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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 Global Economic Recovery 10 Years after the 2008 Financial Crisis
Mrkaic, Mico - 2019
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
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Loss-of-Learning and the Post-COVID Recovery in Low-Income Countries
Buffie, Edward F.; Adam, Christopher; Zanna, Luis-Felipe; … - 2022
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013295135
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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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World Economic Outlook, April 2013
Liu, Yan - 2013
The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and — in some cases — institutional arrangements to deal with over-indebtedness. For households, where the problem in some...
Persistent link: https://www.econbiz.de/10013085615
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Remittances and Macroeconomic Volatility in African Countries
Jidoud, Ahmat - 2015
This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Empirical results indicate that remittances - as a share of GDP - have a significant...
Persistent link: https://www.econbiz.de/10013024443