Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Suriname

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Consumption; Economics x
Clear All Modify Search
Cover IMF Staff Country Reports
Suriname: Technical Assistance Report – CARTAC Report on the Price Statistics Mission
International Monetary Fund. Statistics Dept.
This Technical Assistance Report on Suriname constitutes technical advice provided by the staff of the IMF to the authorities of Suriname in response to their request for technical assistance. The mission discussed issues concerning the consumer price index (CPI), the producer price index (PPI) and export price index (XPI). On the CPI, the mission reviewed current practices and provided some recommendations. The main recommendations are to switch from a Dutot to a Jevons index on the elementary aggregate level and to start publishing the CPI according to the Classification of Individual Consumption according to Purpose on a class level provided the number of items permits. On the planned PPI and XPI, the discussion focused on available data sources and next steps for developing a PPI for Suriname. Reliable price statistics are essential for informed economic policymaking by the authorities. They also provide the private sector, foreign investors, rating agencies, and the public in general with important inputs in their decision-making, while informing both domestic economic policy and IMF surveillance.
Keywords:
ISCR; CR; producer price index; consumer price index; price; Suriname; GBS consumer price index section; index reference period; CPI weight; import price indexes; I. consumer price index; Consumer price indexes; Producer price indexes; Consumption; Export price indexes; Caribbean
Cover IMF Working Papers
Suriname: A Case Study of High Inflation
Mr. Sukhdev Shah
and
Mr. Benedikt Braumann
Suriname recently went through a period of destabilizationthat that bordered on hyperinflation. The country’s experience provides a good illustration to study the genesis and dynamics of high inflation and includes some unusual phenomena, such as a monetary overhang, an eight-tiered exchange rate, and inflationary gold purchases by the central bank. High inflation also had a significant impact on the real economy. This paper compares the experience of Suriname with other countries discussed in the recent stabilization literature. It finds strong evidence of intertemporal demand effects, which occurred as the public reacted to the temporary bout of high inflation.
Keywords:
WP; exchange rate; price level; budget deficit; inflationary spiral; Inflation; monetary overhang; multiple exchange rates; non-neutralities; inflation act; Phillips curve; inflation period; excess supply; inflation rate; inflation result; Consumption; Real exchange rates; Government debt management; Real wages; Eastern Europe; Caribbean