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This Economic Brief looks at past evidence as to what extent donors' economic cycles have an effect on their aid budgets. It generally finds only a weak correlation of economic growth and aid of OECD donors between 1971 and 2008, and aid was reduced in only about half of all episodes of deep or...
Persistent link: https://www.econbiz.de/10011291906
The present global financial crisis is the deepest since the Great Depression of the 1930s. It has impacted severely on the European economy. It has forced policy-makers in the EU and elsewhere to respond with exceptional measures to counter the depressive effects of the crisis. The crisis has...
Persistent link: https://www.econbiz.de/10011291907
The 1937/38 recession in the United States is often quoted as a warning against premature exits from monetary and fiscal stimulus. The presumption is that the 1937/38 recession was indeed due to such a premature exit. This Economic Brief presents evidence that goes against this view. The 1937/38...
Persistent link: https://www.econbiz.de/10011291908
The economies of Mexico and Brazil have many important commonalities, but Brazil's economy has, so far, shown more resilience to global economic crisis, which had its epicentre in Mexico's Northern neighbour. In this Economic Brief the performances of the Brazilian and Mexican economies are...
Persistent link: https://www.econbiz.de/10011291909
The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and keen debate on the future of Europe's economic governance. In that sense it took place at the ideal moment. Participants debated the causes and consequences of the crisis, and...
Persistent link: https://www.econbiz.de/10011291910
This brief reviews the main economic developments since transition in the three Baltic economies and highlights challenges for the future. Although the three economies went, in an almost synchronous fashion, through similar stages of catching up and financial convergence-driven booms and busts,...
Persistent link: https://www.econbiz.de/10011291911
This brief presents several stylised scenarios to explore the potential macroeconomic benefits of the Europe 2020 strategy. An essential part of Europe 2020 consists of reforms with a medium- to long-term horizon that focus on promoting the sustainability of public finances, enhancing potential...
Persistent link: https://www.econbiz.de/10011291912
Private consumption is a key component in the rebalancing of growth that China is seeking, and a challenging one. Not only for the 1.3 bn. Chinese citizens, but it could make an important contribution in addressing global imbalances. Understanding what drove the consumption share down to a mere...
Persistent link: https://www.econbiz.de/10011291913
This brief reviews the evolution of the US and the European labour markets since the beginning of the financial crisis. In the US, the unemployment rate and the share of long-term unemployment grew very fast, during the crisis, thereby reaching levels close to those in the EU. Does that mean...
Persistent link: https://www.econbiz.de/10011291914
The policy brief analyzes the relative performance of the Czech and Slovak economies between the official confirmation of Slovakia's euro-area entry in mid-2008 and end- 2010. The analysis suggests that both economies continued to evolve in a highly similar manner. Czech real exports, as well as...
Persistent link: https://www.econbiz.de/10011291915