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Fiscal Deficits Monetary Reform And Inflation Stabilization In Romania
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Book Synopsis Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania by : Nina Budina
Download or read book Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania written by Nina Budina and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal problems are a key factor behind the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? A simple framework links debt, the deficit, and inflation to assess the fiscal stance of the Romanian economy.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :151351234X Total Pages :81 pages Book Rating :4.5/5 (135 download)
Book Synopsis Romania by : International Monetary Fund. European Dept.
Download or read book Romania written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-08-30 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Romania discusses that growth in 2019 is expected to stay above potential at 4 percent, led by continued fiscal stimulus and strong wage growth, and be accompanied by further widening of current account and fiscal deficits. The focus of discussions was on actions required to curb the widening imbalances and to re-orient the economy toward investment and sustainable income convergence. It is recommended that Romania take advantage of strong growth and start durable fiscal consolidation underpinned by high-quality measures to rein in the twin deficits and improve the macroeconomic policy mix. The more fiscal policy tightens, the less monetary tightening is needed. The report also advises to modernize revenue administration and improve expenditure efficiency. Reassessment of the new pension law to balance social needs and fiscal sustainability is also important. Rising vulnerability calls for a balanced macroeconomic policy mix built on durable fiscal consolidation. High-quality fiscal consolidation would reduce the burden on monetary policy for macroeconomic stabilization, mitigate external pressure by containing the current account deterioration, and bolster growth potential by improving the balance between consumption and investment.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1475561474 Total Pages :101 pages Book Rating :4.4/5 (755 download)
Book Synopsis Romania by : International Monetary Fund. European Dept.
Download or read book Romania written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2013-07-16 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Romania’s Seventh and Eighth Reviews Under the Stand-by Arrangement and Request for Waiver of Nonobservance of Performance Criteria. Continued strong fiscal consolidation would enable Romania to exit the EU Excessive Deficit Procedure by mid-2013; prudent monetary policy kept core inflation low, and close supervision buttressed banking sector stability. Fiscal and international reserves buffers and a well-capitalized banking sector provide a cushion against shocks. Market sentiment toward Romania improved as political uncertainty subsided in the aftermath of the December 2012 parliamentary elections, which the ruling coalition won. Structural reforms, however, advanced slowly, and the recovery has lagged behind that in most other European emerging economies.
Book Synopsis Stabilization and Reform in Eastern Europe by : Mr.Michael Bruno
Download or read book Stabilization and Reform in Eastern Europe written by Mr.Michael Bruno and published by International Monetary Fund. This book was released on 1992-05-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.
Book Synopsis Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania by : Nina Budina
Download or read book Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania written by Nina Budina and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal problems are a key factor behind the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? A simple framework links debt, the deficit, and inflation to assess the fiscal stance of the Romanian economy.
Book Synopsis Crisis, Stabilization, and Economic Reform by : Michael Bruno
Download or read book Crisis, Stabilization, and Economic Reform written by Michael Bruno and published by Clarendon Press. This book was released on 1993-08-05 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book authoritatively considers the phenomenon of the severe economic crises of the 1970s and 1980s, as exemplified by the combination of high inflation and negative growth in Israel and Latin America. The author analyses the common characteristics of such processes and their possible cures–with a detailed first-hand account of Israeli stabilization policy, and a comparative policy-oriented analysis of Latin American reforms. Professor Bruno also calls on his experience to give a preliminary evaluation of recent stabilizations and reform attempts in several East European economies. The discussion of the theoretical underpinnings of `shock' treatments provides a good example for the blending of a number of disciplines: lessons of economic history; open economy monetary and macro theory; game-theoretic applications to the theory of economic policy design (concepts such as dynamic inconsistency, government reputation, and credibility); and the rationalization of incomes policy. The Clarendon Lectures in Economics were established in 1987. They consist of coherent sets of three or four lectures given by distinguished economists which are accessible to advanced undergraduates and also of interest to academics. Subjects vary from high theory and applications of theory to policy-oriented topics. Lecturers include Professors J.-M. Grandmont, David Kreps, Kenneth Arrow, Angus Deaton, Robert Schiller, and Oliver Hart.
Book Synopsis Romania: Request for a Stand-By Arrangement--Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by Authorities of Romania by :
Download or read book Romania: Request for a Stand-By Arrangement--Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by Authorities of Romania written by and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-11-12 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Romania showed progress in stabilization and reform, facilitated by substantial fiscal and external adjustments, under the Stand-By Arrangement. Executive Directors commended these developments, and emphasized the need to improve fiscal and monetary policies, and accelerate structural reforms. Directors appreciated the authorities' commitment to accelerate European Union accession, and stressed the need for fiscal consolidation, financial discipline in state-owned enterprises, and rapid privatization for reducing inflation and protecting external sustainability. They urged the authorities for the full implementation of the economic program, and approved a Stand-By Arrangement.
Book Synopsis The Romanian Economic Reform Program by : Mr.Dimitri G. Demekas
Download or read book The Romanian Economic Reform Program written by Mr.Dimitri G. Demekas and published by International Monetary Fund. This book was released on 1991-06-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.
Book Synopsis Fiscal Deficits, Monetary Reform and Inflation by : Nina Budina
Download or read book Fiscal Deficits, Monetary Reform and Inflation written by Nina Budina and published by . This book was released on 1996 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effectiveness of Fiscal Policy in Stimulating Economic Activity by : Richard Hemming
Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund
Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Book Synopsis Monetary Policy in Low-Inflation Economies by : David E. Altig
Download or read book Monetary Policy in Low-Inflation Economies written by David E. Altig and published by Cambridge University Press. This book was released on 2009-07-31 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume investigate the challenges of transitioning to lower levels of inflation and conducting monetary policy in low-inflation economies. The essays make both theoretical and empirical contributions.
Book Synopsis Country Reports on Economic Policy and Trade Practices by :
Download or read book Country Reports on Economic Policy and Trade Practices written by and published by . This book was released on 1995 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Country Reports on Economic Policy and Trade Practices by : United States. Congress. Senate. Committee on Foreign Relations
Download or read book Country Reports on Economic Policy and Trade Practices written by United States. Congress. Senate. Committee on Foreign Relations and published by . This book was released on 1998 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Economic Integration: Monetary, fiscal and factor mobility issues by : Miroslav Jovanovic
Download or read book International Economic Integration: Monetary, fiscal and factor mobility issues written by Miroslav Jovanovic and published by Taylor & Francis. This book was released on 1998 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Small Should an Economy's Fiscal Deficit Be? by : Paul Ely Beckerman
Download or read book How Small Should an Economy's Fiscal Deficit Be? written by Paul Ely Beckerman and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: A spreadsheet planning model to help determine the government deficit consistent with a specified vector of country macroeconomic objectives.
Book Synopsis Building Capitalism by : Anders Åslund
Download or read book Building Capitalism written by Anders Åslund and published by Cambridge University Press. This book was released on 2002 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
