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This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The...
Persistent link: https://www.econbiz.de/10005825203
This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a...
Persistent link: https://www.econbiz.de/10005826202
Using unobserved stochastic components and Kalman filter techniques, the paper assesses the relative importance of transitory and permanent shifts in Italian real GDP within a production function framework. Evidence suggests that the increase in hours worked that has accompanied pension and...
Persistent link: https://www.econbiz.de/10005605077
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends …
Persistent link: https://www.econbiz.de/10011242298
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough …
Persistent link: https://www.econbiz.de/10011244331
a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the …
Persistent link: https://www.econbiz.de/10011244374
This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive...
Persistent link: https://www.econbiz.de/10011244379
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …
Persistent link: https://www.econbiz.de/10011244764
employment. The medium-term macroeconomic framework plan entails the involvement of both the private and public sectors. Human …
Persistent link: https://www.econbiz.de/10011244942