Ecuador: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 091

Publication date: April 2003

ISBN: 9781451811803

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Public Finance , ISCR , CR , Ecuador , capital stock , deficit , liquidity fund , oil reserve , net capital capital stock , draft law , import regime , OCP constitute FEIREP revenue , Oil , Liquidity , Public sector , Tariffs

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Summary

This Selected Issues paper and Statistical Appendix analyzes Ecuador’s fiscal policy using the concepts of the fiscal stance and fiscal impulse adjusted for movements in the real effective exchange rate. It finds that fiscal policy has been expansionary in 2000 and 2001. The paper shows that the growth of gross fixed investment was relatively strong during the 1970s; thereafter it slowed, particularly in the public sector. The paper also explores the evolution of oil reserves in recent years and the projections for the medium term.