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In a series of summits, leading countries of the world will meet to draw up an international arrangement for financial stability. Such a rule system should prevent a financial crisis as we have seen it in 2007 and 2008. It should include appropriate principles of monetary policy, rules for...
Persistent link: https://www.econbiz.de/10010263530
In a series of summits, leading countries of the world will meet to draw up an in¬ternational arrangement for financial stability. Such a rule system should prevent a financial crisis as we have seen it in 2007 and 2008. It should include appropriate principles of mone¬tary policy, rules for...
Persistent link: https://www.econbiz.de/10005818852
In this paper we study international linkages when forecasting unemployment rates in a sample of 24 OECD economies. We propose a Global Unemployment Factor (GUF) and test its predictive ability considering in-sample and out-of-sample exercises. Our main results indicate that the predictive...
Persistent link: https://www.econbiz.de/10015266130
We explore intergenerational and international risk sharing in a general equilibrium multiple-country model with two-tier pensions systems. The exact design of the pension system is key for the way in which risks are shared over generations. The laissez-faire market solution fails to provide an...
Persistent link: https://www.econbiz.de/10010573210
Tourism is one of the sectors most affected by the COVID-19 pandemic. Indeed the number of international tourist … contraction in the tourism in 2021. The indirect effects are significant. Due to linkages with upstream sectors such as … the vaccine rollout in getting global tourism restarted and other mitigating measures …
Persistent link: https://www.econbiz.de/10013215096
ILO pub-WEP pub. Working paper, comparison of the balance of payments, economic growth and employment in Egypt and … workers, etc.; examines developments in foreign exchange earnings due to export earnings, remittances, tourism and foreign …
Persistent link: https://www.econbiz.de/10010966814
. Tourism's considerable contributions to foreign currency, income and employment generation are examined. The paper argues that … manufacturs, many developing countries have turned to tourism as a possible alternative source of growth. This paper provides a … comprehensive survey of the literature on tourism and economic development, identifying both the contribution that tourism can make …
Persistent link: https://www.econbiz.de/10005763234
Persistent link: https://www.econbiz.de/10011967092
In Italy the rate of growth of GDP has declined over the period 2000-2007, after joining the single currency. The decrease is not incidental, but it has a structural and long-term nature, so this decrease relates to the potential growth. This weakening of growth takes place in an international...
Persistent link: https://www.econbiz.de/10015257817
Through a continuous reform of its fiscal system (especially the tax system), the Republic of Croatia has harmonized them with those of EU countries, in keeping with European integration processes and the intention to become a full EU member. Certain differences are still in place (tax rates,...
Persistent link: https://www.econbiz.de/10015245982