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that internal and external imbalances (in particular current account deficits) are strongly intertwined. The MIP should … identify external imbalances at an early stage and thus compel countries to correct these imbalances to forestall potential …
Persistent link: https://www.econbiz.de/10011521456
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in …
Persistent link: https://www.econbiz.de/10010271353
that internal and external imbalances (in particular current account deficits) are strongly intertwined. The MIP should … identify external imbalances at an early stage and thus compel countries to correct these imbalances to forestall potential …
Persistent link: https://www.econbiz.de/10011530903
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in …
Persistent link: https://www.econbiz.de/10008636402
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in …
Persistent link: https://www.econbiz.de/10003934687
The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...
Persistent link: https://www.econbiz.de/10010206355
-euro area imbalances. A panel regression reveals a significant impact of private restructuring and public structural reforms on …
Persistent link: https://www.econbiz.de/10010206356
Two of the four macroeconomic adjustment programmes, Portugal and Ireland’s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...
Persistent link: https://www.econbiz.de/10010349252
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade …. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest … contribute to the debate on whether labor market reforms increase or reduce current account imbalances. …
Persistent link: https://www.econbiz.de/10010429757
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade …. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest … contribute to the debate on whether labor market reforms increase or reduce current account imbalances. …
Persistent link: https://www.econbiz.de/10010403902