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The euro crisis and economic growth : a novel counterfactual approach

Terzi, Alessio - 2019 - This Draft: 25 June 2019

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...

Persistent link: https://www.econbiz.de/10012033212

Consolidating the Covid debt

Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021

One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...

Persistent link: https://www.econbiz.de/10012796971

Structural reforms and income inequality : who benefits from market-oriented reforms?

Gründler, Klaus; Potrafke, Niklas; Wochner, Timo - 2020

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

Persistent link: https://www.econbiz.de/10012154916

Structural reforms, growth and inequality : an overview of theory, measurement and evidence

Campos, Nauro; De Grauwe, Paul; Ji, Yuemei - 2017

This paper provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between structural...

Persistent link: https://www.econbiz.de/10011780603

International Macroeconomics in the Wake of the Global Financial Crisis

Ferrara, Laurent (ed.); Hernando, Ignacio (ed.); … - 2018

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high...

Persistent link: https://www.econbiz.de/10012396762

Bangladesh's Road to Long-term Economic Prosperity : Risks and Challenges

Quibria, M. G. - 2019

“A must read for anyone interested in understanding complexities of development process.” -Fakhruddin Ahmed, former Governor of the Central Bank of Bangladesh “Policy makers and general readers including specialists would find this lucid analysis very useful.” - Nurul Islam, Deputy...

Persistent link: https://www.econbiz.de/10012397087

Financial Liberalisation : Past, Present and Future

Arestis, Philip (ed.); Sawyer, Malcolm (ed.) - 2016

This book is the thirteenth volume in the International Papers in Political Economy (IPPE) series which explores the latest developments in political economy. A collection of eight papers, the book concentrates on the deregulation of domestic financial markets and discusses financial...

Persistent link: https://www.econbiz.de/10012397221

Macroeconomic Policy Framework for Africa's Structural Transformation

Lopes, Carlos (ed.); Hamdok, Abdalla (ed.); … - 2017

This book identifies the key sources of growth that have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The chapters assess to what extent the existing macroeconomic frameworks among African countries have been streamlined to...

Persistent link: https://www.econbiz.de/10012397284

Turkish Economy : Between Middle Income Trap and High Income Status

Aysan, Ahmet Faruk (ed.); Babacan, Mehmet (ed.); … - 2018

This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. The growth of the Turkish economy in the 2000’s was based on two integrated fundamental...

Persistent link: https://www.econbiz.de/10012397319

Southeast Asia beyond Crises and Traps : Economic Growth and Upgrading

Khoo Boo Teik (ed.); Tsunekawa, Keiichi (ed.); … - 2017

This book examines how Indonesia, Malaysia, the Philippines, Thailand and Vietnam can provide instructive case studies …. Vietnam's post-WTO Industrial Development: Strategies and Realities -- 5. Malaysia's Transformation: High Income, Middle … and Seafood Sectors -- 7. Upgrading Malaysia’s Rubber Manufacturing: Trajectories and Challenges -- 8. The Philippine …

Persistent link: https://www.econbiz.de/10012397440