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Expenditure Rules: Effective Tools for Sound Fiscal Policy?
Cordes, Till; Kinda, Tidiane; Muthoora, Priscilla S.; … - International Monetary Fund (IMF) - 2015
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal...
Persistent link: https://www.econbiz.de/10011242394
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Finland; 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finla...
International Monetary Fund (IMF); International … - 2010
Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in the euro area. Executive Directors encouraged authorities to focus on improving bank cost efficiency, preventing excessive risk taking, and limiting liquidity and funding risks....
Persistent link: https://www.econbiz.de/10011245222
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Germany: Selected Issues
International Monetary Fund (IMF); International … - 2014
Persistent link: https://www.econbiz.de/10011244338
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Germany: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2014
KEY ISSUES Context: ? Germany fundamentals are sound: balance sheets are generally healthy, unemployment is at a … uncertainty (including about future energy costs), and fast approaching adverse demographic changes. ? Germany could do more to … increase its growth, thus strengthening its role as an engine of euro area recovery. Policy recommendations: ? Germany has the …
Persistent link: https://www.econbiz.de/10011245837
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Recent Fiscal Developments in the European Countries of the G-7
Green, J. H.; Habermeier, Karl Friedrich; O'Callaghan, Gary - International Monetary Fund (IMF) - 1994
Persistent link: https://www.econbiz.de/10005605539
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Das Public Kapital: How Much Would Higher German Public Investment Help Germany and the Euro Area?
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2014
Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10011123846
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Trade Linkages, Balance Sheets, and Spillovers; The Germany-Central European Supply Chain
Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2013
Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic … integration which has lead to the development of a dynamic supply chain within Europe—the Germany-Central European Supply Chain … relatively small. This is explained by the supply chain nature of trade integration: final demand in Germany is not necessarily …
Persistent link: https://www.econbiz.de/10011242281
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Germany; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights that Germany’s economic rebound of 2010–11 gave way to weakening momentum during the course of 2012. Although exports to non-European trading partners began to recover by mid-2012, in line with improved prospects in the United States and...
Persistent link: https://www.econbiz.de/10011244067
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Shocks, Financial Dependence, and Efficiency; Evidence From U.S. and Canadian Industries
Estevão, Marcello M.; Severo, Tiago - International Monetary Fund (IMF) - 2011
The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries' dependence on external funding as an identification mechanism, we show that...
Persistent link: https://www.econbiz.de/10009293770
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How Different is the Cyclical Behavior of Home Production Across Countries?
Kose, M. Ayhan; Blankenau, William - International Monetary Fund (IMF) - 2006
, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a …
Persistent link: https://www.econbiz.de/10005825641