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:
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:
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:
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.
Download or read book Papua New Guinea written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2015-11-19 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper provides an overview of financial access and inclusion indicators, related causal factors, and both current and possible reform priorities for on Papua New Guinea (PNG). The paper presents indicators of financial market depth, development, and access for PNG and compares PNG’s performance against that of other countries in the region, at similar levels of development, and beyond. It provides an overview of country-specific challenges facing PNG related to financial inclusion that helps to explain its performance, as well as possible reform priorities in the near term. The government’s current initiatives aimed at promoting financial sector development and inclusion and their preliminary results are also discussed.
Download or read book Stability of Money Demand and Monetary Policy in Papua New Guinea PNG written by Kannapiran Arjunan and published by . This book was released on 2017 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: An error correction model (ECM) is used to study the properties of money demand and to evaluate the appropriate monetary policy in PNG. The study confirms that the determinants of money demand are real GDP, nominal interest and inflation rate. The income elasticity of money demand is very low. The demand for money in PNG was stable during 1979-95, suggesting that the monetary targeting regime by the PNG Central Bank is feasible. However, as PNG proceeds with economic reforms that includes financial sector reform and a floating exchange rate regime, the stability of the demand for money may have to be re-examined periodically. The best approach for conducting the monetary policy in PNG is to target the inflation rate.
Download or read book Policy Options for Papua New Guinea Under Economic Conditions Resulting from the BCL Crisis written by P. A. S. Dahanayake and published by . This book was released on 1990 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
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.
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:
Download or read book Country Economic Review written by and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book Monetary Policy Statement by the Governor of the Bank of Papua New Guinea written by L. Wilson Kamit and published by . This book was released on 2003 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Papua New Guinea Recent Economic Developments written by International Monetary Fund and published by . This book was released on 1998 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Papua New Guinea during 1995-97. The nonmineral sector was characterized by uneven growth. Following a period of slow growth at the time of the Bougainville crisis (1989-90), nonmineral growth began to pick up, averaging 5 1/2 percent during 1991-94. However, nonmineral output declined some 1 percent in 1995 following the onset of the financial crisis in 1994, recovered strongly in 1996 with the restoration of macroeconomic stability, and is estimated to have stagnated in 1997 owing primarily to the impact of adverse weather conditions on agricultural output.
Download or read book Papua New Guinea written by and published by . This book was released on 2014 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context. Papua New Guinea's (PNG) economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. While resource sector activity in 2014--15 will be buoyed by gas production, non-resource sector growth will remain low in 2014 as LNG production has little knock-on effect on the wider economy. Meanwhile, the sharp fiscal expansions of the past three years have significantly reduced fiscal space, and excess demand for foreign exchange has persisted following a large de facto appreciation of the kina after the introduction in early June 2014 of a trading band around the official exchange rate and the requirement for banks to use the band in their transactions with customers. Outlook and risks. The overall growth outlook in the short run is favorable, but it masks weakness in the non-resource sector and employment conditions. Risks to the near-term outlook are increasingly tilted to the downside as global economic weakness could weigh on external demand and commodity prices, with fiscal stimulus limited by the need to ensure debt sustainability. The recent exchange rate measure also heightens risks to the growth outlook as well as to the external position. Policy assessment. A key challenge facing PNG is to maintain fiscal and debt sustainability while pursuing development objectives. Continued macroeconomic and financial stability will also require better management of excess banking system liquidity and exchange rate policy. To meet these challenges, policies should aim to: Consolidate the fiscal position in line with the government's current debt targets through restraining low-impact expenditure and strengthening revenue collection. Improve spending quality, through improved composition and public financial management, and ensure budget integrity in managing public resources. Withdraw excess liquidity held by banks more fully and allow the exchange rate to be more determined by market forces in order to eliminate excess demand for foreign exchange. Accelerate structural reforms, focusing on lowering the cost of doing business, to support non-resource sector growth.
Download or read book Papua New Guinea Critical Development Constraints written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-04-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papua New Guinea's economic growth has outpaced the majority of economies in Southeast Asia and the Pacific since 2007. Its development challenges, however, remain daunting, and it lags behind other countries in the region in terms of per capita income and achievement of the Millennium Development Goals. This raises the question of how the country can make its economic growth high, sustained, inclusive, and broad-based to more effectively improve its population's welfare. This report identifies the critical constraints to these objectives and discusses policy options to help overcome such constraints.
Download or read book World Economic Outlook April 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-04-18 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. Chapter 2 examines how changes in external conditions may affect the pace of income convergence between advanced and emerging market and developing economies. Chapter 3 looks at the declining share of income that goes to labor, including the root causes and how the trend affects inequality. Overall, this report stresses the need for credible strategies in advanced economies and in those whose markets are emerging and developing to tackle a number of common challenges in an integrated global economy.
