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The striking turnaround in the Netherlands' economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and...
Persistent link: https://www.econbiz.de/10014411076
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federal government. In recent years, many states and municipalities have been struggling with high debt or severe liquidity …
Persistent link: https://www.econbiz.de/10012391219
Major budgeting reforms have been initiated in a number of OECD countries in recent years. These reforms focus on giving spending agencies greater flexibility in using resources, in exchange for holding them responsible for achieving results. This publication examines how five Member countries...
Persistent link: https://www.econbiz.de/10012444235
Although Tamil Nadu's public financial management has been characterized by strong fiscal discipline to date, risks and challenges are emerging. The State has largely observed the Fiscal Responsibility Act targets on debts and deficit (25 percent and 3 percent to GSDP, respectively) except...
Persistent link: https://www.econbiz.de/10012250440
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Despite a more favorable external environment, marked by the rebound in global growth, fast-increasing oil prices, and unprecedented Fund financial support, CEMAC is ending 2021 in a fragile external position. Net external reserves fell throughout 2021 to reach their lowest level in decades, and...
Persistent link: https://www.econbiz.de/10013169194
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system and private savings in Italy -- Do the elderly dissave in Japan? -- On robust monetary policy -- The euro and the … transmission of monetary policy -- Monetary and fiscal policy in a liquidity trap -- A three-factor yield curve model : non … account -- Land prices and business fixed investment in Japan -- Rationality, behavior and switching idiosyncracies in the …
Persistent link: https://www.econbiz.de/10011851839
This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks,...
Persistent link: https://www.econbiz.de/10011851237