Download or read book The Role of Financial Programming in Macroeconomic Policy Management written by Bruce R. Bolnick and published by . This book was released on 1999 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Model for Financial Programming written by Mr.Jan Giehm Mikkelsen and published by International Monetary Fund. This book was released on 1998-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple simulation model that enables the formulation of a consistent growth-oriented, medium-term adjustment program. The applied version is available in Excel (using data for El Salvador) and can be used directly as a financial programming tool that provides a range of standard IMF performance criteria together with a complete set of consistent accounts for the real, monetary, public, and external sectors of the economy. Medium- and long-term growth considerations are incorporated through a neoclassical production function at the same time as monetary and fiscal policies are adjusted to satisfy the requirements for internal and external balance.
Download or read book Financial Programming and Policy the Case of Turkey Reprint written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-11-30 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: The art of financial programming is a central element in the design of IMF-supported macroeconomic adjustment programs. This volume, edited by Richard Barth and William Hemphill, includes contributions from staff members of the IMF institute and introduces the reader to the concepts and tools of analysis needed to formulate a financial program. The book presents a series of workshops that explain the accounting identities, behavioral relationships, and forecasting techniques that underlie the constuction of a financial program. The workshops use the case of Turkey to illustrate the techniques, and the complete data set for Turkey is included on a diskette (supplied in a back-cover pocket).
Download or read book International Monetary Fund few changes evident in design of new lending program for poor countries report to the Chairman Committee on Foreign Relations U S Senate written by and published by DIANE Publishing. This book was released on with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward a Growth Oriented Model of Financial Programming written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the basic monetary model that underlies the monetary approach to the balance of payments to allow for the endogenous determination of the short-run growth rate of the economy. In the extended model domestic credit expansion affects not only the balance of payments but also the output growth rate, which bears implications for the formulation of credit ceilings. Furthermore, the amount of external financing can influence both the output growth rate and the balance of payments outcome, unlike with the basic model. An integrated treatment of exchange rate adjustment involving both absorption and elasticity effects is provided.
Download or read book Financial Programming and Policy written by S. Rajcoomar and published by International Monetary Fund. This book was released on 1996-05-26 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, by a staff team in the IMF Institute, contains a series of workshops that introduce the process of formulating a hypothetical macroeconomic and structural adjustment program, which is a central element in the financial programming courses offered by the IMF Institute. In addition to elaborating key concepts for the four major sectoral accounts, the workshops are designed to allow the development of a step by step reference scenario for Sri Lanka.
Download or read book Macroeconomic Management written by Mohsin S. Khan and published by International Monetary Fund. This book was released on 2002-04-19 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Management: Programs and Policies edited by Mohsin S. Khan, Saleh M. Nsouli, and Chorng-Huey Wong. 2002. x + 346 pp. ISBN 1-58906-094-6 Since its founding in 1964, the IMF Institute has provided macroeconomic management training to over 20,000 officials from almost all of the International Monetary Fund's 183 member countries-more than 13,000 at IMF headquarters in Washington, and about 8,000 overseas. This volume, edited by Mohsin S. Khan, Saleh M. Nsouli, and Chorng-Huey Wong-respectively Director, Deputy Director, and Senior Advisor in the IMF Institute-compiles some of the analysis that the Institute uses in its macroeconomic training to address key questions that policymakers face in managing their national economies. The chapters, by IMF staff and external economists, cover salient topics in monetary, fiscal, and exchange rate management and show that there are no definitive prescriptions for effective economic policymaking, but rather a range of options, and that any course of policy action has explicit pros and cons.
Download or read book Policy Formulation Analytical Frameworks and Program Design written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-11-24 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of this paper lays out the process of program design and briefly describes some of the analytical tools--including the financial programming framework, the balance sheet approach, and the debt sustainability template--employed by Fund country teams in advising national authorities on policy formulation. The second part of paper seeks to assess how well this process works in practice.
Download or read book Financial Programming and Policies written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The workshop consists of one day of lectures, four and a half days working through a financial programming exercise, and a half-day final session devoted to presentation of the financial programs that the participants have designed. The lectures will: - Provide an overview of the system of macroeconomic accounts in the context of financial programming, with particular emphasis on the interrelations among the accounts. - Discuss the practical steps in the formulation of an internally consistent financial program. In the financial programming exercise, participants will work together in small groups, with each group formulating a financial program for the case-study country under the guidance of an experienced counselor. The main elements of this exercise are: - Developing a baseline scenario assuming no policy changes. - Assessing the adjustment need and setting program objectives. - Determining appropriate policy instruments to achieve the objectives. -Projecting sectoral accounts for the program period based on the objectives and the proposed measures. - Assuring coherence and internal consistency of the program objectives and policy measures. In the final session, each group will make a presentation on its analysis and policy proposals for the country case, followed by a general discussion.
Download or read book Rethinking Macro Policy II written by Mr.Olivier J. Blanchard and published by International Monetary Fund. This book was released on 2013-04-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note explores how the economic thinking about macroeconomic management has evolved since the crisis began. It discusses developments in monetary policy, including unconventional measures; the challenges associated with increased public debt; and the policy potential, risks, and institutional challenges associated with new macroprudential measures. Rationale: The note contributes to the ongoing debate on several aspects of macroeconomic policy. It follows up on the earlier “Rethinking” paper, refining the analysis in light of the events of the past two years. Given the relatively fluid state of the debate (e.g., recent challenges to central bank independence), it is useful to highlight that while many of the tenets of the pre-crisis consensus have been challenged, others (such as the desirability of central bank independence) remain valid.
Download or read book Journal of Ukrainian Studies written by and published by . This book was released on 2003 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Management written by Soumitra Sharma and published by Springer. This book was released on 1996-01-12 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses major macroeconomic policies and issues from theoretical and practical perspective focusing on the link between theory of macroeconomic management policy and its practice in the last few decades. The topics selected here are of persistent interest for those interested in economic policy - theorists and policists.
Download or read book Fiscal Policy and Economic Reforms written by Mario I. Blejer and published by Routledge. This book was released on 2002-09-11 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Macroeconomic Dimensions of Public Finance, this is the second volume of essays in honour of Vito Tanzi. It focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formally communist countries. Issues analyzed include: * the role of fiscal and budgetary policies in the process of reform * the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity * the paradox of post-socialism and post-dirigisme that an efficient and harmonic move to a decontrolled, liberal market economy involves active state intervention * the methodological aspects relating to the proper assessment of fiscal policy mechanisms. This collection of essays contributes to the understanding of the channels and transmissions mechanisms of fiscal policies in the context of major economic reforms.
Download or read book Cameroon written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-12-31 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, the program's macroeconomic targets have been broadly met. The program embodies a renewed emphasis on the non-oil revenue mobilization effort and continuation of a prudent expenditure stance. Reversing the deterioration of the financial operations of the public companies and the utilities is critical. The key objective is strengthening fiscal transparency. Executive Directors welcome the government’s commitment to move forward with the implementation of structural reforms. Close and sustained monitoring, and enhanced coordination within the government, will be critical to the successful implementation of the program.
Download or read book A Practical Model based Approach to Monetary Policy Analysis written by Andrew Berg and published by . This book was released on 2006 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper motivates and describes an approach to forecasting and monetary policy analysis based on the use of a simple structural macroeconomic model, along the lines of those in use in a number of central banks. It contrasts this approach with financial programming and its emphasis on monetary aggregates, as well as with more econometrically driven analyses. It presents illustrative results from an application to Canada. A companion paper provides a more detailed how-to guide and introduces a set of tools designed to facilitate this approach.
Download or read book Macroeconomic Policy Product Market Competition and Growth The Intangible Investment Channel written by Mr.JaeBin Ahn and published by International Monetary Fund. This book was released on 2020-02-07 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital – a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self-financing their investments through rents. Using a rich cross-country firm-level dataset and exploiting heterogeneity in firm-level exposure to the sharp and unforeseen tightening of credit conditions around September 2008, we find strong support for these theoretical predictions. The quantitative implications are large, highlighting a powerful stabilizing role for macroeconomic policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation.
Download or read book Taxation in a Low Income Economy written by Channing Arndt and published by Routledge. This book was released on 2009-03-04 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxation in retrospect -- Household survey evidence -- Enterprise survey evidence -- Comparative perspective -- Institutional design -- VAT and external aid -- Macroeconomic modelling : process and practice -- Forecast quality -- Transmission of prices from the border to domestic markets -- Empirics of evasion -- Mozambique and regional integration -- Trade policy reform and missing revenue -- Taxation and the cost of capital -- Fiscal treatment of mega-projects -- prospects for an electricity tax -- VAT and economy-wide modelling.
