Uruguay: Selected Issues

May 8, 2013

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Format: Chicago

Uruguay: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 21, 2024

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.

Subject: Balance of payments, Central bank policy rate, Consumer price indexes, Financial services, Foreign direct investment, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Africa, Central bank policy rate, Consumer price indexes, CR, Europe, FDI allocation, FDI decision, FDI flow, Foreign direct investment, Global, Inflation, Inflation dynamics, Inflation expectation, Inflation targeting, ISCR, Uruguay

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/109
Stock No:

1URYEA2013002
ISBN:

9781484395301
ISSN:

1934-7685

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