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This paper assesses empirically the links among a country`s institutions and political environment, its implementation of IMF-supported programs, and macroeconomic performance in a sample of 197 programs approved between 1992 and 2002. We find that a stronger institutional and political...
Persistent link: https://www.econbiz.de/10012783099
In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the sense of very high investment and very low consumption, giving rise to rapid capital accumulation; and an imbalance between expenditure and production, producing external...
Persistent link: https://www.econbiz.de/10013123488
In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro area. In the present paper we focus on the particular...
Persistent link: https://www.econbiz.de/10003744533
More than halfway through the new decade, the South African economy has done very well. Growth was high in 2004, 2005 and 2006, capital inflows and the rand are strong, the budget is relatively healthy, and inflation rates and interest rates are low. As democracy continues to consolidate, there...
Persistent link: https://www.econbiz.de/10012721366
US-Präsident Donald Trump hat am 3. November 2020 zwar eine Niederlage erfahren, dennoch könnte der seit 2016 politisch in den USA herrschende Populismus als Mischung aus neuem Nationalismus und Protektionismus für einige Jahre andauern. Die US-Wahlen fanden unter besonderen Bedingungen...
Persistent link: https://www.econbiz.de/10012389071
Persistent link: https://www.econbiz.de/10014520778
Today the global economy is facing down the threat of a multifaceted crisis. Sustained by ultra-low interest rates and unprecedented levels of quantitative easing since the last global financial crisis, the global economy is taking a sharp turn toward tighter monetary policy as it experiences...
Persistent link: https://www.econbiz.de/10014257291
Introduction: La mesure des possibles -- Pt. 1. Le bien-être -- 1. Gagner sa vie (le revenu) -- 2. OEuvrer (l'emploi) -- 3. Prendre soin de nous (la santé) -- 4. Se former (l'éducation) -- 5. Poursuivre le bonheur -- 6. Prendre le temps -- 7. Faire société (la confiance) -- 8. Se gouverner...
Persistent link: https://www.econbiz.de/10011308106
In countries where tools of economic control are immature and disabled due to totalitarian systems, macroeconomic analyses for aggregate quantities and relationships, such as total consumption, investment, and government expenditures represents a difficult task. The practice of aggregation...
Persistent link: https://www.econbiz.de/10013125904
After the 2001 crisis, Turkey continued to pursue a radical market-oriented reform strategy that followed the philosophy of the Washington Consensus. By the early 2000s the government had already liberalised the capital account, privatised many banks and enterprises, and kick-started the...
Persistent link: https://www.econbiz.de/10010225472