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Reducing Macroeconomic Imbalances in Turkey
Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; Coşar, … - Economics Department, Organisation de Coopération et … - 2014
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10011277023
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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
participation, accelerated formalisation, stronger productivity growth, improvements in financial literacy and a more attractive …
Persistent link: https://www.econbiz.de/10011277032
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Current Account Imbalances in the Euro Area : A Comparative Perspective
Barnes, Sebastian - 2010
This paper considers the increase in current account imbalances in euro area countries since the early 1990s. While the euro area as a whole has remained relatively close to external balance, the current account balances of individual countries have diverged: Spain, Greece and Portugal ran large...
Persistent link: https://www.econbiz.de/10012443026
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Resolving and Avoiding Unsustainable Imbalances in the Euro Area
Barnes, Sebastian - 2010
Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important weaknesses in the macroeconomic management of the monetary union. Greece, Ireland, Portugal and Spain ran large current account deficits by historical standards, while Finland,...
Persistent link: https://www.econbiz.de/10012444092
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Structural and Cyclical Factors behind Current-Account Balances
Cheung, Calista - 2010
Global external imbalances widened persistently over the last several years and have narrowed abruptly over the course of the financial crisis. Understanding the extent to which structural or cyclical factors may have driven these patterns is important to assess the likely evolution of global...
Persistent link: https://www.econbiz.de/10012445906
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Structural Change and the Current Account: The Case of Germany
Coricelli, Fabrizio; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2012
productivity growth in manufacturing vis-à-vis services. Such a gap is due not only to improvements in the manufacturing sector but … also to a significant slowdown of productivity growth in services. Therefore, despite the success in export markets, the … German surplus may signal long-run weaknesses associated with constraints on service sector productivity growth and the …
Persistent link: https://www.econbiz.de/10011276815
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Current Account Benchmarks for Turkey
Röhn, Oliver - Economics Department, Organisation de Coopération et … - 2012
Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An important question is to what extent Turkey’s current account deficit is excessive. To explore this issue, one needs to establish benchmarks. In this paper current account...
Persistent link: https://www.econbiz.de/10011276873
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Current Account Imbalances in the Euro Area: A Comparative Perspective
Barnes, Sebastian; Lawson, Jeremy; Radziwill, Artur - Economics Department, Organisation de Coopération et … - 2010
This paper considers the increase in current account imbalances in euro area countries since the early 1990s. While the euro area as a whole has remained relatively close to external balance, the current account balances of individual countries have diverged: Spain, Greece and Portugal ran large...
Persistent link: https://www.econbiz.de/10008764880
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Resolving and Avoiding Unsustainable Imbalances in the Euro Area
Barnes, Sebastian - Economics Department, Organisation de Coopération et … - 2010
Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important weaknesses in the macroeconomic management of the monetary union. Greece, Ireland, Portugal and Spain ran large current account deficits by historical standards, while Finland,...
Persistent link: https://www.econbiz.de/10008764883
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Structural and Cyclical Factors behind Current-Account Balances
Cheung, Calista; Furceri, Davide; Rusticelli, Elena - Economics Department, Organisation de Coopération et … - 2010
Global external imbalances widened persistently over the last several years and have narrowed abruptly over the course of the financial crisis. Understanding the extent to which structural or cyclical factors may have driven these patterns is important to assess the likely evolution of global...
Persistent link: https://www.econbiz.de/10008465166