Uruguay : Selected Issues Paper

Author/Editor:

International Monetary Fund

Publication Date:

March 3, 2011

Electronic Access:

Free Full Text (PDF file size is 990 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper estimates cyclically adjusted balances for Uruguay, and discusses methodological and practical implementation issues. In line with standard practice, this paper assumes aggregate fiscal revenue elasticity equal to one. The study also focuses on the cyclically adjusted primary balance, so interest payments are excluded from the analysis. It also estimates Cyclically Adjusted Balances (CABs) for both the consolidated public sector and the general government. The economic development and the credibility of the inflation target are discussed. This study identifies the drivers of the low profitability of Uruguayan banks.

Series:

Country Report No. 11/63

Subject:

English

Publication Date:

March 3, 2011

ISBN/ISSN:

9781455219025/1934-7685

Stock No:

1URYEA2011002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

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