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underpin macroeconomic stability or whether there is a trade-off.<BR>Les réformes visant à stimuler la croissance à long terme … contribution des politiques de promotion de la croissance à la vulnérabilité et à la résilience d’une économie face à de telles …’OCDE pour encourager la croissance à long terme – qui figurent dans Objectif croissance et les Perspectives économiques – et …
Persistent link: https://www.econbiz.de/10011276723
macroeconomic stability or whether there is a trade-off.<P>Politiques de croissance et stabilité macroéconomique<BR>Les réformes … visant à stimuler la croissance à long terme ont souvent des effets secondaires – positifs ou négatifs – sur la vulnérabilité … observés depuis 2007 justifient un réexamen de la contribution des politiques de promotion de la croissance à la vulnérabilité …
Persistent link: https://www.econbiz.de/10011276802
microéconomique peut traduire des processus générateurs de croissance tels que la destruction créatrice et la réallocation des … ressources, la volatilité de la croissance de la consommation pèse sur le bien-être des ménages. Cette étude dresse un panorama …
Persistent link: https://www.econbiz.de/10011276850
The crisis revealed the need for a strategic review of the existing social protection system in Estonia. Extreme income fluctuations on one side and low social benefits on the other side exposed fragile groups in the population to a significant poverty risk. The government has recently...
Persistent link: https://www.econbiz.de/10011276944
Persistent link: https://www.econbiz.de/10014319255
This paper presents stylised facts about development aid and capital flows to developing countries. It compares their volumes and volatilities and finds that foreign aid is not the major source of finance for these countries any more, though not for all regions. The expansion of private flows...
Persistent link: https://www.econbiz.de/10004962600
Aid ineffectiveness, fragmentation, and volatility have already been highlighted by scholars and OECD studies. Far fewer studies have been devoted to another problem of capital flows: herding behaviour. Building upon a methodology applied to financial markets, where herding is a common feature,...
Persistent link: https://www.econbiz.de/10004969794
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have...
Persistent link: https://www.econbiz.de/10008498025
In this report, we first develop a simplified example that illustrates the importance of considering the option ``waiting to invest'' when valuing an investment. This is followed by a short description of other options that could be embedded in an investment opportunity. In order to stress the...
Persistent link: https://www.econbiz.de/10005100465
In this paper, we introduce a new approach for volatility modeling in discrete and continuous time. We follow the stochastic volatility literature by assuming that the variance is a function of a state variable. However, instead of assuming that the loading function is ad hoc (e.g., exponential...
Persistent link: https://www.econbiz.de/10005100570