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Obstacles to International Policy Coordination, and How to Overcome Them

Obstacles to International Policy Coordination, and How to Overcome Them »

Source: Obstacles to International Policy Coordination, and How to Overcome Them

Volume/Issue: 2013/11

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , and Atish Ghosh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 December 2013

ISBN: 9781484334188

Keywords: Welfare, International cooperation, Economic policy, Policy Coordination, Uncertainty, Guideposts

In bilateral and multilateral surveillance, countries are often urged to consider alternative policies that would result in superior outcomes for the country itself and, perhaps serendipitously, for the world econo...

Welfare Effects of Uzbekistan's Foreign Exchange Regime

Welfare Effects of Uzbekistan's Foreign Exchange Regime »

Source: Welfare Effects of Uzbekistan's Foreign Exchange Regime

Volume/Issue: 2000/61

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

ISBN: 9781451848168

Keywords: Welfare Analysis, Quasi-Fiscal Operations, exchange rates, exchange rate, foreign trade, multiple exchange rate

In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import...

Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy*

Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy* »

Source: Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy

Volume/Issue: 2008/204

Series: IMF Working Papers

Author(s): Stephen Turnovsky , Serpil Tekin , and Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2008

ISBN: 9781451870626

Keywords: real exchange rate, welfare analysis, exchange rate, capital stock, capital markets, capital intensity,

A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...

Uruguay: Selected Issues

Uruguay: Selected Issues »

Source: Uruguay : Selected Issues

Volume/Issue: 2017/29

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2017

ISBN: 9781475573626

Keywords: Pensions, Population, Interest rates, Liquidity, Western Hemisphere, Uruguay, Welfare, Stress testing, Social policy, Dollarization

This Selected Issues paper presents an overview of inter-sectoral exposures in Uruguay. The Uruguayan financial system has been characterized by solid balance sheets, a low level of credit, and continued high dolla...

Republic of Slovenia: Technical Assistance Report-Establishing a Spending Review Process

Republic of Slovenia: Technical Assistance Report-Establishing a Spending Review Process »

Source: Republic of Slovenia : Technical Assistance Report-Establishing a Spending Review Process

Volume/Issue: 2015/265

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513585727

Keywords: Government expenditures, Education, Health care, Welfare, Pensions, Fiscal consolidation, Technical Assistance Reports, Slovenia, spending, health

This paper discusses key findings and recommendations of the Technical Assistance report on establishing a spending review process in Slovenia. Slovenia's fragile fiscal situation requires further consolidation to...

What Measure of Inflation Should a Developing Country Central Bank Target?1

What Measure of Inflation Should a Developing Country Central Bank Target?1 »

Source: What Measure of Inflation Should a Developing Country Central Bank Target?

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...