Showing 1 - 10 of 4,053
In a standard OLG model of a small open economy with logarithmic utility and endogenous fertility we show that the reversion of the relationship between fertility and wages (i.e. a transition from the Malthusian to the Modern fertility behaviour) may be possible in presence of intergenerational...
Persistent link: https://www.econbiz.de/10010933029
This contribution shows that the persistence and the time of occurence of the shock matter in determining the long-run macroeconomic aggregates’ responses after permanent and transitory terms of trade shocks. Within a simple two-good small open economy model, we differentiate analyticaly...
Persistent link: https://www.econbiz.de/10004984841
Republic. The attention is put on some macroeconomic issues as savings, labour market and tax systems with respect to the …
Persistent link: https://www.econbiz.de/10005258345
Savers, including pension savers, convert savings into assets: homes,government bonds and shares.The conversion of … savings is for the very long term. Once monies are turned into assets, the reverse process of turning assets into cash cannot …
Persistent link: https://www.econbiz.de/10011111570
reassess national savings behavior, with greater prominence and more careful consideration given to the role played by changing … literature. Going further, we simulate global savings behavior based on our framework and find that China’s demographics should … decades, individual countries’ convergence toward the simulated savings pattern will be influenced by their past divergences …
Persistent link: https://www.econbiz.de/10011142029
The 2007 Article IV Consultation with the Kingdom of the Netherlands explains fiscal policy and financial sector issues. Improvements in the macroeconomic and business environments and technological innovation have contributed positively to Dutch competitiveness. Executive Directors emphasized...
Persistent link: https://www.econbiz.de/10011244152
The 2006 Article IV Consultation on San Marino explains financial sector development and stability. A wide-ranging reform of the regulatory framework and supervision is under way to modernize the financial sector and make it conform to international standards. Executive Directors encouraged to...
Persistent link: https://www.econbiz.de/10011244177
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
This paper presents the Slovak Republic’s Financial System Stability Assessment Update including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Regulation. Commercial banks are by far the dominant financial institutions, though nonbank financial...
Persistent link: https://www.econbiz.de/10011244278
The key findings of Mauritius’s Financial System Stability Assessment update are discussed. The Mauritian financial system has been resilient to recent economic shocks, and banks have adequate capital buffers against a range of shocks to their credit portfolios and liquidity positions....
Persistent link: https://www.econbiz.de/10011244792