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The European Union has weathered a number of turbulent storms in recent years from the COVID-19 pandemic to the ongoing war in Ukraine. These crises have highlighted the limitations of the EU budget and the need for the flexibility to adequately respond to challenges in real time. They have also...
Persistent link: https://www.econbiz.de/10014444235
Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully acknowledged by many energy economists; however, the total subsidy level remains high. This is because energy subsidies are often closely related to the political economy viewpoint. Moreover, the...
Persistent link: https://www.econbiz.de/10012289909
Economic integration is being inhibited by the poor state of transport connectivity between Bangladesh, and South Asia … and Southeast Asia. This study reviews connectivity initiatives of Bangladesh and the two neighboring regions and proposes … ways to deepen regional and interregional connectivity. Since the early 1990s, as a consequence of trade-led growth …
Persistent link: https://www.econbiz.de/10010408478
Persistent link: https://www.econbiz.de/10003368581
This paper examines fiscal policy issues in the Republic of Korea (hereafter Korea) after the 2009 global financial crisis, including the timing of fiscal policy responses, the effectiveness of expansionary measures, and the long-term implications for government debt. In order to evaluate more...
Persistent link: https://www.econbiz.de/10003983456
recovery and growth. In 2008, the ratio of export to gross domestic product (GDP) was 76.5%. The global economic crisis … triggered by the sub-prime loans debacle in the United States has prompted Thailand to rethink her export-led growth strategy …. Year-on-year export growth plunged from a positive 22.7% in the third quarter of 2008 to a negative 7.75% in the fourth …
Persistent link: https://www.econbiz.de/10008933443
The ongoing coronavirus pandemic crisis as well as demographic and climate change pose major challenges for public finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the population and its impact on the country’s public...
Persistent link: https://www.econbiz.de/10013041006
, such as public debt, external debt, primary balance, output growth, current account balance, and oil prices, over the … period 1976-2021. The results of the DSA suggest that, at the 10% growth rate with a real interest rate lower than 10%, the … debt. Therefore, a strategy of continuing coordination of fiscal and monetary policy is crucial for robust growth momentum …
Persistent link: https://www.econbiz.de/10013533267
The COVID-19 pandemic and the pressure it has created on member states’ public finances have led European authorities to suspend the EU’s fiscal rules. In fact, these rules had long been criticised by academics and had only been abided by exceptionally. Beyond the rules themselves, the...
Persistent link: https://www.econbiz.de/10013475423
Persistent link: https://www.econbiz.de/10015046749