Uruguay: 2012 Article IV Consultation

International Monetary Fund

No 2013/108, IMF Staff Country Reports from International Monetary Fund

Abstract: Uruguay’s near-term outlook is positive, but with risks and policy challenges. Medium-term challenges include bolstering the economy’s resilience to shocks and fostering productivity growth. Inflation is a priority and monetary policy cannot fight inflation alone; concerted efforts on other fronts are also necessary. Near-term fiscal policy could better support monetary policy. A long-term policy challenge is to bolster growth prospects and reduce output volatility. The political cycle should be propitious for continued sound policies and progress with reforms.

Keywords: ISCR; CR; inflation expectation; Inter-American Development Bank; consumer price index; center; Tackling inflation; monetary policy space; price shock; currency appreciation; fiscal policy; capital market; output gap; foreign currency; central bank bank paper; financial system; net loan; base period; Inflation; Reserve requirements; Capital inflows; Inflation targeting; Global; Europe (search for similar items in EconPapers)
Pages: 60
Date: 2013-05-08
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=40488 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2013/108

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().