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potential vulnerabilities that can lead to such costly events. This paper first discusses the source and nature of potential … vulnerabilities in OECD countries that can lead to costly economic crises. Based on the most recent evidence from the early warning … at capturing vulnerabilities that could transmit from one country to another through financial, trade or confidence …
Persistent link: https://www.econbiz.de/10011399583
developments into account when assessing a country’s vulnerabilities. In the domestic areas, indicators that measure asset market …
Persistent link: https://www.econbiz.de/10011399585
the role of macroeconomic and structural policies in spurring or mitigating the vulnerabilities that can lead to costly … insights on how policies can be geared to address vulnerabilities early on, mitigate the impact of shocks and speed recoveries …
Persistent link: https://www.econbiz.de/10011399587
developments and vulnerabilities in EMEs and uses macroeconometric model simulations to provide quantitative estimates of …
Persistent link: https://www.econbiz.de/10010374413
This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focussing on lessons that can be learned. The projections repeatedly over-estimated growth, failing to anticipate the extent of the slowdown and later the weak pace of the...
Persistent link: https://www.econbiz.de/10010374419
This paper quantifies the sectoral trade impact in the United Kingdom and in EU countries of the UK’s exit from the Single Market, using the OECD general-equilibrium METRO model. A comprehensive free-trade agreement could lead to a fall by about 6.1% of UK exports and 7.8% of UK imports in the...
Persistent link: https://www.econbiz.de/10012420943
Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full...
Persistent link: https://www.econbiz.de/10011577734
We analyse the effect of Slovakia’s euro adoption in 2009 on the country’s economic performance by using the synthetic control method. This method compares Slovakia’s economic performance with that of a weighted combination of comparable Central European economies that have remained...
Persistent link: https://www.econbiz.de/10011577856
This paper provides estimates of the potential effects on exports, imports, production, factor demand and GDP in Ireland of an exit of the United Kingdom (UK) from the European Union (EU), focusing on trade and FDI channels. Owing to the high uncertainty regarding the final trade agreement...
Persistent link: https://www.econbiz.de/10011914655
The global financial crisis and its high economic and social costs have revived academic and policy interest in “early warning indicators” of crises. This paper aims to investigate the performance of vulnerability indicators as advance warning indicators of past severe GDP per capita...
Persistent link: https://www.econbiz.de/10011577964