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Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
Autore Iossifov Plamen
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 57 p. : ill
Altri autori (Persone) TakebeMisa
ZhanZaijin
KinoshitaNoriaki
YorkRobert
Collana IMF Working Papers
Soggetto topico Monetary policy - Africa, Central
Monetary unions - Africa, Central
Banks and banking - Africa, Central
Investments: Energy
Macroeconomics
Public Finance
Taxation
Fiscal Policy
Business Taxes and Subsidies
Energy: General
National Government Expenditures and Related Policies: General
Public finance & taxation
Investment & securities
Fiscal stance
Fiscal policy
Oil, gas and mining taxes
Oil
Expenditure
Petroleum industry and trade
Expenditures, Public
ISBN 1-4623-9309-8
1-282-84492-X
9786612844928
1-4519-4202-8
1-4527-5611-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910788222703321
Iossifov Plamen  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
Improving Surveillance Across the CEMAC Region / / Plamen Iossifov, Misa Takebe, Zaijin Zhan, Noriaki Kinoshita, Robert York
Autore Iossifov Plamen
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 57 p. : ill
Disciplina 332.4;332.496751
Altri autori (Persone) TakebeMisa
ZhanZaijin
KinoshitaNoriaki
YorkRobert
Collana IMF Working Papers
Soggetto topico Monetary policy - Africa, Central
Monetary unions - Africa, Central
Banks and banking - Africa, Central
Investments: Energy
Macroeconomics
Public Finance
Taxation
Fiscal Policy
Business Taxes and Subsidies
Energy: General
National Government Expenditures and Related Policies: General
Public finance & taxation
Investment & securities
Fiscal stance
Fiscal policy
Oil, gas and mining taxes
Oil
Expenditure
Petroleum industry and trade
Expenditures, Public
ISBN 1-4623-9309-8
1-282-84492-X
9786612844928
1-4519-4202-8
1-4527-5611-2
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Intro -- Contents -- Executive Summary -- I. Introduction -- II. Institutional Background and Features -- A. Macroeconomic Policies in the CEMAC Region -- B. Policy Coordination and Surveillance -- III. Improving the Measures of Fiscal Surveillance -- A. Fiscal Policy Objectives and Indicators -- B. Indicators of Policy Stance and Policy Change -- C. Indicators of Sustainability -- D. Implications for Fiscal Surveillance -- IV. External Shocks and the Convergence Criteria -- A. External Shocks and Growth -- B. The Efficacy of Fiscal Policies in Mitigating Shocks -- C. Implications for Regional Surveillance -- V. External Stability Considerations and Regional Surveillance -- A. Consistency of the CEMAC Fiscal Convergence Criteria with External Stability -- B. The Desirability of a Foreign Reserves Target -- C. Long-run Considerations in Regional Surveillance -- VI. Summary and Policy Implications -- Boxes -- 1. Brief Economic History of the Central African CFA Zone -- 2. Overview of the Optimum Currency Area Literature -- 3. BEAC Monetary Programming -- 4. Characteristics of Oil Revenue in the CEMAC -- 5. CEMAC Convergence Criteria -- 6. Fiscal Stance and Fiscal Impulse -- 7. The Primary Gap Measure -- 8. Constant Fiscal Expenditure Rule for Oil Producing Countries -- 9. Measuring the Impact of Exogenous Shocks on the Non-oil Economy -- 10. Measuring the Impact of Counter-Cyclical Fiscal Policies on the Non-oil Economy -- Tables -- 1. CEMAC Fiscal Developments and the Fiscal Convergence Criteria, 1998-2008 -- 2. A Comparison of CEMAC Fiscal Indicators, 2000-08 (in percent of GDP) -- 3. A Comparison of CEMAC Fiscal Indicators, 2000- -- 4. Primary Gap Measures Across the CEMAC, 1998-2008 -- 5. CEMAC Long-term Macroeconomic Assumptions -- 6. CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-48.
7. Real Non-oil GDP Growth in CEMAC Countries, 1980-2008 -- 8. Correlation of Real GDP Growth Among CEMAC Countries, 1980-2008 -- 9. Triggers of Recessions in CEMAC Countries, selected periods -- 10. Correlation Between Non-oil Real GDP and External Factors, 1980-2008 -- 11. Correlation Between GDP, Public Expenditure, and Non-oil Revenue -- 12. Average Share of Non-oil Revenue and Expenditure in Non-oil GDP, 1980-2008 -- 13. Variance Decomposition of Real GDP by Types of Shocks -- 14. CEMAC Share of Oil Revenue in Total Revenue and Correlation Between Fiscal and External Balances -- 15. CEMAC Currency Coverage Ratio, 2000-08 -- 16. CEMAC Gross Official Reserves, 2000-08 -- Figures -- 1. CEMAC Real and Fiscal Developments, 1969-2008 -- 2. CEMAC Terms of Trade and Balance of Payments Developments, 1969-2008 -- 3. CEMAC Net International Reserve Coverage of Imports, 1995-2008 -- 4. CEMAC Fiscal Policy and Procyclicality vis-à-vis Oil Revenue, 1980-2008 -- 5. Nominal and Real Crude Oil (Spot) Prices, 1970-2014 -- 6. CEMAC Non-oil Real GDP Growth and the Fiscal Impulse, 1995-2008 -- 7. CEMAC External Debt and the Primary Gap, 1998-2008 -- 8. CEMAC Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-13 -- 9. CEMAC Sensitivity of the Sustainable Non-oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13 -- 10. Terms of Trade and Real Effective Exchange Rates, 1980-2008 -- 11. Impulse Response of Output to a One Standard Deviation Change in Terms of Trade and Real Effective Exchange Rate Shocks -- 12. Impulse Response of Output to a One Standard Deviation Change in Revenue and Spending Shocks -- 13. CEMAC Overall Fiscal Balance and External Current Account Balance, 1996-2008 -- 14. CEMAC Countries Overall Fiscal Balance and External Current Account Balance, 1996-2008.
15. CEMAC Foreign Assets of BEAC and Government Deposits at BEAC, 1995-2008 -- Appendix -- Linkages Between Fiscal and Monetary Policies in a Non-Renewable Resource Producer under a Fixed Exchange Rate -- References.
Record Nr. UNINA-9910829093903321
Iossifov Plamen  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui