Showing 1 - 10 of 18
Investigates the macroeconomic challenges for low-income countries created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, and then applies this framework to the experience of five relatively well-governed countries that...
Persistent link: https://www.econbiz.de/10014409798
Sound fiscal policies are critical for handling aid volatility as well as for making effective use of scaled-up aid and other flows. By easing resource constraints, these flows allow low-income countries (LICs) to increase spending aimed at enhancing growth and reducing poverty. Effective...
Persistent link: https://www.econbiz.de/10014409856
This paper on the Baltic countries analyzes medium-term fiscal issues related to European Union (EU) and NATO accession … macroeconomic benefits of fiscal adjustment. It also reviews the experience of earlier EU accession countries prior to and after …
Persistent link: https://www.econbiz.de/10014398821
invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics …' remarkable economic success to date and of the fiscal challenges that the Baltics face in joining the EU and NATO. The authors … on theory and empirical evidence. They examine the experience of countries that acceded to the EU earlier-Greece, Ireland …
Persistent link: https://www.econbiz.de/10014401107
the integrated National Reform Programs under the reformed Lisbon process and labor market reforms. Directors welcomed the …
Persistent link: https://www.econbiz.de/10014404458
The staff report on Euro Area Policies highlights cyclical growth developments and risks. The area’s real GDP growth has picked up, responding to strong foreign demand and relaxed financial conditions. The final domestic demand growth remains subdued, and the area lags global growth by a large...
Persistent link: https://www.econbiz.de/10014406476
This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs,...
Persistent link: https://www.econbiz.de/10014406861
The report on the Netherlands on the Observance of Standards and Codes discusses the fiscal transparency module and the Aide-Mémoire regarding the fiscal framework. The roles and responsibilities of and within government are, in general, clearly defined and, in many areas, the Netherlands sets...
Persistent link: https://www.econbiz.de/10014405762
The continuing weakness of activity in the euro area reflects an amalgam of cyclical and long-term forces that are likely to shape the outlook and to challenge policies. Financial conditions in the area have improved along with those in global markets, though financial fragilities may be...
Persistent link: https://www.econbiz.de/10014406180
The paper argues that international differences in fiscal conditions influence the relative attractiveness of locating production facilities in different countries and could prove to be a troublesome source of instability for the European economies. Even though physical capital movements tend to...
Persistent link: https://www.econbiz.de/10014396443