This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The paper uses vector autoregressive analysis to explore the interlinkages among competitiveness, exports, economic growth, and fiscal performance. The emerging conclusion is that...

Рассматривается актуальность формирования новых макроэкономических моделей посткри-зисного развития национальной экономики и экономики регионов. Отмечается,...

This paper considers the relevance of the formation of new macroeconomic models of post-crisis development of the national economy and regional economy. It is noted that there is not just a set of models of national economies and a set of methodological approaches to its modeling. Formation of...

A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the banking system. Do crisis response strategies that commit more fiscal resources lower the economic costs of crises? Based on evidence from a sample of 40 banking crises we find...

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED)...

This paper investigates the medium-term behavior of output following banking crises, and its association with pre- and post-crisis conditions and policies. We find that output tends to be depressed substantially following banking crises, with no rebound to the precrisis trend. However, growth...

This Selected Issues paper for Thailand highlights the effect of higher global interest rates on Thailand and the relationship between financial crises and long-term potential growth. Since the Asian crisis, Thailand has adopted an inflation targeting regime, and has intervened in the foreign...

The paper describes basic features of the economic crisis and what impacts the crisis has upon municipalities. To overcome the crisis, the transition to the new domestic economy based on principles of thrift, rational consumption, new economic thinking, introduction of innovations and higher...