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Lifting Euro Area Growth; Priorities for Structural Reforms and Governance
Everaert, Luc; Allard, Céline - International Monetary Fund (IMF) - 2010
To live up to its growth potential and secure its inclusive social model, the euro area must make better use of its … available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemployment from becoming a long … southern Europe and an increasing challenge everywhere. Kick-starting growth requires a comprehensive approach to labor and …
Persistent link: https://www.econbiz.de/10011245859
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Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies
Tressel, Thierry; Wang, Shengzu; Kang, Joong Shik; … - International Monetary Fund (IMF) - 2014
Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area “deficit economies†(Greece, Ireland, Portugal, and Spain) that accumulated large current account deficits and external liability...
Persistent link: https://www.econbiz.de/10011142227
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The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies
Dabla-Norris, Era; Guo, Si; Haksar, Vikram; Kim, Minsuk; … - International Monetary Fund (IMF) - 2015
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This …
Persistent link: https://www.econbiz.de/10011245883
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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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Euro Area Policies; Staff Report for the 2012 Article IV Consultation with Member Countries
International Monetary Fund (IMF); International … - 2012
The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north†and abroad to perceived safer assets. Executive Directors have noted that the euro area continues to face a number of...
Persistent link: https://www.econbiz.de/10011245833
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Fostering Growth in Europe Now
Barkbu, Bergljot; Rahman, Jesmin; Valdés, Rodrigo O. - International Monetary Fund (IMF) - 2012
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
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Inflation and Output Comovement in the Euro Area; Love at Second Sight?
Andrle, Michal; Bruha, Jan; Solmaz, Serhat - International Monetary Fund (IMF) - 2013
This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not be apparent at first sight, but is clear at business cycle frequencies. Our results suggest that at business cycle frequency, the output and core inflation comovement is high and...
Persistent link: https://www.econbiz.de/10011242325
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Euro Area Policies; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff paper on euro area policy 2013 Article IV Consultation discusses economic development and policies. Severe market stresses have subsided, although private borrowing costs have remained too high in the periphery. In these economies, sovereign borrowing costs have declined from...
Persistent link: https://www.econbiz.de/10011243670
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Assessing the Macroeconomic Impact of Structural Reforms The Case of Italy
Lusinyan, Lusine; Muir, Dirk - International Monetary Fund (IMF) - 2013
growth-friendly fiscal reforms. …
Persistent link: https://www.econbiz.de/10011142132
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Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
Kandil, Magda E.; Lindow, Genevieve; Mansilla, Mario; … - International Monetary Fund (IMF) - 2014
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean … countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth … rate, the price of major exporting commodities, the number of tourists, and growth in major trading partners. The paper …
Persistent link: https://www.econbiz.de/10010800970