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Examines 67 IMF Article IV consultations in 27 EU member states between 2008 and 2011, and shows that there is an overwhelming emphasis on fiscal consolidation, reduction of social expenditures, and measures that weaken the bargaining power and income of labour, and make it difficult to promote...
Persistent link: https://www.econbiz.de/10010967136
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This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy recommendations for achieving stability despite volatile capital flows. The authors review recent experience with...
Persistent link: https://www.econbiz.de/10010943616
Transitioning to a low-carbon economy will require significant investment to transform energy systems, alter the built environment and adapt infrastructure. A strategy to finance this investment is needed if the limit of a 2°C increase in global mean temperatures is to be respected. Also,...
Persistent link: https://www.econbiz.de/10011010744
The Macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the...
Persistent link: https://www.econbiz.de/10005245657
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
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question of what drove Singapore's spectacular savings rates. A substantial part of the literature — particularly earlier … of savings or have wrongly disaggregated Gross National Savings. This unsatisfactory state of investigation into … Singapore's saving behavior is unfortunate because savings play such a central role in Singapore's economic history since the …
Persistent link: https://www.econbiz.de/10005047199
The records of a New York savings bank founded by Irish immigrants in 1850are used to shed light o immigrant savings … patterns and the early history of savings banks. The analysis of the occupations and adresses of individual account holders …
Persistent link: https://www.econbiz.de/10005646804