IMF Papers on Policy Analysis and Assessment

Papers on Policy Analysis and Assessment are intended to make staff work in the area of policy design available to a wide audience. A list of all PPAAs issued in 1995:1 follows. Papers may also be considered for inclusion in the journal.

Abstract

Papers on Policy Analysis and Assessment are intended to make staff work in the area of policy design available to a wide audience. A list of all PPAAs issued in 1995:1 follows. Papers may also be considered for inclusion in the journal.

“The New Monetary Policy Framework of the United Kingdom,” by Ulrich Stiehler [95/1]

“When is a Fiscal Surplus Appropriate?” by Richard Hemming and James Daniel [95/2]

“Social Safety Nets for Economic Transition: Options and Recent Experiences,” by the Expenditure Policy Division Staff [95/3]

“An Inflation Targeting Framework for Italy,” by Timothy D. Lane, Alessandro Prati, and Mark E. L. Griffiths 19514]

“Non–G–10 Countries and the Basle Capital Rules: How Tough a Challenge is it to Join The Basle Club?” by Claudia Dziobek, Olivier Frécaut, and Maria Nieto 195/5]

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Inquiries about individual IMF Papers on Policy Analysis and Assessment should also be directed to the address above.

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In statistical matter throughout this issue,

dots (…) indicate that data are not available;

a dash (—) indicates that the figure is zero or less than half the final digit shown, or that the item does not exist;

a single dot (.) indicates decimals;

a comma (,) separates thousands and millions;

“billion” means a thousand million, and “trillion” means a thousand billion;

a short dash (–) is used between years or months (for example, 1992–94 or January–October) to indicate a total of the years or months inclusive of the beginning and ending years or months;

a stroke (/) is used between years (for example, 1993/94) to indicate a fiscal year or a crop year;

a colon (:) is used between a year and the number indicating a quarter within that year (for example, 1994:1);

components of tables may not add to totals shown because of rounding.