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Business and Economics > Production and Operations Management

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Cover IMF Staff Country Reports
West African Economic and Monetary Union: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
sovereign bond market stage; deficit ceiling; sovereign bond market development; growth loss; stages of building block development; Securities markets; Debt limits; Securities; Total factor productivity; West Africa; Global; Sub-Saharan Africa; COVID-19
Cover IMF Staff Country Reports
West African Economic and Monetary Union (WAEMU): Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
ISCR; CR; WAEMU; WAEMU country; investment; investment efficiency; infrastructure gap; Polity score; performance lag; TFP contribution; Fiscal risks; Public investment and public-private partnerships (PPP); Commercial banks; Total factor productivity; West Africa; Sub-Saharan Africa; Global
Cover IMF Staff Country Reports
Togo : questions générales
International Monetary Fund. African Dept.
Ce document de la série des questions générales se penche sur l'évaluation de l'activité économique du Togo en l'absence de séries trimestrielles du PIB. Le Togo recueille environ 40 indicateurs macroéconomiques mensuels qui couvrent un grand nombre de secteurs de l'économie. La sélection de variables à inclure dans l'indice d'activité économique est faite en trouvant la meilleure combinaison. Les indicateurs sont agrégés dans un indice à l’aide d'une méthodologie utilisée par le Conference Board des États-Unis. Ceci permet d'établir un indice d'activité économique qui reproduit bien l'évolution des taux de croissance du PIB réel au Togo. L’indice sélectionné réduit au minimum les écarts entre le taux de croissance de l'indicateur et celui du PIB réel effectif sur la période 2002–13.
Keywords:
ISCR; CR; food inflation; Togo; GDP
Cover IMF Staff Country Reports
Togo: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper discusses the assessment of economic activity in Togo in absence of quarterly GDP series. Togo collects about 40 macroeconomic indicators monthly that span a wide range of sectors of the economy. The selection of the variables for the economic activity index is conducted by finding the combination of variables. The indicators are aggregated into an index using a methodology used by the Conference Board. Then an economic activity index is constructed that effectively replicates the historical growth rates of real GDP in Togo. The selected index minimizes the deviations between the growth rates of the indicator and actual real GDP growth over 2002–13.
Keywords:
ISCR; CR; food inflation; Togo; GDP; GDP series; high-frequency Economic Activity Index; inflation dynamics; series correspond; Public investment spending; Inflation; Public investment and public-private partnerships (PPP); Structural transformation; Food prices; West Africa; Sub-Saharan Africa; Global; Asia and Pacific
Cover IMF Staff Country Reports
Burkina Faso: Selected Issues
International Monetary Fund
This paper assesses the link between public investment and economic growth in Burkina Faso. It also evaluates Burkina Faso's external competitiveness by using a comparison of REER to its equilibrium levels and a survey-based assessment of overall competitiveness. The report attempts to quantify the impact of rainfall and terms-of-trade shocks on the Burkinabe economy and draws policy measures to lessen external shocks. The report assesses that industrial mining has become a source of foreign exchange and government revenue, which requires transparent management and accountability.
Keywords:
ISCR; CR; mining company; terms of trade shock; import price; custom official; public investment; import cost; phase permit holder; Public investment spending; Terms of trade; Real effective exchange rates; Mining sector; Export prices; Global; Africa; Middle East; North Africa
Cover IMF Working Papers
Sources of Inflation in Developing Countries
Mr. Prakash Loungani
and
Mr. Phillip L Swagel
This paper develops stylized facts about the inflation process in developing countries, focusing particularly on the relationship between the exchange rate regime and the sources of inflation. Using annual data from 1964 to 1998 for 53 developing countries, we find that money growth and exchange rate changes-factors typically related to fiscal influences-are far more important in countries with floating exchange rate regimes than in those with fixed exchange rates. Instead, inertial factors dominate the inflation process in developing countries with fixed exchange rate regimes.
Keywords:
WP; exchange rate; money growth; currency; Inflation; developing countries; exchange rate regimes; growth innovation; inflation movement; inflation innovation; inflation response; inflation experience; sources of inflation; Exchange rate arrangements; Exchange rates; Output gap; Conventional peg; South America; Africa; Asia and Pacific