This Selected Issues paper studies Luxembourg’s economic growth performance of the past two decades with a view to … shedding light on the growth prospects and fiscal implications. The paper investigates whether the recent weakness in activity … is largely transitory or whether it heralds a new era of lower potential output growth. The paper also explains one …

This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors … boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop … to about 3 percent by the end of the decade. The paper places the recent strong growth performance of the Greek economy …

This Selected Issues paper analyzes the underlying sources of growth in Uganda, suggesting that the contribution to … growth from total factor productivity has been minor, while the high population growth poses a significant challenge to …

This Selected Issues paper analyzes the sources of Mexico’s economic growth since the 1960s, and compares various … decompositions of historical growth into trend and cyclical components. The role of the implied output gaps in the inflation process … is assessed. The paper presents medium-term paths for GDP based on alternative productivity growth rates. The paper also …

This Selected Issues paper conducts a comparative analysis of the main determinants of GDP per capita growth in New … geographical location in New Zealand’s growth performance during the last 30 years. The estimation results find strong support … for the view that geographical isolation has significantly hampered growth in New Zealand. The paper also reviews the …

obtain new measures of classical and growth cycles, simple rules were applied to date turning points in the classical … business cycle, and a recently developed frequency domain filter was used to estimate the growth cycle. At the regional level …

This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and … tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobbâ …€“Douglas production technology and total factor productivity. The main conclusion is that French trend growth indeed increased during the …