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Searching with a thematic focus on Finance policy, Domestic finance
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Robustly optimal monetary policy
Centre for Economic Performance, London, 2007This paper proposes a monetary policy rule that performs well in a broad range of circumstances. To this end, the author avoids assumptions about the stickiness of prices. A wide range of price-setting models are considered with intrinsic inflation and a targeting rule is constructed that is optimal for all of those models.DocumentA proposed strategy for growth, employment and poverty reduction in Uzbekistan
International Policy Centre for Inclusive Growth, 2007What is an appropriate plan for growth, employment and poverty reduction in Uzbekistan? This paper offers such a strategy. It calls for achieving a rapid and sustainable rate of economic growth based on the expansion of domestic public and private investment. Achieving such an objective entails a heterodox package that involves:DocumentMeasuring and explaining inflation persistence: disaggregate evidence on the Czech Republic
Czech National Bank, Czech Republic, 2007This paper provides an empirical analysis of inflation persistence at the disaggregate level in the Czech Republic from 1994 to 2005. Disaggregated analysis shows that there is an aggregation bias leading to higher aggregate inflation as compared to individual/sectoral price indices.DocumentThe Doing Business Indicators: measurement issues and political implications
International Labour Organization, 2007The Doing Business Report, published by the International Finance Corporation (IFC), ranks 175 countries on the ‘ease of doing business’ a composite index of ten different regulatory areas. This paper examines conceptual and methodological issues, as well as the policy implications of the ‘employing workers’ component of the index.DocumentAn employment-targeted economic program for Kenya
International Policy Centre for Inclusive Growth, 2007The government of Kenya has committed itself to generating half a million new jobs per year at least through 2007. This book argues that low unemployment alone will not solve the problem of very high poverty levels. In this full-length study, authors explore various means to create high-quality employment in Kenya, including:DocumentThe macroeconomic framework and the fight against HIV/AIDS in Africa: the cases of Ghana and Malawi
African Forum and Network on Debt and Development, 2007Have traditional restrictive macroeconomic policies and budget ceilings limited some governments from giving HIV/AIDS the attention it deserves? This paper analyses the links between macroeconomic frameworks provided by the International Financial Institutions (IFIs) and HIV/AIDS social spending in Ghana and Malawi.DocumentThe Taylor rule and the macroeconomic performance in Pakistan
Pakistan Institute of Development Economics, Pakistan, 2007The Taylor rule is a modern monetary policy that defines how much the Federal Reserve should adjust interest rates in response to discrepancies between real Gross Domestic Product (GDP) and potential GDP, as well as divergences of real inflation rates and target inflation rates. This paper examines whether the Taylor rule can improve macroeconomic performance in Pakistan.DocumentState and local pensions are different from private plans
Center for Retirement Research, Boston College, 2007This brief identifies the key differences between employer-sponsored plans in the private and public sectors, including:DocumentPension systems, ageing and the stability and growth pact
CESifo, 2007In anticipation of the rising costs associated with ageing, European countries are reforming their pension systems, by reducing the generosity of pension arrangements, increasing retirement age and switching from pure Pay-As-You-Go (PAYG) pension provision to pre-funding, including reduction of public debt and partial privatisation.DocumentLearning from the Chilean experience: the determinants of pension switching
Pension Research Council, Wharton School, University of Pennsylvania, 2007This working paper examines consumer knowledge about the Chilean pension system, to determine whether financial illiteracy might account for the persistence of market frictions in the pension marketplace. It uses a change in the regulatory rules governing the marketing of Administradoras de Fondos de Pensiones (AFP) in Chile as a case study.Pages
