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Canada’s macroeconomic and policy performance has continued to outshine most other industrial countries, and its outlook remains favorable. The new government has pledged to maintain the strong social consensus in favor of fiscal surpluses, while aiming at enhancing incentives. The new...
Persistent link: https://www.econbiz.de/10011243614
Traditionally, the impacts of the rights of financial institutions and workers on corporate performance have been analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects a firm overall performance. Using U.S. state level and...
Persistent link: https://www.econbiz.de/10005825652
Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within … particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment … provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on …
Persistent link: https://www.econbiz.de/10005826565
Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of...
Persistent link: https://www.econbiz.de/10008542982
This paper develops a model of the process of reallocation of labor from the state sector to the private sector. When … growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is …
Persistent link: https://www.econbiz.de/10005599418
size to set up a quasi-experiment and data from the French labor force survey, we show that the law constrained the choice …
Persistent link: https://www.econbiz.de/10005599717
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
implementation of substantial structural reforms, in particular the authorities’ planned reforms in labor markets, the investment …
Persistent link: https://www.econbiz.de/10011244994
Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In this regard, adopting a fully fledged medium-term fiscal framework can help assess...
Persistent link: https://www.econbiz.de/10011245026
This paper on Romania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on September 13, 2012. The views expressed in this...
Persistent link: https://www.econbiz.de/10011245066