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Tackling Turkey's External and Domestic Macroeconomic Imbalances
Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2012
competitiveness problems and a dearth of domestic saving. They need to be addressed using both macroeconomic and structural policy … levers. Monetary policy has recently tried to reduce the volatility of capital flows but inflation has been high and volatile …
Persistent link: https://www.econbiz.de/10011277032
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The Economic Integration of Germany's New Länder
Wurzel, Eckhard - 2001
construction sector after very high -- and largely policy-induced -- growth rates in the first half of the 1990s. However, in the …
Persistent link: https://www.econbiz.de/10012443985
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The Economic Integration of Germany's New Länder
Wurzel, Eckhard - Economics Department, Organisation de Coopération et … - 2001
construction sector after very high -- and largely policy-induced -- growth rates in the first half of the 1990s. However, in the …
Persistent link: https://www.econbiz.de/10005045764
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Fiscal Prospects and Reforms in India
Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011
Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
Persistent link: https://www.econbiz.de/10009364448
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A Golden Rule for Russia? How a Rule-Based Fiscal Policy Can Allow a Smooth Adjustment to the New Terms of Trade
Gianella, Christian - 2007
in ensuring a smooth adjustment to the higher terms of trade. The paper argues that fiscal policy should be the primary …
Persistent link: https://www.econbiz.de/10012445915
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A Golden Rule for Russia? How a Rule-Based Fiscal Policy Can Allow a Smooth Adjustment to the New Terms of Trade
Gianella, Christian - Economics Department, Organisation de Coopération et … - 2007
in ensuring a smooth adjustment to the higher terms of trade. The paper argues that fiscal policy should be the primary …
Persistent link: https://www.econbiz.de/10005045780
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Macroeconomic Policy and Economic Performance
de Lima, Pedro - 2003
This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two … economies. The general findings for monetary policy are that, while it was costly to lower inflation (in terms of output and … undergoing rather significant changes to their institutional structures and policy-making frameworks. There is some limited …
Persistent link: https://www.econbiz.de/10012444501
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Catching-up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10012444720
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Iceland: Challenging Times for Monetary and Fiscal Policies
de Michelis, Andrea - 2009
depleted. Against this difficult background, this paper discusses what policy makers should do in order to restore balance in …
Persistent link: https://www.econbiz.de/10012445717