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Regional Economic Outlook, November 2006, Western Hemisphere

Regional Economic Outlook, November 2006, Western Hemisphere »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

DOI: http://dx.doi.org/10.5089/9781589065949.086

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

This Western Hemisphere Regional Economic Outlook covers the United States, Canada, Latin America, and the Caribbean. The report reviews recent economic developments, discusses the economic outlook, and outlines ri...

Fiscal Policy Formulation and Implementation in Oil-Producing Countries

Fiscal Policy Formulation and Implementation in Oil-Producing Countries »

Series: Books

Author(s): Jeffrey Davis , Annalisa Fedelino , and Rolando Ossowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 August 2003

DOI: http://dx.doi.org/10.5089/9781589061750.071

ISBN: 9781589061750

Keywords: oil prices, fiscal policy, oil revenues, oil and gas, taxation

Countries with large oil resources can benefit substantially from them. However, despite their huge natural resources, many oil producers have had disappointing growth, widespread poverty, and continuing vulnerabil...

Fiscal Sustainability with Non-Renewable Resources1

Fiscal Sustainability with Non-Renewable Resources1 »

Source: Fiscal Sustainability with Non-Renewable Resources

Volume/Issue: 1998/26

Series: IMF Working Papers

Author(s): Nigel Chalk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451844351

Keywords: Fiscal sustainability, non-renewable resource, oil producers, terms of trade, fiscal position, oil prices, fiscal policies

This paper assesses sustainable fiscal behavior in an economy where wealth is derived predominantly from a non-renewable resource. It explores the issue in a simple dynamic framework that highlights the structural...

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...

I. The Global Economy and Outlook for the United States and Canada

I. The Global Economy and Outlook for the United States and Canada »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

A. The Global Context Global economic growth remains robust. First–quarter growth was especially strong in the United States, but has slowed since. The expansion has gathered momentu...

II. Latin America and the Caribbean (LAC)

II. Latin America and the Caribbean (LAC) »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

A. Main Developments and Prospects The Latin America and Caribbean region continues to grow robustly—and above its historical average—in the context of a strong global economy. In 20...

Main Economic Indicators

Main Economic Indicators »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Output Growth (annual rate in percent) Inflation (period average) Ext. Cu...

Appendix

Appendix »

Source: Regional Economic Outlook, November 2006, Western Hemisphere

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2006

ISBN: 9781589065949

Keywords: fiscal impulse, commodity prices, public debt, fiscal policy, fiscal impulses

Methodology for Fiscal Impulse Calculations 1 The fiscal impulse calculations presented in the text follow an approach similar to Chand...

Fiscal Policy and Business Cycles in an Oil-Producing Economy

Fiscal Policy and Business Cycles in an Oil-Producing Economy »

Source: Fiscal Policy and Business Cycles in an Oil-Producing Economy : The Case of Venezuela

Volume/Issue: 2005/237

Series: IMF Working Papers

Author(s): Alfredo Baldini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862560

Keywords: Macroeconomic Volatility, fiscal outcomes, fiscal stance, expenditures, expenditure, Fiscal Policies and Behavior of Economic Agents: General, Nonrenewable Resources and Conservation: Government Policy, Venezuela, Republica Bolivariana De,

This paper analyzes the fiscal policy in Venezuela during 1991-2003, by using a number of statistical approaches to analyze trends and cycles of economic output and fiscal outcomes. The business cycle features a st...

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...