Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...

The WAEMU has, so far, demonstrated strong resilience to the Covid crisis. The economic rebound that started in the second half of 2020 firmed up in 2021, while fiscal and monetary policies remained supportive. External reserves have risen to comfortable levels and the financial system appears...

After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal...

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...

A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on...

Opening remarks / Boštjan Jazbec, Giovanni Dell'Ariccia -- Panel 1, The coordination of monetary and fiscal policy principles and practical experience / chair: Nikolay Gueorguiev ; lead speaker: Steven Phillips ; panellists: Jan Smets, Lars Rohde, Dimitar Bogov, Nerses Yeritsyan -- Panel 2....