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—France, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly …
Persistent link: https://www.econbiz.de/10014407076
Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain) …
Persistent link: https://www.econbiz.de/10014407227
that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …
Persistent link: https://www.econbiz.de/10014403602
Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...
Persistent link: https://www.econbiz.de/10014400820
claims in Italy as a key way to improve the environment for sustaining economic growth. There has been considerable interest … in the possibility of introducing a comprehensive wealth tax in Italy, reflecting the public resistance to spending …
Persistent link: https://www.econbiz.de/10011243825
This paper reviews economic developments in Italy during 1995–96. The performance of the Italian economy in 1996 was … marginally, for the third consecutive year. The paper shows that during Italy’s economic cycle in 1992–96, key macroeconomic …
Persistent link: https://www.econbiz.de/10014397194
This Selected Issues paper describes stylized facts, institutions, and directions for reform in the Italian labor market. The paper examines developments in aggregate features of the labor market. It highlights that during the latest cyclical recovery, total employment has remained stagnant and...
Persistent link: https://www.econbiz.de/10014397398
monetary sector. It also reviews empirical evidence on money demand in Italy, and the combination of cyclical and structural …
Persistent link: https://www.econbiz.de/10014397681
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014397739
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10014398942