Showing 1 - 10 of 8,473
? Stefan Homburg, Universität Hannover, ist skeptisch. Seiner Ansicht nach steckt die Eurozone in einer Zwickmühle. Etliche … Wirtschaftswachstum in Südeuropa, das aber unrealistisch sei. Wer die Lage der Eurozone nüchtern betrachte, müsse angesichts der Zunahme …
Persistent link: https://www.econbiz.de/10010948770
Portugal's program implementation is on track despite difficult economic conditions and significant legal challenges. The markedly weaker economic outlook provides a strong case for recalibrating the program’s fiscal targets. This strong adjustment effort needs to be consolidated by...
Persistent link: https://www.econbiz.de/10011242946
Persistent link: https://www.econbiz.de/10015199016
The reports highlights that, even though the Russian economy has started reviving from the crisis, growth has been moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities, lowering inflation, promoting a stronger and more...
Persistent link: https://www.econbiz.de/10010790444
In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been...
Persistent link: https://www.econbiz.de/10010838010
Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? Which fiscal vulnerability indicators help to predict crises? Can fiscal variables explain the...
Persistent link: https://www.econbiz.de/10005590938
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
This 2004 Article IV Consultation highlights that Barbados’s economy has recovered partially from the 2001–02 recession, as real GDP grew by an estimated 2 percent in 2003, led by a recovery in the tourism sector. Inflation remained low at 1.5 percent, reflecting the currency peg....
Persistent link: https://www.econbiz.de/10005598947
medium term. It assesses the sustainability of public debt in Morocco. The paper uses the analytical framework for assessing … debt sustainability in emerging market countries endorsed by the IMF Executive Board and compares Moroccoâ …
Persistent link: https://www.econbiz.de/10005825414
To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt … according to their degree of sustainability. For a number of countries, the paper finds evidence of causality between the fiscal …
Persistent link: https://www.econbiz.de/10005826671