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Boosting Competitiveness to Grow Out of Debt Can Ireland Find a Way Back to its Future?
Nkusu, Mwanza - 2013
This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The … fiscal performance. The emerging conclusion is that Ireland, which has regained cost competitiveness following the crisis … conclusion. First, external demand is an important driver of exports and also the single most important determinant of Ireland …
Persistent link: https://www.econbiz.de/10013086311
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The Economic Performance Index (EPI) : An Intuitive Indicator for Assessing a Country's Economic Performance Dynamics in an Historical Perspective
Khramov, Vadim - 2013
laypeople alike to understand and apply to the economy. To maximize ease of understanding, we adopt a descriptive grading system …
Persistent link: https://www.econbiz.de/10013072605
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How to Improve Inflation Forecasting in Canada
Matheson, Troy - 2019
Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the results show that errors in forecasting non-core...
Persistent link: https://www.econbiz.de/10012860993
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Pictures of a Revolution : Analyzing the Transition from Global Bimetallism to the Gold Standard in the 1860s and 1870s
Wiegand, Johannes - 2022
In the early 1870s, the global monetary system transitioned from bimetallism—a regime in which gold and silver currencies were tied at quasi-fixed exhange ratios—to the gold standard that was characterized by the use of (only) gold as the main currency metal by the largest and most advanced...
Persistent link: https://www.econbiz.de/10014081241
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Signaling Fiscal Regime Sustainability
Drudi, Francesco - 2006
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable - but not fully credible - governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10012782609
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Corporate Sector Vulnerabilities in Ireland
Klein, Nir - 2016
The paper uses both macro- and micro-level data to assess how has the financial health of the Irish non-financial corporate (NFC) sector changed in the post financial crisis period. The analysis suggests that vulnerabilities have generally declined in recent years, but the NFC sector and...
Persistent link: https://www.econbiz.de/10012977757
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Forbearance Patterns in the Post-Crisis Period
Bergant, Katharina - 2021
Using supervisory loan-level data on corporate loans, we show that banks facing high levels of non-performing loans relative to their capital and provisions were more likely to grant forbearance measures to the riskiest group of borrowers. More specifically, we find that risky borrowers are more...
Persistent link: https://www.econbiz.de/10013315131
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Resolving Residential Mortgage Distress : Time to Modify?
Andritzky, Jochen R. - 2015
experiences from Iceland, Ireland, Spain, and the United States, this paper discusses how economic trade-offs affecting mortgage …
Persistent link: https://www.econbiz.de/10013028680
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The Economic Impact of Natural Disasters in Pacific Island Countries : Adaptation and Preparedness
Lee, Dongyeol - 2018
Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...
Persistent link: https://www.econbiz.de/10012913925
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Canada's Potential Growth : Another Victim of the Crisis
Estevão, Marcello M. - 2011
This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labor services and total factor productivity, we find a sizeable drop in Canadian potential growth in...
Persistent link: https://www.econbiz.de/10013134722