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Exchange Rate And Macro Economic Policy In Independent Papua New Guinea
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Book Synopsis Exchange Rate and Macro-economic Policy in Independent Papua New Guinea by : Ross Garnaut
Download or read book Exchange Rate and Macro-economic Policy in Independent Papua New Guinea written by Ross Garnaut and published by . This book was released on 1984 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Situation, Prospects and Policy in Papua New Guinea by : James Guest
Download or read book Macroeconomic Situation, Prospects and Policy in Papua New Guinea written by James Guest and published by . This book was released on 1987 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economy of Papua New Guinea by : Economic Insights
Download or read book The Economy of Papua New Guinea written by Economic Insights and published by . This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the openness of the PNG economy, the primary focus of macro-economic management has been external stability, as measured by a prudent level of external reserves, a sustainable balance of payments and a relatively stable exchange rate. It was recognized that fiscal deficits would fuel import demand and place the balance of payments under pressure.
Book Synopsis Exchange Rate Policy in Papua New Guinea by : John Fallon
Download or read book Exchange Rate Policy in Papua New Guinea written by John Fallon and published by . This book was released on 1995 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Instability and Exchange Rate Policy in Papua New Guinea (PNG). by : Faitele Yabom
Download or read book Macroeconomic Instability and Exchange Rate Policy in Papua New Guinea (PNG). written by Faitele Yabom and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Macroeconomic Effects of Natural Resource Extraction by : Mr.Suman S Basu
Download or read book The Macroeconomic Effects of Natural Resource Extraction written by Mr.Suman S Basu and published by International Monetary Fund. This book was released on 2013-05-31 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model is a multi-sector dynamic stochastic general equilibrium (DSGE) model, and features components that allow for a detailed study of the effects of both fiscal and monetary policy in response to a positive shock to the mineral resource value of a country. The model contains tradable, non-tradable, and mining sectors, as well as an independent central bank and fiscal authority. We calibrate the model to the current economy of Papua New Guinea and run a suite of policy simulations. We find that macroeconomic effects from a resource boom typically associated with Dutch Disease effects such as a real appreciation and a fall in tradable sector production stem largely from the non-tradable component of government spending. The central bank can offset the real appreciation, but not without crowding out the private sector. A sovereign wealth fund (SWF), combined with a smooth capital spending path, entails the best means of dealing with macroeconomic volatility and maintaining a stable fiscal regime.
Book Synopsis An Analysis of Effective Exchange Rate Changes in Papua New Guinea by : P. A. S. Dahanayake
Download or read book An Analysis of Effective Exchange Rate Changes in Papua New Guinea written by P. A. S. Dahanayake and published by . This book was released on 1982 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Policies by : Papua New Guinea
Download or read book Economic Policies written by Papua New Guinea and published by . This book was released on 1992 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Macro-economic Policy Framework of Papua New Guinea by :
Download or read book The Macro-economic Policy Framework of Papua New Guinea written by and published by . This book was released on 1979 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451831740 Total Pages :98 pages Book Rating :4.8/5 (317 download)
Book Synopsis Papua New Guinea: Selected Issues and Statistical Appendix by : International Monetary Fund
Download or read book Papua New Guinea: Selected Issues and Statistical Appendix written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-03-12 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the workings and effectiveness of the monetary transmission mechanism in Papua New Guinea. The paper is organized as follows: it describes the current institutional structure in Papua New Guinea; interest rate is discussed; the evidence from vector autoregression analysis on the relationship between monetary policy variables and output and prices is considered; finally, implications are included. The Bank of Papua New Guinea (BPNG) uses a reserve money framework to conduct monetary policy operations. A macroeconomic balance approach estimates the REER, which simultaneously achieves internal and external balance.
Book Synopsis Resources Booms and Macroeconomic Adjustments in Developing Countries by : Mamta Banu Chowdhury
Download or read book Resources Booms and Macroeconomic Adjustments in Developing Countries written by Mamta Banu Chowdhury and published by Routledge. This book was released on 2017-11-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chowdhury addresses fundamental issues of policy management in resource-based developing countries, by providing an extension of the existing 'Dutch Disease' theory and its applications to the developing country context. The impact of resources booms is of paramount importance for the developing economies. To date the analytical and empirical investigations of these issues have not been available. Essentially, this study will fill this gap. The book investigates the macroeconomic impact of a resources boom and the long-term growth implications of related policy choices with reference to Papua New Guinea. Like many other primary commodity exporting developing economies, Papua New Guinea experienced several short-lived export booms over the past two and a half decades, providing a fascinating case study of potential gains from resources booms and the accompanying complex problems of policy management. This study also incorporates a comparative study of resources boom and policy management issues between Papua New Guinea, Indonesia and Nigeria.
Book Synopsis Exchange and Markets in Early Economic Development by : John D. Conroy
Download or read book Exchange and Markets in Early Economic Development written by John D. Conroy and published by Berghahn Books. This book was released on 2023-05-12 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea of an informal economy emerged from, and is a critique of, the ideology of ‘economic development’. It originated from Keith Hart’s recognition of informal economic activity in 1960s Ghana. In the context of four colonialisms – German, British, Australian and Dutch – this book recounts Hart’s effort in 1972 to introduce the informal ‘sector’ into development planning in Papua New Guinea. This was problematic, because ‘the market’ was scarcely institutionalized, and traditional modes of exchange persisted stubbornly. Rather than conforming with post-colonial economic ideology, the subjected people pushed back against imposed bureaucracy to practice informal and hybrid modes of economic activity.
Book Synopsis Exchange Rates and Prices by : Jayant Menon
Download or read book Exchange Rates and Prices written by Jayant Menon and published by Springer Science & Business Media. This book was released on 2013-12-11 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to provide an in-depth analysis of the exchange rate pass-through relationship, using Australian imports of manufactures as a case study. The study begins by piecing together the theoretical literature on exchange rate pass-through, to provide the basis for the development of models for the empirical analysis. To place the empirical analysis m comparative context, a critical survey of the existing empirical literature on exchange rate pass-through is then undertaken. This is followed by a review of aspects of the structure and performance of Australian manufacturing that relate to the theme of the study. Next, the data and methodology are discussed. The analysis of exchange rate pass-through is conducted in two stages. First, it seeks to establish the degree to which Australian dollar (AUD) import prices of total manufactures and 50 product categories contained therein have responded to the massive fluctuations in the AUD during the 1980s. This is done by applying an econometric procedure which avoids the pit-falls in previous studies to a carefully assembled data set. Second, the study investigates the determinants of inter-product differences in the degree of exchange rate pass-through. This is done by relating the pass-through coefficients to a series of variables representing foreign control, quantitative restrictions (QRs), product characteristics and market structure within a cross section regression framework.
Book Synopsis Economic Policy Issues and Options in Papua New Guinea by : Desh Gupta
Download or read book Economic Policy Issues and Options in Papua New Guinea written by Desh Gupta and published by . This book was released on 1984 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conference papers on economic development trends, economic policy and prospects in Papua New Guinea - covers economic recession, exchange rate, monetary policy and fiscal policy; studies mining and mineral policy, agricultural policy and fishery policy; discusses wage policy, employment policy, industrial policy, investment policy and infrastructure as well as international, national level and regional level economic relations. References, statistical tables.
Book Synopsis Policy Making and Implementation by : Ronald James May
Download or read book Policy Making and Implementation written by Ronald James May and published by ANU E Press. This book was released on 2009-09-01 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a vast literature on the principles of public administration and good governance, and no shortage of theoreticians, practitioners and donors eager to push for public sector reform, especially in less-developed countries. Papua New Guinea has had its share of public sector reforms, frequently under the influence of multinational agencies and aid donors. Yet there seems to be a general consensus, both within and outside Papua New Guinea, that policy making and implementation have fallen short of expectations, that there has been a failure to achieve 'good governance'. This volume, which brings together a number of Papua New Guinean and Australian-based scholars and practitioners with deep familiarity of policy making in Papua New Guinea, examines the record of policy making and implementation in Papua New Guinea since independence. It reviews the history of public sector reform in Papua New Guinea, and provides case studies of policy making and implementation in a number of areas, including the economy, agriculture, mineral development, health, education, lands, environment, forestry, decentralization, law and order, defence, women and foreign affairs, privatization, and AIDS. Policy is continuously evolving, but this study documents the processes of policy making and implementation over a number of years, with the hope that a better understanding of past successes and failures will contribute to improved governance in the future.
Book Synopsis Effects of COVID-19 and other shocks on Papua New Guinea’s food economy: A multi-market simulation analysis by : Diao, Xinshen
Download or read book Effects of COVID-19 and other shocks on Papua New Guinea’s food economy: A multi-market simulation analysis written by Diao, Xinshen and published by Intl Food Policy Res Inst. This book was released on 2021-02-19 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding how the Papua New Guinea (PNG) agricultural economy and associated household consumption is affected by climate, market and other shocks requires attention to linkages and substitution effects across various products and the markets in which they are traded. In this study, we use a multi-market simulation model of the PNG food economy that explicitly includes production, consumption, external trade and prices of key agricultural commodities to quantify the likely impacts of a set of potential shocks on household welfare and food security in PNG. In this study, we use a multi-market simulation model of the PNG food economy that explicitly includes production, consumption, external trade and prices of key agricultural commodities to quantify the likely impacts of a set of potential shocks on household welfare and food security in PNG. We have built the model to be flexible in order to explore different potential scenarios and then identify where and how households are most affected by an unexpected shock. The model is designed using region and country-level data sources that inform the structure of the PNG food economy, allowing for a data-driven evaluation of potential impacts on agricultural production, food prices, and food consumption. Thus, as PNG confronts different unexpected challenges within its agricultural economy, the model presented in this paper can be adapted to evaluate the potential impact and necessary response by geographic region of an unexpected economic shock on the food economy of the country. We present ten simulations modeling the effects of various shocks on PNG’s economy. The first group of scenarios consider the effects of shocks to production of specific agricultural commodities including: 1) a decrease on maize and sorghum output due to Fall Armyworm; 2) reduction in pig production due to a potential outbreak of African Swine Fever; 3) decline in sweet potato production similar to the 2015/16 El Niño Southern Oscillation (ENSO) climate shock; and 4) a decline in poultry production due to COVID-19 restrictions on domestic mobility and trade. A synopsis of this report, which focuses on the COVID-19 related shocks on the PNG economy is also available online (Diao et al., 2020).1 The second group of simulations focus on COVID-19-related changes in international prices, increased marketing costs in international and domestic trade, and reductions in urban incomes. We simulate a 1) 30 percent increase in the price of imported rice, 2) a 30 percent decrease in world prices for major PNG agricultural exports, 3) higher trade transaction costs due to restrictions on the movement of people (traders) and goods given social distancing measures of COVID-19, and 4) potential economic recession causing urban household income to fall by 10 percent. Finally, the last simulation considers the combined effect of all COVID-19 related shocks combining the above scenarios into a single simulation. A key result of the analysis is that urban households, especially the urban poor, are particularly vulnerable to shocks related to the Covid-19 pandemic. Lower economic activity in urban areas (assumed to reduce urban non-agricultural incomes by 10 percent), increases in marketing costs due to domestic trade disruptions, and 30 percent higher imported rice prices combine to lower urban incomes by almost 15 percent for both poor and non-poor urban households. Urban poor households, however, suffer the largest drop in calorie consumption - 19.8 percent, compared to a 15.8 percent decline for urban non-poor households. Rural households are much less affected by the Covid-19 related shocks modeled in these simulations. Rural household incomes, affected mainly by reduced urban demand and market disruptions, fall by only about four percent. Nonetheless, calorie consumption for the rural poor and non-poor falls by 5.5 and 4.2 percent, respectively.
Book Synopsis Globalization and Papua New Guinea: Ancient Wilderness, Paradise, Introduced Terror and Hell by : Falk Huettmann
Download or read book Globalization and Papua New Guinea: Ancient Wilderness, Paradise, Introduced Terror and Hell written by Falk Huettmann and published by Springer Nature. This book was released on 2023-04-26 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to present a reality view for Papua New Guinea based on many years of first-hand field work and research accounts. It further assesses sustainability in the light of 47,000 years of a self-sustained type of civilization without bad global impacts. This book contrasts the modern sustainable development failures from the colonial times onwards, as promoted by the ‘western world’, namely Australia, the UK, EU and the U.S as well as Japan and now, China, in times of globalization, Trump’ism and royal governance (Papua New Guinea is still part of the British Dominion and of the Antarctic Treaty etc). This assessment and book is the first of its kind also employing modern data analysis, Landscape Ecology principles (patterns and processes, telecoupling) and Geographic Information Systems (GIS) with Open Access data focusing on ecological economics, marxism, socialism and contrasting it with current capitalism and neoliberalism that Papua New Guinea is fully exposed to. Throughout the 31 book chapters various aspects are covered how a further insistence on the ‘new’ Sustainable Development Goals (SDGs) and so-called Development Aid will result in unwanted side effects and perverse outcomes for Papua New Guinea and for the world in times of wider ‘global change’ and unprecedented man-made crisis.