Showing 1 - 10 of 1,543
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10014396933
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a …
Persistent link: https://www.econbiz.de/10012676977
The EU is deliberating the introduction of an explicit ""European mandate"" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given...
Persistent link: https://www.econbiz.de/10014404295
This paper reviews the recent growth experience of the Greek and Portuguese economies and their determinants, comparing it with the rest of the euro area as well as a large set of other economies. Estimates from fixed effects panel and cross-section regressions are used to estimate how changes...
Persistent link: https://www.econbiz.de/10014407303
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 examines the impact of the opening up of Eastern Europe and the Former Soviet Union on Western Europe. The …
Persistent link: https://www.econbiz.de/10014397277
Europe is facing slower growth as a result of protracted financial turbulence and spillovers from the U.S. Meanwhile … risks to real activity with the need to anchor inflation. Emerging Europe is well placed to continue to grow, albeit at a …
Persistent link: https://www.econbiz.de/10012673975
implications of current policies for future public finances. This could be problematic, including in the case of Europe, where …, even in excess of its GDP level, and is projected to worsen further over time. This suggests that Europe’s current policies …
Persistent link: https://www.econbiz.de/10014402857
Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand...
Persistent link: https://www.econbiz.de/10014408561