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This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model … can help build buffers that could help France confront the next downturn from a stronger fiscal position. The analysis … highlights that, on average, fiscal policy in France exhibited a deficit bias over the past four decades, being unable to react …
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"The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10010522437
"A well developed financial system enhances competition in the industrial sector by allowing easier entry. The impact varies across industries, however. For some, small changes in financial development quickly induce entry and dissipate incumbents' rents, generating strong incentives to oppose...
Persistent link: https://www.econbiz.de/10010522682
This comprehensive report-actually four compartmentalized reports in one-- focuses on policies to improve Brazil's trade performance. Specifically, three questions are addressed: What are the merits of alternative trade liberalization or integration options ? What domestic policies should be...
Persistent link: https://www.econbiz.de/10012559158
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A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid …
Persistent link: https://www.econbiz.de/10013169161
This 2016 Article IV Consultation highlights that economic recovery in France is solidifying. The economy is projected …
Persistent link: https://www.econbiz.de/10011675712