Showing 1 - 10 of 38
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits...
Persistent link: https://www.econbiz.de/10014399872
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
Five years after the global financial crisis, the severe tensions and risks rooted last year in some of the 'Systemic five' (S5)-China, euro area, Japan, United Kingdom, United States--have abated but all five are still operating below potential, id est, they are not contributing to global...
Persistent link: https://www.econbiz.de/10014410440
Spillover reports examine the external effects of domestic policies in five systemic economies (S5), comprising China, the Euro Area, Japan, the United Kingdom, and the United States. The report aims to provide an added perspective to the policy line developed in the Article IV discussions with...
Persistent link: https://www.econbiz.de/10014410532
Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy at this juncture. Two key trends are highly relevant here. First, signs of self-sustaining recovery in some advanced...
Persistent link: https://www.econbiz.de/10014410571
Framework (LIC DSF) to assess Zambia's current debt situation. Debt burden indicators have deteriorated considerably since the …-be-disbursed loans place Zambia's public debt on an unsustainable path under current policies while budget expenditure arrears have risen …. Zambia's debt-carrying capacity has also weakened with its FX reserves' import coverage declining from 4.7 months in 2015 to …
Persistent link: https://www.econbiz.de/10012646585
Zambia’s 2005 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility are discussed … insolvent nonbank financial institutions, and the privatization of the Zambia National Commercial Bank …
Persistent link: https://www.econbiz.de/10014402851
Zambia’s strong macroeconomic performance and budget execution. High copper prices and extensive debt relief helped to … strengthen Zambia’s external position and allowed it to build up international reserves. The structural agenda will continue to …
Persistent link: https://www.econbiz.de/10014403121
Zambia’s strong performance continues under the Extended Credit Facility-supported program. All but one of the … increase growth further by creating fiscal space for expenditures that would enhance economic diversification and reduce Zambia …
Persistent link: https://www.econbiz.de/10014403139
This paper examines Zambia’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF …
Persistent link: https://www.econbiz.de/10014404779