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Fiscal performance, institutional design and decentralization in European Union countries
Escolano, Julio; Eyraud, Luc; Moreno Badía, Marialuz; … - 2012
Persistent link: https://www.econbiz.de/10009572538
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Too small to fail? : subnational spending pressures in Europe
Eyraud, Luc; Moreno Badía, Marialuz - 2013
Persistent link: https://www.econbiz.de/10009726551
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Fiscal Performance, Institutional Design and Decentralization in European Union Countries
Eyraud, Luc - 2012
This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into … account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better …
Persistent link: https://www.econbiz.de/10014396949
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Too Small to Fail? : Subnational Spending Pressures in Europe
Eyraud, Luc - 2013
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal … following questions: (1) does the form of spending decentralization affect the general government fiscal balance?; (2) is there … results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation …
Persistent link: https://www.econbiz.de/10014395376
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Productivity growth and structural reform in Bulgaria : restarting the convergence engine
Mitra, Pritha; Pouvelle, Cyril - 2012
Persistent link: https://www.econbiz.de/10009615565
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The lack of convergence of Latin-America compared with CESEE : is low investment to blame?
Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
In the last few decades there has been little convergence of income levels in Latin America with those in the United States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the result of low investment. Latin America is poorer...
Persistent link: https://www.econbiz.de/10012252005
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Fintech, inclusive growth and cyber risks : a focus on the MENAP and CCA regions
Lukonga, Inutu - 2018
Financial technology (fintech) is emerging as an innovative way to achieve financial inclusion and the broader objective of inclusive growth. Thus far, fintech in the MENAP and CCA remains below potential with limited impact on financial inclusion. This paper reviews the fintech landscape in the...
Persistent link: https://www.econbiz.de/10011932540
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Inflation Targeting and Output Growth : Empirical Evidence for the European Union
International Monetary Fund - 2005
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
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Growth and Inflation Dispersions in EMU : Reasons, the Role of Adjustment Channels, and Policy Implications
Stavrev, Emil - 2007
This paper''s analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, relating mainly to country-specific shocks, not differences in the transmission of...
Persistent link: https://www.econbiz.de/10014400897
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Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States
Hoffmaister, Alexander W. - 2010
In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to...
Persistent link: https://www.econbiz.de/10014397470