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The 2005 Article IV Consultation for the United States reports that robust productivity growth and high corporate profits have contributed to a strong rebound in business investment and some acceleration in employment. The financial sector appears well positioned to provide continued support to...
Persistent link: https://www.econbiz.de/10005591605
The economy of Bosnia and Herzegovina, which is strongly connected to Europe through trade and financial channels, continues to pay a high price for the tough conditions in the area. The paper discuss that, following low demand in its trading partners, exports slumped in 2012 by 7.5 percent,...
Persistent link: https://www.econbiz.de/10011245068
This 2005 Article IV Consultation highlights that Norway’s real mainland GDP growth rebounded strongly in 2004, after a slowdown that began in late 2002. Very supportive monetary conditions, high oil prices, rising housing prices, strengthening consumer and business confidence, and an...
Persistent link: https://www.econbiz.de/10005825554
Austria’s 2004 Article IV Consultation reports that the economy has continued to perform relatively well, unemployment is among the lowest in the European Union, and competitiveness remains strong. Also, a gradual recovery is under way and short-term economic prospects are positive,...
Persistent link: https://www.econbiz.de/10005591380
The paper considers the issue of whether a supranational fiscal policy in Europe is needed, and, if so, what responsibilities it should undertake. The literature on endogenous growth and the principle of subsidiarity suggest that such a policy should be limited to externalities or economies of...
Persistent link: https://www.econbiz.de/10005605317
explains banking, insurance, and pension fund supervision. The Netherlands Antilles is resolved to remove the perception …
Persistent link: https://www.econbiz.de/10005252612
An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities’ supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector...
Persistent link: https://www.econbiz.de/10011244241
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10005248089
Following several years of expansion, the Dutch economy is in its third year of weak growth. Executive Directors commended the authorities on prudent economic policy, and advised for fiscal consolidation in view of population aging. They welcomed the multiyear fiscal framework, and underscored...
Persistent link: https://www.econbiz.de/10005591566
We compare the long-term output and current account effects of pension reforms that increase the retirement age with … those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of … a policy trade-off. Pension reforms that increase the retirement age have a large positive effect on output, but a small …
Persistent link: https://www.econbiz.de/10010790246