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high on the government’s agenda. Tax reforms have improved the economy’s growth potential. Reforms in financial, labor … risks. Structural reforms in labor and product markets remain essential to boost long-term growth and secure fiscal …
Persistent link: https://www.econbiz.de/10011245675
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth … helped emerge from stagnation. Volatile external demand, in turn, has elevated German GDP growth volatility by advanced … countries’ standards, keeping domestic consumption growth at surprisingly low levels. As a consequence, despite the size of its …
Persistent link: https://www.econbiz.de/10011142028
This paper assesses Estonia’s flexibility from two angles. The paper focuses on one aspect of that performance—the ability to sustain competitiveness. Then, a more forward-looking angle is the flexibility of Estonia’s labor and product markets. Estonia has made great...
Persistent link: https://www.econbiz.de/10011244007
. Policies need to focus on putting growth on a steady and sustainable path while reducing vulnerabilities. …
Persistent link: https://www.econbiz.de/10011244600
Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country...
Persistent link: https://www.econbiz.de/10005826596
nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union … levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …
Persistent link: https://www.econbiz.de/10005767368
This 2004 Article IV Consultation highlights that during the recent upswing, growth in Belgium has been comparatively … cuts and wage increases have sustained disposable income growth, while household savings resumed a declining trend amid … improvements in the economic outlook and public finances. In the IMF staff’s view, economic growth is expected to continue at a …
Persistent link: https://www.econbiz.de/10005598973
This paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results...
Persistent link: https://www.econbiz.de/10005605373
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
slowing of global growth and falling consumer confidence. The economy’s ability to rebound quickly is hampered by rigidities …
Persistent link: https://www.econbiz.de/10011243865