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The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries are affected by the undershooting of the euro area inflation target. To shed light on this issue, we estimate an open-economy, New Keynsian Phillips curve, in which we control for...
Persistent link: https://www.econbiz.de/10010959481
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10010790263
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no …
Persistent link: https://www.econbiz.de/10011242239
and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243046
This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and … Sweden that form the Nordic region share a set of strong economic and social institutions and policies, with emphasis on …
Persistent link: https://www.econbiz.de/10011243412
twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller …
Persistent link: https://www.econbiz.de/10011142060
The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are...
Persistent link: https://www.econbiz.de/10011245374
Staff Report for the 2012 Article IV consultation, prepared by a staff team of the IMF, following discussions that ended on October 2, with the officials of Croatia on economic developments and policies. Based on information available at the time of these discussions, the staff report was...
Persistent link: https://www.econbiz.de/10011245659
This Selected Issues paper is a wide-ranging survey of the conditions for, and obstacles to, the growth in Mexico. It frames the issue of Mexico’s growth record, and presents the paper’s prior assumptions and approach. It highlights the main observations and conclusions emerging...
Persistent link: https://www.econbiz.de/10011245707
This Selected Issues Paper presents an analysis of Belarus-specific conditions and cross-country research, and proposes a roadmap for real-sector reforms. It highlights distortions resulting from the government’s interference in the economy, and presents an overview of economic benefits...
Persistent link: https://www.econbiz.de/10011245717