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What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these … fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and … other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications …
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The double blow of coronavirus (COVID-19) and the oil price shock is hitting oil-exporting developing countries …
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Policymakers often have a linear view of the world, where pulling the right levers will get the economy and society back on track after shocks and crises. This paper argues that such an approach ignores how systems interact and how their systemic properties shape this interaction, leading to an...
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The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic entity and has analysed the intensive...
Persistent link: https://www.econbiz.de/10012443995
Recent global shocks, such as the 2008 financial crisis, have driven policy makers and industry strategists to re-examine how to prepare for and respond to events that can begin locally and propagate around the world with devastating effects on society and the economy. This report considers how...
Persistent link: https://www.econbiz.de/10012448458
city economies. In London, COVID-19 has caused an unprecedented labour market shock, with several service sectors having …
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