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In January 1992, Kazakstan initiated a reform program to move toward market-determined prices. The price liberalization process was characterized by large relative price shifts and an increase in the overall price level toward those observed in market economies. The paper shows how the piecemeal...
Persistent link: https://www.econbiz.de/10014398244
This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...
Persistent link: https://www.econbiz.de/10014398416
Spain has achieved impressive growth in recent years—reflecting favorable competitiveness, and the impact on interest …
Persistent link: https://www.econbiz.de/10014402845
Spain’s economy is facing severe challenges. Financial market tensions increased sharply in the wake of the Greek …
Persistent link: https://www.econbiz.de/10014402943
Persistent link: https://www.econbiz.de/10014404605
sustainability in Spain. The first study discusses how best to ensure fiscal discipline at lower levels of government by examining … the institutional setting and mechanisms that make this task particularly challenging in Spain’s highly devolved political … with the fiscal costs of aging in Spain …
Persistent link: https://www.econbiz.de/10014404710
Spain’s 2007 Article IV Consultation underlies that immediate growth prospects are bright and the central scenario is … the year, and brisk job creation absorbed further increases in female participation and immigration, and inflation …
Persistent link: https://www.econbiz.de/10014404744
This 2002 Article IV Consultation highlights that Spain experienced a second year of subdued growth in 2002—albeit at a … rate still well above the euro area average. This was largely owing to the relative resilience of Spain’s domestic demand …
Persistent link: https://www.econbiz.de/10014406509
for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Spain. The findings reveal that the …
Persistent link: https://www.econbiz.de/10014406875
Spain’s cajas de ahorros (savings banks). It provides an overview of the cajas’ governance structure and analyzes the …
Persistent link: https://www.econbiz.de/10014406903