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Macroeconomic and fiscal challenges faced by the Southern and Eastern Mediterranean region

Dabrowski, Marek - CASE-Center for Social and Economic Research - 2014

The current fiscal imbalances and fragilities in the Southern and Eastern Mediterranean countries (SEMC) are the result of decades of instability, but have become more visible since 2008, when a combination of adverse economic and political shocks (the global and European financial crises, Arab...

Persistent link: https://www.econbiz.de/10010857964

Macroeconomic Preconditions of the Realization of a New Growth Model

Drobyshevsky, Sergey; Sinelnikov-Murylev, Sergey - CASE-Center for Social and Economic Research - 2013

The model of the Russian economy that was formed in the 2000s does not match a new stable growth path, though it helped to calmly overcome the crisis of 2008 and 2009. The state needs to provide stability in the fields under its direct control, i.e. the budgetary and monetary policies. In the...

Persistent link: https://www.econbiz.de/10010901986

Fiscal and Monetary Policy Determinants of the Eurozone Crisis and its Resolution

Dabrowski, Marek - CASE-Center for Social and Economic Research - 2012

Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....

Persistent link: https://www.econbiz.de/10010625526

Challenges and Trajectories of Fiscal Policy and PFM Reform in CEE/CIS

DABROWSKI, Marek; Andjelkovic, Branka; Chubrik, Alexander; … - CASE-Center for Social and Economic Research - 2010

The purpose of this study is to provide an overview of fiscal policies and PFM reforms in 7 countries in the Western Balkans and 12 countries in the CIS, including major macroeconomic and poverty trends, fiscal policy, the size and role of the public sector, public expenditure management and its...

Persistent link: https://www.econbiz.de/10008492721

The Bail-Out! Positive political economics of Greek-type crises in the EMU

Fahrholz, Christian; Wojcik, Cezary - CASE-Center for Social and Economic Research - 2010

analysis suggests that, given EMU’s present political-economic set-up, i) the bail-out was unavoidable, ii) the lengthy process … with a future moral hazard problem. Based on our analysis, we suggest that the EMU’s institutional design could be improved … negotiation processes as well as the conditions and parameters on which the scope and limits of fiscal redistribution in EMU …

Persistent link: https://www.econbiz.de/10010901988

Public Expenditures on Education and Health in Belarus before and during the Global Crisis

Kruk, Dmitrij; Shymanovich, Gleb - CASE-Center for Social and Economic Research - 2011

The paper deals with the impact of the global financial crisis on public service delivery - mainly education and healthcare - in Belarus. The pre-crisis period of 2003-2008 was the most prosperous in recent history. These trends resulted in a pretty good fiscal performance. Nevertheless, the...

Persistent link: https://www.econbiz.de/10009216771

The Impact of the Global Financial Crisis on Public Expenditures on Education and Health in the Economies of the Former Soviet Union

Chubrik, Alexander; Mogilevsky, Roman; Sinitsina, Irina; … - CASE-Center for Social and Economic Research - 2011

This paper provides an overview of public expenditures on education and healthcare in Belarus, Georgia, Kyrgyzstan, Moldova, Russia, Ukraine and some other countries of the former Soviet Union before and during the global financial crisis. Before the crisis, the governments of these countries...

Persistent link: https://www.econbiz.de/10009220630

The Impact of the Global Financial Crisis on Education and Healthcare in the Economies of the Former Soviet Union – the Case of Moldova

Cainarean, Nina; Veverita, Eugenia; Veverita, Petru - CASE-Center for Social and Economic Research - 2011

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova. It provides a background of the country’s development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country’s fiscal...

Persistent link: https://www.econbiz.de/10009226010

Public Expenditures on Education and Health in the Kyrgyz Republic before and during the Global Crisis

Mogilevsky, Roman - CASE-Center for Social and Economic Research - 2011

This paper analyses the public finance performance and the dynamics of government expenditures on education and health in the Kyrgyz Republic in 2007- 2010, when the country was hit by the global economic crisis and then by an internal political crisis in 2010. Despite these crisis conditions,...

Persistent link: https://www.econbiz.de/10009147820

Fiscal policy in the EU in the crisis: a model-based approach

Székely, István P.; Roeger, Werner; Veld, Jan in 't - CASE-Center for Social and Economic Research - 2011

This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...

Persistent link: https://www.econbiz.de/10008876575