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macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and …
Persistent link: https://www.econbiz.de/10009363919
spending cuts and productivity improvements, tax reforms, and asset sales. We find that a policy that reduces the cost of …-targeted spending on infrastructure to deliver long run productivity improvements. Given New Zealands longer term growth challenge, any … fiscal efforts to stabilise the economy and avoid a more severe recession should have productivity at the centre of the …
Persistent link: https://www.econbiz.de/10009363981
, inadequate corporate investment, loss of industrial competitiveness, a slowdown in total factor productivity (TFP) growth due to …) inflation (or deflation) and net investment, the lack of openness to foreign direct investment, and an aged population explain …
Persistent link: https://www.econbiz.de/10011278133
, inadequate corporate investment, loss of industrial competitiveness, a slowdown in total factor productivity (TFP) growth due to …) inflation (or deflation) and net investment, the lack of openness to foreign direct investment, and an aged population explain …
Persistent link: https://www.econbiz.de/10011278189
. Deepening stresses in public finance management c. Unabated price inflation, and d. Increasing pressure on the balance of …
Persistent link: https://www.econbiz.de/10009493315
We present a theoretical framework for policy making based on the “impossible trinity†or the “trilemma†hypothesis. A simple optimization model shows that placing more weight in terms of preference for each of the three open macroeconomic policies—exchange rate...
Persistent link: https://www.econbiz.de/10010857585
An Asian Currency Unit (ACU) index is constructed using an alternative procedure which minimizes a basket or portfolio of assets expressed in terms of national currencies. Using this estimated ACU index and an ACU Deviation Indicator, the main finding of this study based on the current...
Persistent link: https://www.econbiz.de/10011278049
Pegging in a coordinated way to a regional basket currency is considered by many as optimal for east-Asian countries. By contrast, according to existing empirical studies, these countries have most often relied on noncooperative United States dollar or G3 pegs. We show for the first time...
Persistent link: https://www.econbiz.de/10011278050
particularly in emerging economies that later experience an inflation (or potentially a general or a currency) crisis, and …
Persistent link: https://www.econbiz.de/10011278057
Pegging in a coordinated way to a regional basket currency is considered by many as optimal for east-Asian countries. By contrast, according to existing empirical studies, these countries have most often relied on noncooperative United States dollar or G3 pegs. We show for the first time...
Persistent link: https://www.econbiz.de/10011278147