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facilitate their successful implementation. The paper thereafter looks specifically at Russia as a prominent example of a … sur l'exploitation des ressources naturelles ? : Les principaux concepts et leur application au cas de la Russie … politique et économique qui facilite l'implémentation réussie de ces politiques. Le cas de la Russie est ensuite étudié comme un …
Persistent link: https://www.econbiz.de/10005045957
This paper provides an in depth analysis of Russia’s recent growth, with a view to understanding the prospects for its … macroeconomic environment conducive to strong growth. Looking forward, it is argued that - given its economic structure - Russia is … bound to ... Bilan de la croissance après la crise en Russie<BR><P>Cet article analyse en profondeur la croissance …
Persistent link: https://www.econbiz.de/10005049019
The Russian economy continues to grow strongly, buoyed by rising terms of trade, which, in turn, are supporting a boom in domestic consumption. This paper addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management. It first examines the impact of...
Persistent link: https://www.econbiz.de/10012445915
The article discusses causes and socio-economic peculiarities of one of the most difficult and undesirable condition for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of inflation and devaluation in Georgia and to determine the main...
Persistent link: https://www.econbiz.de/10012835155
Purpose – The purpose of this paper is to examine monetary policies and bank lending in the emerging economies of Sub-Sahara Africa.Design/methodology/approach – The dynamic system-generalized method of moments (GMM) that overcomes issues of unobserved period and country-specific effects, as...
Persistent link: https://www.econbiz.de/10014238206
This paper assesses how and in what circumstances, fiscal consolidations are affected by monetary conditions, using data covering 24 OECD countries over the past 25 years, Focusing on fiscal consolidation “episodes”, it is found that these tend to occur when large budget deficits threaten...
Persistent link: https://www.econbiz.de/10005045818
This paper analyses the monetary and fiscal policy implications of output gap estimates in times of crisis. The widening of output gaps observed in major OECD economies in the wake of the recent crisis has been mainly due to total factor productivity gaps, except in the United States where it...
Persistent link: https://www.econbiz.de/10011276902
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10011277023
Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11. However, the current account deficit widened to around 10% of GDP in 2011 and consumer price inflation rose to over 10%....
Persistent link: https://www.econbiz.de/10011277032
Israel’s monetary policy framework is broadly sound. Inflation targeting was introduced in the early 1990s, and low single-digit inflation was established by the end of the decade. However, fast transmission from the exchange rate to inflation means the operational challenges differ somewhat...
Persistent link: https://www.econbiz.de/10008552861