Australia: Basel II Implementation Assessment PDF (Adobe DRM) download by International Monetary Fund

Australia: Basel II Implementation Assessment

INTERNATIONAL MONETARY FUND
Publication date: March 2005
ISBN: 9781455204328
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$18.00
Our price:
$13.99

You save: $4.01 (22%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!
The paper analyzes Chile's structural balance fiscal rule in the face of copper price shocks originating in foreign copper demand. It uses a version of the IMF's Global Integrated Monetary and Fiscal Model (GIMF) that includes a copper sector. Two results are obtained. First, Chile's current fiscal rule performs well if the policymaker puts a small weight on output volatility (relative to inflation volatility) in his/her objective function. A more aggressive countercyclical fiscal rule can attain lower output volatility, but there is a trade-off with (somewhat) higher inflation volatility and (much) higher volatility of fiscal variables. Second, given its current stock of government assets, Chile's adoption of a 0.5% surplus target starting in 2008 is desirable from a business cycle perspective. This is because the earlier 1% target would have required significant further asset accumulation that could only have been accomplished at the expense of greater volatility in fiscal instruments and therefore in GDP.
Please sign in to review this product.
Format:
Devices:
Australia: Basel II Implementation Assessment PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
416 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.
Other books by International Monetary Fund
Central African Republic: 2011 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by t ePub (Adobe DRM) download by International Monetary Fund
Central African Republic: 2011 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by t
International Monetary Fund
INTERNATIONAL MONETARY FUND, August 2012
ISBN: 9781475505887
Format: ePub
List Price: $9.00 Our price: $6.99
Paraguay: Staff Report for the 2012 Article IV Consultation ePub (Adobe DRM) download by International Monetary Fund
Paraguay: Staff Report for the 2012 Article IV Consultation
International Monetary Fund
INTERNATIONAL MONETARY FUND, August 2012
ISBN: 9781475506303
Format: ePub
List Price: $9.00 Our price: $6.99
Paraguay: Selected Issues ePub (Adobe DRM) download by International Monetary Fund
Paraguay: Selected Issues
International Monetary Fund
INTERNATIONAL MONETARY FUND, August 2012
ISBN: 9781475506310
Format: ePub
List Price: $9.00 Our price: $6.99
Algeria: 2011 Article IV Consultation - Staff Report; Public Information Notice ePub (Adobe DRM) download by International Monetary Fund
Algeria: 2011 Article IV Consultation - Staff Report; Public Information Notice
International Monetary Fund
INTERNATIONAL MONETARY FUND, May 2012
ISBN: 9781475503609
Format: ePub
List Price: $9.00 Our price: $6.99