Release Date: February, 2007

This 2006 Article IV Consultation highlights that economic performance of the Czech Republic strengthened during 2005–06, supported by the expanding capacity of the export-oriented automotive more...

Release Date: February, 2007

The 2006 Article IV consultation underlies policy issues, including fiscal policy, monetary policy, and structural issues of the Republic of Croatia. Although bank restructuring and privatization more...

Release Date: February, 2007

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility for Albania. The outlook for 2007 is positive, with growth projected at 6 percent. These more...

Release Date: February, 2007

This 2006 Article IV Consultation highlights that economic activity in Cyprus has recovered from a relatively weak performance in 2002–03. Declines in interest rates and strong capital inflows more...

Release Date: February, 2007

This 2006 Article IV Consultation highlights that a broad-based economic upturn is under way in Sweden, spurred by strong global growth and supportive fiscal and monetary policies. Private more...

Release Date: February, 2007

This Selected Issues paper analyses the impact that rising energy import prices might have on growth and inflation in Ukraine. The paper examines how rising gas prices might elevate macrofiscal risks more...

Release Date: December, 2006

Propelled by large terms-of-trade gains, GDP growth has accelerated and is running close to potential. The demand pressures associated with the large terms-of-trade gains are reflected in a fast real more...

Release Date: November, 2006

Estonia’s commitment to free markets and prudent financial policies has paid off handsomely. Demand pressures and rapid productivity growth have produced strong wage increases and large more...

Release Date: November, 2006

Economic growth continues to be strong, but inflation has increased substantially. The structural agenda remains focused on further improving tax and customs administration, improving fiscal planning more...

Release Date: November, 2006

France’s economic short-term outlook is positive, and long-term prospects have improved. Fiscal adjustment remains high on the government’s agenda. Tax reforms have improved the more...

Release Date: October, 2006

This paper provides evidence that globalization has dampened inflation in Poland in the last ten years. A broad-based statistical and econometric analysis of financial and household balance sheet more...

Release Date: October, 2006

The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge is to identify one-off inflationary influences, communicate these to the public more...

Release Date: October, 2006

Bosnia and Herzegovina has enjoyed rapid growth and price stability in recent years, but stronger policy ownership, improved policy coordination, and meaningful progress in structural reform are more...

Release Date: October, 2006

The implementation of Georgia’s poverty reduction strategy has proceeded well, with impressive achievements in curbing corruption, improving the business climate, and continued improvement in more...

Release Date: August, 2006

The analysis of inflation developments in Belarus is hampered by widespread price controls. Persistence of common inflation is generally higher than that of actual inflation. Factor analysis assumes more...

Release Date: June, 2006

Economic activity in the Kyrgyz Republic has been buffeted by the political upheaval, and output growth has fallen short of expectations. The program builds on the country’s entrenched fiscal more...

Release Date: October, 2005

This Selected Issues paper analyzes the entrenched inflation in Russia. It presents a possible explanation for the entrenched inflation stating that the Russian economy is facing increasing more...

Release Date: October, 2005

This Selected Issues paper for Iceland reports that it faces a considerably less favorable inflation-output variability trade-off than do Canada or the United States. A number of measures should be more...

Release Date: October, 2005

Iceland's 2005 Article IV Consultation reports that new projects have rekindled rapid growth and the economy is exhibiting signs of overheating, with imbalances evident in inflation, the current more...

Release Date: September, 2003

An important aim of this paper is to take shifts in the long-term anchor in the empirical specifications. The study examines exchange-rate pass-through and external adjustment in the euro area. The more...