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This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the...
Persistent link: https://www.econbiz.de/10014401002
The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue decline from the downturn in commodity and asset prices, are leading to sharp...
Persistent link: https://www.econbiz.de/10014404400
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
This Selected Issues paper analyzes the conduct of fiscal policy in Spain, made topical by the entry into effect of the …
Persistent link: https://www.econbiz.de/10014407118
Spain’s housing boom was supported by rapid economic expansion, strong employment growth, an immigration boom, and low …
Persistent link: https://www.econbiz.de/10014405808
Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness …. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to … plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain …
Persistent link: https://www.econbiz.de/10014406243
This Selected Issues paper and Statistical Appendix constructs an index of human capital for the Spanish labor force over 1977–97, and projects it over the next decade on the basis of likely demographic developments. The methodology by which the index is constructed considers both educational...
Persistent link: https://www.econbiz.de/10014397848
Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject … reforms, such as those recently implemented, of employment protection and collective bargaining could help improve Spain …
Persistent link: https://www.econbiz.de/10014398566
The general government in Spain is composed of the State (central) government, the social security system, 17 regional …
Persistent link: https://www.econbiz.de/10014402123
speed of adjustment to regional labor demand shocks in Spain. The paper argues that, under present labor market arrangements …
Persistent link: https://www.econbiz.de/10014398053