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Fiscal Policy and Growth in the Context of European Integration
Masson, Paul R. - 2000
The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of...
Persistent link: https://www.econbiz.de/10014400046
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The effective lower bound for the policy rate in euroized economies : an application to the case of Albania
Della Valle, Guido; Themeli, Erald; Veyrune, Romain; … - 2018
Based on the experience of the Bank of Albania, the paper proposes a framework to estimate the interest rate lower …
Persistent link: https://www.econbiz.de/10011848127
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Euroization drivers and effective policy response : an application to the case of Albania
Della Valle, Guido; Kota, Vasilika; Veyrune, Romain; … - 2018
is derived from the experience of Albania. The paper is the first attempt to provide an empirical measure of the optimal … level of euroization. The results indicate that euroization is trending above the estimated measure in Albania, calling for …
Persistent link: https://www.econbiz.de/10011799246
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Inflation and Money Demand in Albania
Kalra, Sanja - 1998
interest rates in Albania during 1993–97. The estimated parsimonious error correction model extends the findings of a growing …
Persistent link: https://www.econbiz.de/10014400757
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The Rise and Fall of the Pyramid Schemes in Albania
Jarvis, Christopher J. - 1999
Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes …
Persistent link: https://www.econbiz.de/10014400969
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Fiscal Objectives in the Post IMF Program World : The Case of Albania
Jonas, Jiri - 2010
The paper discusses the challenges facing Albania''s fiscal policy following the graduation from the IMF programs. It … argues that Albania''s public debt remains too high and needs to be reduced. Strengthening the fiscal framework, including by …
Persistent link: https://www.econbiz.de/10014402881
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Financial Sustainability and Reform Options for the Albanian Pension Fund
Treichel, Volker - 2001
This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a combination of parametric changes to the existing...
Persistent link: https://www.econbiz.de/10014403650
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Albania : Income Distribution, Poverty, and Social Safety Nets in the Transition, 1991-1993
International Monetary Fund - 1994
This paper examines developments in Albania’s income distribution and poverty during the transition to a market …
Persistent link: https://www.econbiz.de/10014397176
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Reducing Inflation : Lessons From Albania's Early Success
McNeilly, C. - 1998
Inflation in Albania fell rapidly once comprehensive stabilization policies and market-oriented reforms were launched … price liberalization coupled with key supporting measures. It also gives hope for early recovery from Albania’s 1997 …
Persistent link: https://www.econbiz.de/10014399420
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Inflation in Albania
Rother, Philipp C. - 2000
As Albania has succeeded in reducing inflation to very low levels, understanding the driving forces behind the behavior …
Persistent link: https://www.econbiz.de/10014401358