| Description |
1 online resource (38 pages) : color illustrations |
| Series |
IMF country report ; no. 13/109 |
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IMF country report ; no. 13/109.
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| Contents |
Cover; Contents; I. Why are Inflation and Inflation Expectations above Target in Uruguay?; A. Background; B. The Monetary Policy Stance; Tables; 1. Interest Rate Rule -- IV GMM Regression; C. Are Inflation Expectations Well Anchored?; D. Disentangling the Underlying Sources of Inflation Dynamics; 2. Are Inflation Expectations Well Anchored?; E. What Can Be Done to Strengthen the Monetary Policy Framework?; 3. Phillips Curve Estimates; F. Conclusions; Annex I. Assessing if Inflation Expectations are Anchored?; References; Figure; 1. Monetary Policy, Exchange Rates, Wage, and Inflation Dynamics |
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4. Summary Statistics of Inflation and its Components5. Individual Countries Inflation Target; 6. Decision Making in Inflation Targeting Central Banks; 7. Accountability and Transparency in Inflation Targeting Central Banks; II. FDI in Uruguay: Recent Trends and Determinants; A. Introduction; B. Stylized Facts; C. Determinants of the Volume of FDI -- How Does Uruguay Compare?; D. Determinants of Sectoral Composition of FDI Inflows; Table; 1.Selected Business Environment Indicators; E. Conclusions; References; Box; 1. Selected FDI projects in Uruguay; Figures |
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1. Uruguay and the region: Foreign Direct Investment2. Business Environment Indicators and FDI; 3a. Institutional/structural variables and FDI composition; 3b. Structural and Macroeconomic variables and FDI composition; 4. Uruguay's relative ranking in selected indicators |
| Summary |
Uruguay's inflation and inflation expectations exceed the inflation target, and the gap has been widening in recent years. To help bring it to the mid-point of the target, Banco Central del Uruguay (BCU) needs to maintain a tightening bias in addition to strengthening its communication. This paper examined the factors behind the composition of FDI flows to Uruguay and suggested that strong institutions and macroeconomic stability have helped attract FDI to the secondary and tertiary sectors. Flexibility of the labor market, financial deepening, and the quality of infrastructure can further this improvement |
| Notes |
Title from PDF title page (IMF Web site, viewed May 8, 2013) |
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"Prepared by Camilo E. Tovar, Camila Perez Marulanda, and Natalia Melgar"--Page 2 of pdf |
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"April 2013." |
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"November 21, 2012"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 15-17) |
| Subject |
Monetary policy -- Uruguay
|
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Inflation (Finance) -- Uruguay
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Inflation (Finance)
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Monetary policy
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Uruguay
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| Form |
Electronic book
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| Author |
Marulanda, Camila Perez.
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Melgar, Natalia.
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International Monetary Fund.
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| ISBN |
9781484309094 |
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148430909X |
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9781484395301 |
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1484395301 |
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