Showing 1 - 10 of 1,551
As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial...
Persistent link: https://www.econbiz.de/10014408645
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
This paper reviews the recent growth experience of the Greek and Portuguese economies and their determinants, comparing …-section regressions are used to estimate how changes in economic policies and structural reforms have been translated into growth during … 1980–99. These estimates help to explain the slow growth performance of the Greek economy from 1980 up to the mid-1990s …
Persistent link: https://www.econbiz.de/10014407303
The paper documents institutional reforms that have taken place in the government debt markets of many industrial countries since the early 1980s, and investigates the impact of three key changes: (i) the move from relationship financing to market funding; (ii) the introduction of options; and...
Persistent link: https://www.econbiz.de/10014401655
This Selected Issues paper analyzes euro area policies and discusses the implications of the 2007–08 financial sector turbulence for real economic activity. It examines the linkages between the financial and real sectors in the euro area. The paper discusses the European Central Bank’s (ECB)...
Persistent link: https://www.econbiz.de/10014402543
To reduce the negative effects of a bank-lending crunch on economic activity, adequate credit provision should be ensured. Further bank recapitalization, restructuring and consolidation of the banking sector, and regulatory reform decisions will reduce uncertainty. A long-lasting configuration...
Persistent link: https://www.econbiz.de/10014403552
This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a shift away from pre-crisis standards of best funding...
Persistent link: https://www.econbiz.de/10014403688
The paper discusses the purpose, properties, and theoretical foundations of various indicators of inflation and also describes the forecasting methodology and performance of these indicators. It reviews the successful European labor market reform experiences and analyzes regulatory and...
Persistent link: https://www.econbiz.de/10014404360
financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact …
Persistent link: https://www.econbiz.de/10014404458
This Selected Issues paper on Euro Area Policies underlies global rebalancing of accounts. From a growth …-accounting perspective, slower growth in the capital-labor ratio seems to be the main driver behind the deceleration in labor productivity …
Persistent link: https://www.econbiz.de/10014404716