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Monetary policy reaction functions in the OECD

Sutherland, Douglas - 2010

Persistent link: https://www.econbiz.de/10009569771

Liquidity shortfalls during the COVID-19 outbreak : assessment and policy responses

Demmou, Lilas; Franco, Guido; Calligaris, Sara; … - 2020

crisis. In particular, it evaluates the extent to which firms may run into a liquidity crisis following the COVID-19 outbreak … face liquidity shortfalls after 10 months since the implementation of confinement measures. Comparing the impact of … relieve wage bills is the most effective tool to reduce liquidity shortages, followed by debt moratorium policies. Finally …

Persistent link: https://www.econbiz.de/10012421252

The conduct of monetary policy in the future : instrument use

Inaba, Kei-Ichiro; O'Farrell, Rory; Rawdanowicz, Łukasz; … - 2015

due to new liquidity requirements. The transition to this situation will be lengthy and will require a mixture of … liquidity draining instruments. Alternatively, they could adopt a floor system, which may benefit financial stability. The use …

Persistent link: https://www.econbiz.de/10011392833

Fiscal rules for sub-central governments, update of the institutional indicator

Leyen, Kaja von der - 2013

Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005. As in 2005, budget...

Persistent link: https://www.econbiz.de/10009769641

Europe's new fiscal rules

Barnes, Sebastian; Davidsson, David; Rawdanowicz, Łukasz - 2012

Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called “six pack” to upgrade the Stability and Growth Pact to a new Treaty incorporating the “fiscal...

Persistent link: https://www.econbiz.de/10009690998

Insolvency regimes and productivity growth : a framework for analysis

McGowan, Muge Adalet; Andrews, Dan - 2016

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency regimes, regulations affecting product, labour and...

Persistent link: https://www.econbiz.de/10011577810

Boosting firm dynamism and performance in China

Molnár, Margit - 2017

With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change and focus more on efficiency and sustainability. This...

Persistent link: https://www.econbiz.de/10011732705

Boosting productivity for inclusive growth in Japan

Jones, Randall Sidney; Jin, Yosuke - 2017

Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common origins, including a widening productivity and wage gap...

Persistent link: https://www.econbiz.de/10011732717

Finance and productivity : a literature review

Heil, Mark T. - 2017

This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The results suggest: 1) Financial development likely has...

Persistent link: https://www.econbiz.de/10011700187

Insolvency regimes, zombie firms and capital reallocation

McGowan, Muge Adalet; Andrews, Dan; Millot, Valentine - 2017

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two inter-related sources of labour productivity weakness: the survival of “zombie” firms (firms that would typically exit in a competitive market) and capital misallocation. New...

Persistent link: https://www.econbiz.de/10011700546