Monetary and Exchange Rate Policy

Monetary policy and the framework in which it operates have profound effects on economic outcomes over both the short and long term and are continually analysed. These effects depend on the exchange rate regime in place and hence form a part of the analytical studies undertaken.
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The usefulness of output gaps for policy analysis

17-Jul-2008

Measures of the gap between actual and potential activity are used frequently as indicators of the economic cycle and play a vital role in the conduct of monetary and fiscal policy. This paper investigates the uncertainty surrounding projections and early outturn estimates of such gaps and evaluates their usefulness for policy making in real time.

OECD Economic Survey of Turkey

17-Jul-2008

Turkey should adopt tougher fiscal rules and reform its labour market to boost its economic performance, according to this new OECD report.

OECD Economic Assessment of South Africa

15-Jul-2008

Prudent macroeconomic policies have driven South Africa’s impressive economic performance over the past decade, but huge problems remain, notably in tackling  unemployment. Policies to strengthen competition and improve education would raise living standards both by helping to realise South Africa’s employment potential and by boosting long-term productivity growth.

Economic Survey of Poland

11-Jun-2008

How to make the recent growth performance more sustainable? How to achieve a better macro-economic policy mix? How to raise work incentives and economic efficiency? How best to stimulate the supply of affordable housing in major cities? How to improve transport infrastructure rapidly?

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Economic Survey of Japan 2008

Economic survey of Japan 2008