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Download or read book Australia, Staff Report for the ... Article IV Consultation written by and published by . This book was released on 2008 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Manmohan S. Kumar
Publisher : International Monetary Fund
ISBN 13 : 158906609X
Total Pages : 144 pages
Book Rating : 4.5/5 (89 download)
Download or read book Promoting Fiscal Discipline written by Mr.Manmohan S. Kumar and published by International Monetary Fund. This book was released on 2007-10-18 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic and financial globalization. Lack of fiscal discipline generally stems from the injudicious use of policy discretion. The benefits of discretion are seen in terms of the ability of policymakers to respond to unexpected shocks and in allowing elected political representatives to fulfill their mandates. But discretion can be misused, resulting in persistent deficits and procyclical policies, rising debt levels, and, over time, a loss in policy credibility. The authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches—fiscal rules, fiscal responsibility laws, and fiscal agencies—can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1455208337
Total Pages : 47 pages
Book Rating : 4.4/5 (552 download)
Download or read book Australia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-28 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from Asia and decisive policy responses. Australian banks were resilient to the global crisis, and the labor market was flexible in the face of the shock. The exit from fiscal stimulus is appropriate as is the recent review of the tax system. Banks could adopt riskier strategies and require vigilance. The exchange rate is overvalued but will dissipate as interest rates in other advanced economies eventually normalize.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1513528432
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)
Download or read book Republic of Nauru written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2020-01-29 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Republic of Nauru highlights that it remains vulnerable to climate change and has a narrow economic base and limited capacity. Development challenges are increased by unavailability of land and high incidence of noncommunicable diseases. Growth was stronger than expected in FY2018 but slowed in FY2019. The outlook is subdued, with growth expected to reach 2 percent in the medium term. Revenues are projected to decline, necessitating a fiscal adjustment. Risks are skewed to the downside and include the scaling down of Regional Processing Centre activity and revenues, volatile fishing revenues, climate change, and delays in fiscal and structural reforms. Fiscal adjustment is required to avoid a breach of the fiscal anchor, contain debt, and maintain the Trust Fund contributions. New sources of economic growth and income are needed to support Nauru’s development agenda. Policies should be implemented in the near term to support private sector activity, including through financial sector development, state-owned enterprises reform, and land rehabilitation. The effectiveness of education and health spending needs to be improved to meet development goals.
Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
ISBN 13 : 1475555091
Total Pages : 79 pages
Book Rating : 4.4/5 (755 download)
Download or read book Australia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-02-12 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2013 Article IV Consultation highlights that the Australian economy has performed well relative to many other advanced economies since the global financial crisis. A transition phase has now been reached as the terms of trade-driven mining investment boom of the past decade has peaked, and the economy is moving to the production and export phase. Annual growth slowed to 21⁄4 percent in the third quarter of 2013, below the trend growth of about 3 percent. Inflation remains anchored in the Reserve Bank of Australia’s (RBA) target range.
Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
ISBN 13 : 1498334164
Total Pages : 22 pages
Book Rating : 4.4/5 (983 download)
Download or read book The Fund's Response to the 2007-08 Financial Crisis - Stocktaking and Collaboration with the Financial Stability Forum written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2008-09-15 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present financial crisis is testing the resilience of the global financial system as well as the robustness of national and multilateral policy frameworks. As requested by Executive Directors, this paper reviews recent progress in meeting these challenges, focusing on the role of the Fund and its collaboration with the Financial Stability Forum (FSF). In concert with other international bodies, the Fund has sought to promote appropriate policy responses to the financial turmoil, including through its report on The Recent Financial Turmoil—Initial Assessment, Policy Lessons, and Implications for Fund Surveillance, in the Global Financial Stability Report (GFSR) and the World Economic Outlook (WEO), as well as in recent Article IV consultations and Financial Sector Assessment Programs (FSAPs). The Fund has also responded to the International Monetary and Financial Committee’s (IMFC) call for closer collaboration with other international fora, including by supporting the implementation of policy lessons from the crisis, such as the 67 FSF recommendations issued in April 2008.
Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 : 1616355085
Total Pages : 84 pages
Book Rating : 4.6/5 (163 download)
Download or read book Australia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Australia written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-06 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong health and economic policies allowed for quick economic recovery from initial COVID-19-related lockdowns in 2020. Renewed outbreaks and lockdowns have created setbacks since mid-2021, with disproportionate impacts on some regions, sectors, and workers. Accommodative macroeconomic policies have been instrumental in cushioning the economic impact.
Author :
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)
Download or read book Australia, 2002 Article IV Consultation written by and published by . This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264092269
Total Pages : 165 pages
Book Rating : 4.2/5 (64 download)
Download or read book OECD Economic Surveys: Australia 2010 written by OECD and published by OECD Publishing. This book was released on 2010-11-14 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2010 edition of OECD's periodic survey of Australia's economy. This edition includes chapters covering recovery from the crisis, fiscal policy effectiveness, meeting infrastructure needs, and enhancing labour utilisation.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451830343
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)
Download or read book New Zealand written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-05-07 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2007 Article IV Consultation highlights that the economic downturn of New Zealand that commenced in 2005 has proved to be short lived. In early 2006, the economy appeared to be cooling quickly, with quarterly growth dropping to zero and confidence and demand indicators deteriorating. Some needed rebalancing of the economy took place. Over the last few months, the cycle has turned again. A range of indicators in late 2006 and early 2007 suggest that domestic demand has regained momentum. These include a resurgent housing market and improved business and consumer confidence.
Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.4/5 (2 download)
Download or read book New Zealand: 2022 Article IV Consultation-Press Release; and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-13 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Zealand’s management of the pandemic, including health policy and macroeconomic policy support, has been effective in ensuring economic recovery. Output has already recovered to above potential, the labor market is tight, and inflation has risen to above the Reserve Bank of New Zealand’s (RBNZ) target range.
Author :
Publisher : BRILL
ISBN 13 : 9087903316
Total Pages : 256 pages
Book Rating : 4.0/5 (879 download)
Download or read book The Destructive Path of Neoliberalism written by and published by BRILL. This book was released on 2008-01-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Destructive Path of Neoliberalism: An International Examination, a compilation of twelve essays by leading scholars and educators, sheds light on the social, political, economic, and historical forces behind the rise of neoliberalism, the dominant ideological doctrine impacting developments in schools and other social contexts across the globe for over thirty years.
Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484366220
Total Pages : 85 pages
Book Rating : 4.4/5 (843 download)
Download or read book United States written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2018-07-03 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment is low, inflation is well contained, and growth is set to accelerate. During the course of this administration, the economy is expected to enter the longest expansion in recorded U.S. history.
Author : Soogil Young
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9812309306
Total Pages : 463 pages
Book Rating : 4.8/5 (123 download)
Download or read book Competition among Financial Centres in Asia-Pacific written by Soogil Young and published by Institute of Southeast Asian Studies. This book was released on 2009 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents include an overview and policy recommendations; case studies which include Australian content; international perspectives; and issues and findings.
Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 0821367285
Total Pages : 216 pages
Book Rating : 4.8/5 (213 download)
Download or read book Global Economic Prospects 2007 written by World Bank and published by World Bank Publications. This book was released on 2006 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264044817
Total Pages : 457 pages
Book Rating : 4.2/5 (64 download)
Download or read book Globalisation and Emerging Economies Brazil, Russia, India, Indonesia, China and South Africa written by OECD and published by OECD Publishing. This book was released on 2009-03-19 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses key elements of the trade performance of the so-called BRIICS: Brazil, Russia, India, Indonesia, China and South Africa, in relation to the rest of the world, focusing on trade and other policies influencing that performance. It also presents a separate chapter for each country.
Author : R. Aliber
Publisher : Springer
ISBN 13 : 0230307140
Total Pages : 367 pages
Book Rating : 4.2/5 (33 download)
Download or read book Preludes to the Icelandic Financial Crisis written by R. Aliber and published by Springer. This book was released on 2011-01-19 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Iceland became one of the symbols of the global financial crisis. It provides an ideal test case for the perceptions of economists, in particular their ability to anticipate crises. The book contains papers and reports, written prior to the collapse of Iceland's financial system, about the economy. What did and didn't they see coming, and why?
