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potential challenges for Brazil. The Fed's communications related to normalization have improved significantly since the taper … anticipated tightening of monetary policy in history. While Brazil could benefit from tighter global financial conditions … crucially important for Brazil. Adverse spillovers can be mitigated by strengthening policy frameworks and fundamentals …
Persistent link: https://www.econbiz.de/10013013829
While Brazil's deep recession has been broad based, it has been marked by a particularlylarge fall in investment. Real … factors contributed tothe investment decline, including a deterioration in Brazil's medium-term growthprospects, rising real …
Persistent link: https://www.econbiz.de/10012928618
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation … macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show …
Persistent link: https://www.econbiz.de/10012777952
Development Goals in the health, education, and infrastructure sectors in Brazil. We find that there is room for savings in … in roads, water, and electricity by 2030. Brazil can do more with less, but increasing efficiency of public spending will …
Persistent link: https://www.econbiz.de/10012858952
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
The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering 7 regions, and pay particular attention to the period around the global financial crisis. A...
Persistent link: https://www.econbiz.de/10013082486
This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The paper uses vector autoregressive analysis to explore the interlinkages among competitiveness, exports, economic growth, and fiscal performance. The emerging conclusion is that...
Persistent link: https://www.econbiz.de/10013086311
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
Machine learning tools are well known for their success in prediction. But prediction is not causation, and causal discovery is at the core of most questions concerning economic policy. Recently, however, the literature has focused more on issues of causality. This paper gently introduces some...
Persistent link: https://www.econbiz.de/10012858391
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...
Persistent link: https://www.econbiz.de/10013053046