies and Energy Consumption

Energy Subsidies and Energy Consumption »

Source: Energy Subsidies and Energy Consumption : A Cross-Country Analysis

Volume/Issue: 2013/112

Series: IMF Working Papers

Author(s): Joshua Charap , Arthur Ribeiro da Silva , and Pedro Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2013

ISBN: 9781484367247

Keywords: subsidy, income elasticity, gasoline prices, environmental regulations, energy consumption, gasoline consumption, Models with Panel Data, Personal Income and Other Nonbusiness Taxes and Subsidies, General,

The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the mag...

Energy Subsidies and Energy Consumption
			: A Cross-Country Analysis

Energy Subsidies and Energy Consumption : A Cross-Country Analysis »

Volume/Issue: 2013/112

Series: IMF Working Papers

Author(s): Joshua Charap , Arthur Ribeiro da Silva , and Pedro Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2013

DOI: http://dx.doi.org/10.5089/9781484367247.001

ISBN: 9781484367247

Keywords: subsidy, income elasticity, gasoline prices, environmental regulations, energy consumption, gasoline consumption, Models with Panel Data, Personal Income and Other Nonbusiness Taxes and Subsidies, General,

The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the mag...

Automatic Fuel Pricing Mechanisms with Price Smoothing

Automatic Fuel Pricing Mechanisms with Price Smoothing »

Source: Automatic Fuel Pricing Mechanisms with Price Smoothing : Design, Implementation, and Fiscal Implications

Volume: 12

Series: Technical Notes and Manuals

Author(s): David Coady , Javier Arze del Granado , Luc Eyraud , and Anita Tuladhar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2013

ISBN: 9781475566949

Keywords: Petroleum products, price smoothing, fuel taxes, price, prices, retail, pricing, volatility

Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of...

Automatic Fuel Pricing Mechanisms with Price Smoothing
			: Design, Implementation, and Fiscal Implications

Automatic Fuel Pricing Mechanisms with Price Smoothing : Design, Implementation, and Fiscal Implications »

Volume: 12

Series: Technical Notes and Manuals

Author(s): David Coady , Javier Arze del Granado , Luc Eyraud , and Anita Tuladhar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2013

DOI: http://dx.doi.org/10.5089/9781475566949.005

ISBN: 9781475566949

Keywords: Petroleum products, price smoothing, fuel taxes, price, prices, retail, pricing, volatility

Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of...

Measuring Oil-Price Shocks Using Market-Based Information

Measuring Oil-Price Shocks Using Market-Based Information »

Volume/Issue: 2012/19

Series: IMF Working Papers

Author(s): Tao Wu , and Michele Cavallo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463931810.001

ISBN: 9781463931810

Keywords: Oil Shocks, Market-Based Information, VAR Identification, oil market, opec, equation, oil demand, Multiple or Simultaneous Equation Models: Time-Series Models, Methodology for Collecting, Estimating

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then...

Oil Exporters' Dilemma
			: How Much to Save and How Much to Invest

Oil Exporters' Dilemma : How Much to Save and How Much to Invest »

Volume/Issue: 2012/4

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781475502459.001

ISBN: 9781475502459

Keywords: volatility, precautionary, saving, buffer-stock, investment, oil exporters, fiscal policy, exporters, exporting countries, domestic investment

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a p...

Measuring Oil-Price Shocks Using Market-Based Information1

Measuring Oil-Price Shocks Using Market-Based Information1 »

Source: Measuring Oil-Price Shocks Using Market-Based Information

Volume/Issue: 2012/19

Series: IMF Working Papers

Author(s): Tao Wu , and Michele Cavallo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931810

Keywords: Oil Shocks, Market-Based Information, VAR Identification, oil market, opec, equation, oil demand, Multiple or Simultaneous Equation Models: Time-Series Models, Methodology for Collecting, Estimating

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then...

Oil Exporters' Dilemma

Oil Exporters' Dilemma »

Source: Oil Exporters' Dilemma : How Much to Save and How Much to Invest

Volume/Issue: 2012/4

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781475502459

Keywords: volatility, precautionary, saving, buffer-stock, investment, oil exporters, fiscal policy, exporters, exporting countries, domestic investment

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a p...

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries? »

Volume/Issue: 2011/171

Series: IMF Working Papers

Author(s): Nese Erbil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781462314324.001

ISBN: 9781462314324

Keywords: institutions, govenment expenditure, expenditure, capital expenditure, fiscal policies, government expenditure, Fiscal Policies and Behavior of Economic Agents: General,

This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil...

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Is Fiscal Policy Procyclical in Developing Oil-Producing Countries? »

Source: Is Fiscal Policy Procyclical in Developing Oil-Producing Countries?

Volume/Issue: 2011/171

Series: IMF Working Papers

Author(s): Nese Erbil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781462314324

Keywords: institutions, govenment expenditure, expenditure, capital expenditure, fiscal policies, government expenditure, Fiscal Policies and Behavior of Economic Agents: General,

This paper examines the cyclicality of fiscal behavior in 28 developing oil-producing countries (OPCs) during 1990-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil...

Resource Windfalls, Macroeconomic Stability and Growth
			: The Role of Political Institutions

Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions »

Volume/Issue: 2011/142

Series: IMF Working Papers

Author(s): Kazim Kazimov , Kirk Hamilton , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

DOI: http://dx.doi.org/10.5089/9781455266432.001

ISBN: 9781455266432

Keywords: Commodity, macroeconomic stability, government spending, standard deviation, economic performance, Fiscal Policies and Behavior of Economic Agents: General, Multiple or Simultaneous Equation Models: Models with Panel Data,

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-...

Resource Windfalls, Macroeconomic Stability and Growth

Resource Windfalls, Macroeconomic Stability and Growth »

Source: Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions

Volume/Issue: 2011/142

Series: IMF Working Papers

Author(s): Kazim Kazimov , Kirk Hamilton , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455266432

Keywords: Commodity, macroeconomic stability, government spending, standard deviation, economic performance, Fiscal Policies and Behavior of Economic Agents: General, Multiple or Simultaneous Equation Models: Models with Panel Data,

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-...

Real-time Forecasts of Economic Activity for Latin American Economies

Real-time Forecasts of Economic Activity for Latin American Economies »

Volume/Issue: 2011/98

Series: IMF Working Papers

Author(s): Philip Liu , Rafael Romeu , and Troy Matheson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455254293.001

ISBN: 9781455254293

Keywords: Nowcasting, Short-term forecasting, Real-time data, and Latin America, gdp growth, forecasting, real gdp, equation, equations, Model Construction and Estimation

Macroeconomic policy decisions in real-time are based the assessment of current and future economic conditions. These assessments are made difficult by the presence of incomplete and noisy data. The problem is more...

Real-time Forecasts of Economic Activity for Latin American Economies

Real-time Forecasts of Economic Activity for Latin American Economies »

Source: Real-time Forecasts of Economic Activity for Latin American Economies

Volume/Issue: 2011/98

Series: IMF Working Papers

Author(s): Philip Liu , Rafael Romeu , and Troy Matheson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

ISBN: 9781455254293

Keywords: Nowcasting, Short-term forecasting, Real-time data, and Latin America, gdp growth, forecasting, real gdp, equation, equations, Model Construction and Estimation

Macroeconomic policy decisions in real-time are based the assessment of current and future economic conditions. These assessments are made difficult by the presence of incomplete and noisy data. The problem is more...

Riding the Roller Coaster
			: Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean

Riding the Roller Coaster : Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean »

Volume/Issue: 2010/251

Series: IMF Working Papers

Author(s): Pablo Lopez Murphy , Mauricio Villafuerte , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

DOI: http://dx.doi.org/10.5089/9781455209514.001

ISBN: 9781455209514

Keywords: expenditure, fiscal policies, fiscal sustainability, Structure, Scope, and Performance of Government, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General

This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procy...

Riding the Roller Coaster

Riding the Roller Coaster »

Source: Riding the Roller Coaster : Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean

Volume/Issue: 2010/251

Series: IMF Working Papers

Author(s): Pablo Lopez Murphy , Mauricio Villafuerte , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

ISBN: 9781455209514

Keywords: expenditure, fiscal policies, fiscal sustainability, Structure, Scope, and Performance of Government, National Government Expenditures and Related Policies: General, National Budget, Deficit, and Debt: General

This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procy...

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America »

Source: The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

Volume/Issue: 2010/192

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202263

Keywords: procyclicality, fiscal positions, exporting countries, price fluctuations, National Government Expenditures and Related Policies: General,

The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries' fiscal positions. Using a novel quarterly data set-which includes unique c...

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America

The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America »

Volume/Issue: 2010/192

Series: IMF Working Papers

Author(s): Leandro Medina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

DOI: http://dx.doi.org/10.5089/9781455202263.001

ISBN: 9781455202263

Keywords: procyclicality, fiscal positions, exporting countries, price fluctuations, National Government Expenditures and Related Policies: General,

The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries' fiscal positions. Using a novel quarterly data set-which includes unique c...

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease »

Source: Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Volume/Issue: 2010/94

Series: IMF Working Papers

Author(s): Kareem Ismail , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

ISBN: 9781451982718

Keywords: Fiscal Asymmetry, export value, reer, fiscal rules, oil export, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities...

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease

Boom-Bust Cycle, Asymmetrical Fiscal Response and the Dutch Disease »

Volume/Issue: 2010/94

Series: IMF Working Papers

Author(s): Kareem Ismail , and Rabah Arezki

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2010

DOI: http://dx.doi.org/10.5089/9781451982718.001

ISBN: 9781451982718

Keywords: Fiscal Asymmetry, export value, reer, fiscal rules, oil export, Methodology for Collecting, Estimating, and Organizing Macroeconomic Data, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its implication for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities...

Inflation Targeting and the Crisis
			: An Empirical Assessment

Inflation Targeting and the Crisis : An Empirical Assessment »

Volume/Issue: 2010/45

Series: IMF Working Papers

Author(s): Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

DOI: http://dx.doi.org/10.5089/9781451963045.001

ISBN: 9781451963045

Keywords: economic crisis, inflation, terms of trade, real interest rates, Macroeconomics and Monetary Economics: General, Business Fluctuations, And Cycles, money And Interest Rates,

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. We find that since August...

Inflation Targeting and the Crisis

Inflation Targeting and the Crisis »

Source: Inflation Targeting and the Crisis : An Empirical Assessment

Volume/Issue: 2010/45

Series: IMF Working Papers

Author(s): Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451963045

Keywords: economic crisis, inflation, terms of trade, real interest rates, Macroeconomics and Monetary Economics: General, Business Fluctuations, And Cycles, money And Interest Rates,

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. We find that since August...

Elasticity Optimism

Elasticity Optimism »

Source: Elasticity Optimism

Volume/Issue: 2009/279

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

ISBN: 9781451874242

Keywords: Trade Elasticities, Heterogeneity, Calibration, International Portfolio, elasticity of substitution, equation, measurement error, import prices,

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under...

Elasticity Optimism

Elasticity Optimism »

Volume/Issue: 2009/279

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874242.001

ISBN: 9781451874242

Keywords: Trade Elasticities, Heterogeneity, Calibration, International Portfolio, elasticity of substitution, equation, measurement error, import prices,

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under...

Are Africa’s Currency Unions Good for Trade?

Are Africa’s Currency Unions Good for Trade? »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

The Costs of Sovereign Default

The Costs of Sovereign Default »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

Dynamic Aspects of Productivity Spillovers, Terms of Trade and The “Home Market Effect”

Dynamic Aspects of Productivity Spillovers, Terms of Trade and The “Home Market Effect” »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

External Linkages and Contagion Risk in Irish Banks

External Linkages and Contagion Risk in Irish Banks »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

Foreign Aid with Voracious Politics

Foreign Aid with Voracious Politics »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

IMF Staff Papers, Volume 56, No. 4

IMF Staff Papers, Volume 56, No. 4 »

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

DOI: http://dx.doi.org/10.5089/9781589069107.024

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

International Competitiveness of the Mediterranean Quartet: A Heterogeneous-Product Approach

International Competitiveness of the Mediterranean Quartet: A Heterogeneous-Product Approach »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

On the Probabilistic Approach to Fiscal Sustainability: Structural Breaks and Non-Normality

On the Probabilistic Approach to Fiscal Sustainability: Structural Breaks and Non-Normality »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

The Optimal Level of Reserves for Low-Income Countries: Self-Insurance against External Shocks

The Optimal Level of Reserves for Low-Income Countries: Self-Insurance against External Shocks »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

What Explains the Rapid Growth in Transition Economies?

What Explains the Rapid Growth in Transition Economies? »

Source: IMF Staff Papers, Volume 56, No. 4

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2009

ISBN: 9781589069107

Keywords: sovereign default, sovereign debt, external debt, sovereign defaults, current account

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the finan...

Commodity Terms of Trade

Commodity Terms of Trade »

Source: Commodity Terms of Trade : The History of Booms and Busts

Volume/Issue: 2009/205

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873528

Keywords: commodity booms, commodity busts, commodity exporters, exporters, Trade: General, Macroeconomic Aspects of International Trade and Finance: General, Economic Growth of Open Economies,

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic p...

Commodity Terms of Trade
			: The History of Booms and Busts

Commodity Terms of Trade : The History of Booms and Busts »

Volume/Issue: 2009/205

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873528.001

ISBN: 9781451873528

Keywords: commodity booms, commodity busts, commodity exporters, exporters, Trade: General, Macroeconomic Aspects of International Trade and Finance: General, Economic Growth of Open Economies,

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic p...

The Quality of Public Investment

The Quality of Public Investment »

Volume/Issue: 2009/154

Series: IMF Working Papers

Author(s): Shankha Chakraborty , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873016.001

ISBN: 9781451873016

Keywords: Public Capital, private capital, investment spending, public investment spending, increasing returns,

This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, spec...

The Quality of Public Investment

The Quality of Public Investment »

Source: The Quality of Public Investment

Volume/Issue: 2009/154

Series: IMF Working Papers

Author(s): Shankha Chakraborty , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

ISBN: 9781451873016

Keywords: Public Capital, private capital, investment spending, public investment spending, increasing returns,

This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, spec...

Equilibrium Non-Oil Current Account Assessments for Oil Producing Countries

Equilibrium Non-Oil Current Account Assessments for Oil Producing Countries »

Source: Equilibrium Non-Oil Current Account Assessments for Oil Producing Countries

Volume/Issue: 2008/198

Series: IMF Working Papers

Author(s): Alun Thomas , Jun Kim , and Aqib Aslam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2008

ISBN: 9781451870565

Keywords: exchange rate assessment, oil-exporting countries, consumption smoothing, current account, current account balance, current accounts, current account deficit, current account deficits,

This paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodol...

Equilibrium Non-Oil Current Account Assessments for Oil Producing Countries

Equilibrium Non-Oil Current Account Assessments for Oil Producing Countries »

Volume/Issue: 2008/198

Series: IMF Working Papers

Author(s): Alun Thomas , Jun Kim , and Aqib Aslam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2008

DOI: http://dx.doi.org/10.5089/9781451870565.001

ISBN: 9781451870565

Keywords: exchange rate assessment, oil-exporting countries, consumption smoothing, current account, current account balance, current accounts, current account deficit, current account deficits,

This paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodol...

Constraints on the Design and Implementation of Monetary Policy in Oil Economies

Constraints on the Design and Implementation of Monetary Policy in Oil Economies »

Source: Constraints on the Design and Implementation of Monetary Policy in Oil Economies : The Case of Venezuela

Volume/Issue: 2008/142

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

ISBN: 9781451870008

Keywords: Oil Economies, monetary base, inflation, central bank, monetary fund, Venezuela, Republica Bolivariana De,

By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the...

Constraints on the Design and Implementation of Monetary Policy in Oil Economies
			: The Case of Venezuela

Constraints on the Design and Implementation of Monetary Policy in Oil Economies : The Case of Venezuela »

Volume/Issue: 2008/142

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2008

DOI: http://dx.doi.org/10.5089/9781451870008.001

ISBN: 9781451870008

Keywords: Oil Economies, monetary base, inflation, central bank, monetary fund, Venezuela, Republica Bolivariana De,

By definition, fiscal dominance impedes the effective implementation of any monetary strategy aimed at controlling inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the...

Emerging Market Spread Compression

Emerging Market Spread Compression »

Source: Emerging Market Spread Compression : Is it Real or is it Liquidity?

Volume/Issue: 2008/10

Series: IMF Working Papers

Author(s): Laura Kodres , Kristian Hartelius , and Kenichiro Kashiwase

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2008

ISBN: 9781451868722

Keywords: Sovereign Spreads, Fundamentals, bond, bond spreads, market bond, emerging market bond, standard deviation,

Despite recent turmoil, spreads on emerging market countries' sovereign bonds have fallen dramatically since mid-2002. Some have attributed the fall to improved economic fundamentals while others to ample global li...