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Africa > Uganda

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

  • Type: Journal Issue x
  • Commodities x
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Cover IMF Staff Country Reports
Mauritius: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper and Statistical Appendix analyzes the labor market of Mauritius. It highlights that the high level of youth unemployment in Mauritius points to deficiencies in education and training. There are also significant rigidities in the functioning of the labor market that aggravate the problem. In particular, the Mauritian labor market is highly regulated and the relevant institutions operate according to a legalistic approach in which economic criteria play a relatively minor role.
Keywords:
ISCR; CR; rate of return; money demand; firm; Mauritian rupee; net acquisition; yield; opening balance; time deposit; cash inflow; opportunity cost; Currencies; Agricultural commodities; Demand for money; Treasury bills and bonds; Caribbean
Cover IMF Working Papers
Policy towards Commodity Shocks in Developing Countries
Ms. Jan Gunning
and
Mr. Paul Collier
On the basis of a comparative study of 23 episodes involving commodity price shocks we find that both the public and private sectors typically save around half of a windfall gain resulting from a price rise. We argue that private windfalls should be left with the private sector rather than taxed. The focus of policy towards windfalls should be monetary rather than fiscal. The central bank should accommodate aggregate changes in the demand for financial assets. The private sector will initially wish to increase its claims on the central bank as it saves the windfall, but will then reduce them as portfolios are switched into real assets.
Keywords:
WP; private sector; rate; price level; savings rate; financial asset; rate of return; asset demand; investment rate; windfall income; Income; Monetary base; Reserves accumulation; Agricultural commodities; Demand for money; Africa