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that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand … out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal … are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are …
Persistent link: https://www.econbiz.de/10010884881
This paper compares Poland and Sweden in the second half of eighteenth century, as two, poorly developed, agrarian … countries. Sweden secured its existence, but Poland did not manage to break out of a political dependency and ultimately …
Persistent link: https://www.econbiz.de/10011271595
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This paper examines how the combination of indebtedness and exogenous shocks induce volatility for the countries of Latin America. A techique for simulating the impact of shocks on the costs of external indebtedness and the response of fiscal policies in adjustment to such shocks is presented...
Persistent link: https://www.econbiz.de/10010944033
This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the...
Persistent link: https://www.econbiz.de/10010944040
Samoa was hit hard by a strong tropical cyclone, and the authorities are to be commended for their swift response to the resulting disaster. Economic growth this fiscal year is expected to be significantly lower than projected prior to the cyclone, but there are encouraging signs of early...
Persistent link: https://www.econbiz.de/10011245381