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jonathan mr ostry

Showing 1 - 12 of 18 results for “jonathan mr ostry
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  • Japan's Lost Decade: Policies for Economic Revival

    Japan’s weak economic performance in the 1990s has had implications not only for its own people, but for the world economy more generally, given Japan’s importance as a trading partner and supplier of capital. Therefore, it is essential that Japan unlock its growth potential. The IMF has worked with the Japanese authorities to identify the policies needed to bring Japan’s economy out of its recent ... Read more

    $10.79 USD

  • Capital Inflows: The Role of Controls

    Series Book 2010 - IMF Staff Position Notes
    With the global economy beginning to emerge from the financial crisis, capital is flowing back to emerging market countries (EMEs). These flows, and capital mobility more generally, allow countries with limited savings to attract financing for productive investment projects, foster the diversification of investment risk, promote intertemporal trade, and contribute to the development of financial ... Read more

    $4.99 USD

  • Fiscal Space

    Series Book 2010 - IMF Staff Position Notes
    In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their hypothesis is that, when debt is in a moderate range, its dynamics are sustainable in the sense that increases in debt elicit sufficient increases in primary fiscal balances to stabilize the debt-to-GDP ratio. At high debt levels, however, the dynamics may turn unstable, and the debt ... Read more

    $4.99 USD

  • Primary Surpluses and sustainable Debt Levels in Emerging Market Countries

    Series Book 05 - IMF Policy Discussion Papers
    This paper aims to put some constraints on the way primary surpluses are projected when making assessments of public debt sustainability. Projections should be tied either to the country's historical track record in generating surpluses-if the institutional and other factors accounting for this track record are expected to persist-or to some model that links primary surpluses to their fundamental ... Read more

    $6.99 USD

  • When Should Public Debt Be Reduced?

    Series Book 15 - IMF Staff Discussion Notes
    What considerations should guide public debt policy going forward? Should debt be reduced to achieve normative anchors (such as 60 percent of GDP), should it be increased further to finance a big public investment push, or should the existing debt be serviced forever? We argue that, for countries with ample fiscal space (little risk of encountering a fiscal crisis), raising distortive taxes merely ... Read more

    $4.49 USD

  • Managing Capital Inflows: What Tools to Use?

    Series Book 11 - IMF Staff Discussion Notes
    A staff policy note on the above topic is under preparation, and the target delivery date is December 2010. The note will look at a number of issues, including: possible tensions between the prudential case for capital controls and the macroeconomic case; the role of capital controls and other prudential regulations in limiting the risks associated with the boom-bust cycle in capital flows (and ... Read more

    $4.99 USD

  • Multilateral Aspects of Managing the Capital Account (EPub)

    Series Book 12 - IMF Staff Discussion Notes
    The financial crisis has again brought home the profound financial linkages across countries, often manifest in highly volatile capital flows. This volatility has prompted interest in possible rules of the road to guide policies in both source and recipient countries. This note discusses the analytical underpinnings, and possible contours, of such rules. While a series of discussion notes have ... Read more

    $4.49 USD

  • Inequality and Unsustainable Growth: Two Sides of the Same Coin?

    Series Book 11 - IMF Staff Discussion Notes
    This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duration of growth spells and a range of macro/policy/institutional factors. This paper is designed to be more accessible, more policy oriented, and focused squarely on the issue of inequality and the ... Read more

    $4.49 USD

  • Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies

    Series Book 12 - IMF Staff Discussion Notes
    This note examines the costs and benefits of using two policy instruments—the policy interest rate and sterilized foreign exchange market intervention—in emerging market economies (EMEs) seeking both low inflation and to avoid excessive volatility in exchange rates. The financial crisis has taught us that policymakers need to deliver more than stable consumer prices to achieve sustained and stable ... Read more

    $4.49 USD