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At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issue of fiscal … multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipliers for Algeria applying several … econometric methodologies, including Local Projection Methodology and Vector Autoregressive Models, and using both Algeria …
Persistent link: https://www.econbiz.de/10011866389
countries—namely Algeria, Egypt, and Poland—have tackled reforms in these areas …
Persistent link: https://www.econbiz.de/10014399610
This paper analyzes the determinants of labor market performance in Algeria. When the model is estimated with panel … productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … shocks have helped Algeria reduce the differential. Labor market rigidities and labor taxation do not seem to explain why …
Persistent link: https://www.econbiz.de/10014400214
Drawing on the existing literature, I estimate a long-run equilibrium real exchange rate path for Algeria. I find that … rate in Algeria. The half-life of the deviation of the real exchange rate from the estimated equilibrium level is about …-varying long-run equilibrium exchange rate in Algeria as in other commodity-exporting countries; and (ii) the real effective …
Persistent link: https://www.econbiz.de/10014400622
The Government of Algeria has pursed a relatively expansionary fiscal policy in recent years, thanks to rising oil …-mostly nontradable goods-thereby causing a higher real appreciation. This implies that Algeria should carefully consider the implications …
Persistent link: https://www.econbiz.de/10014401063
This paper reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia. After a description of …
Persistent link: https://www.econbiz.de/10014403351
Given the tendency of the oil sector to appreciate the equilibrium real exchange rate (RER) in Algeria, trade … in trade protection would depreciate the RER in Algeria, which in turn would improve competitiveness of, and incentives … to invest in, non-oil exports. The paper then discusses existing levels of protection in Algeria and directions for …
Persistent link: https://www.econbiz.de/10014403465
changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas … shifts can have important macroeconomic implications for a big gas exporter such as Algeria …
Persistent link: https://www.econbiz.de/10014412185