The Big Picture of Monetary–Fiscal Interactions
... adoption of the regime, and (ii) contrast these with outcomes in the main non-EIT (United States, Switzerland and Japan).11 As a starting point, it is illustrative to examine the behaviour of central government debt to GDP ratio, reported in Figure 3 separately for the two groups of countries. In al ...
... adoption of the regime, and (ii) contrast these with outcomes in the main non-EIT (United States, Switzerland and Japan).11 As a starting point, it is illustrative to examine the behaviour of central government debt to GDP ratio, reported in Figure 3 separately for the two groups of countries. In al ...
Global Investment: Salient Features and Policy Challenges by
... 2012, some countries took partial liberalisation steps in sensitive sectors, such as certain services. On the other hand, some governments strengthened their control over key domestic industries, and others took administrative decisions to restrict foreign investment for national security reasons or ...
... 2012, some countries took partial liberalisation steps in sensitive sectors, such as certain services. On the other hand, some governments strengthened their control over key domestic industries, and others took administrative decisions to restrict foreign investment for national security reasons or ...
Contents of the course - Solvay Brussels School
... that operates quickly, like demand reduction, contrary to longer-term policies like supply-side structural reforms. • Argument is made for less emphasis on quantitative targets and more on the achievement of a policy consensus, on a need for a public debate on IMF condition within a country before a ...
... that operates quickly, like demand reduction, contrary to longer-term policies like supply-side structural reforms. • Argument is made for less emphasis on quantitative targets and more on the achievement of a policy consensus, on a need for a public debate on IMF condition within a country before a ...
Chile: The Next Stage of Development - Augusto Lopez
... to the EU—and some of the Asian economies, which have grown quickly in recent years, support for reforms, i.e. macroeconomic discipline, the institutions of a market economy, and openness to the world, has suffered in Latin America, in much of Africa, and in India.4 In some countries, “withered” mig ...
... to the EU—and some of the Asian economies, which have grown quickly in recent years, support for reforms, i.e. macroeconomic discipline, the institutions of a market economy, and openness to the world, has suffered in Latin America, in much of Africa, and in India.4 In some countries, “withered” mig ...
The Development Centre - Secretariat for External Relations
... Improving the quality of public spending: The case of education ...
... Improving the quality of public spending: The case of education ...
Sustainable Future Fiscal and Debt Policies
... It is not enough that fiscal policy be countercyclical. It is also (and even more) important the intensity of the countercyclical fiscal policies Despite that fiscal policy in Spain during the 2000s adopted a contractionary stance, the size of the fiscal tightness was not enough to correct the main ...
... It is not enough that fiscal policy be countercyclical. It is also (and even more) important the intensity of the countercyclical fiscal policies Despite that fiscal policy in Spain during the 2000s adopted a contractionary stance, the size of the fiscal tightness was not enough to correct the main ...
... The economies of Asia and the Pacific are at a turning point. Thus, the manner in which the current transition is managed will have a long-term impact on the region’s inclusive and sustainable development path. Economies will experience a relatively muted growth performance in the coming months as e ...
Towards a new agenda in Foreign Direct Investment
... diversification in the origin of the FDI (which was initially highly concentrated in foreign investment originating from Europe and the USA) towards greater participation from Asia, especially China, and also foreign investment originating from Latin American companies which have expanded to other c ...
... diversification in the origin of the FDI (which was initially highly concentrated in foreign investment originating from Europe and the USA) towards greater participation from Asia, especially China, and also foreign investment originating from Latin American companies which have expanded to other c ...
GLOBAL NETWORKS AND DOMESTIC POLICY
... of domestic political and economic processes. Tremendous efforts have been made to closely study macro-economic policy changes, such as social welfare policies,9 industrial subsidies,10 and monetary and fiscal policies.11 It is a common practice in the literature to summarize the economic forces of ...
... of domestic political and economic processes. Tremendous efforts have been made to closely study macro-economic policy changes, such as social welfare policies,9 industrial subsidies,10 and monetary and fiscal policies.11 It is a common practice in the literature to summarize the economic forces of ...
The Great Recession, ‘Rainy Day’ Funds, and Countercyclical Fiscal Policy... Latin America
... the large stocks of foreign exchange reserves that they had previously accumulated as “rainyday” funds. In the current paper we review our argument in light of the actual experience. In retrospect, we find that fiscal policy actually exercised by these countries has indeed been an important componen ...
... the large stocks of foreign exchange reserves that they had previously accumulated as “rainyday” funds. In the current paper we review our argument in light of the actual experience. In retrospect, we find that fiscal policy actually exercised by these countries has indeed been an important componen ...
from global collapse to recovery
... Moreover, LAC’s “balance sheet” was not impaired by the crisis. Due to greatly improved macro and financial policy frameworks in LAC, factors that used to magnify external shocks (i.e., weak currencies, weak fiscal processes, and weak banking systems) this time helped cushion the shock. Several LAC ...
... Moreover, LAC’s “balance sheet” was not impaired by the crisis. Due to greatly improved macro and financial policy frameworks in LAC, factors that used to magnify external shocks (i.e., weak currencies, weak fiscal processes, and weak banking systems) this time helped cushion the shock. Several LAC ...
Crisis Prevention through Global Surveillance: A Task beyond the IMF
... IMF funds. But only three countries—Mexico, Poland, and Colombia—drew upon the facility. One reason is that the public and politicians in most developing countries view IMF loans as humiliating. Strauss Kahn would like to expand the flexible credit line to become a global insurance facility, but the ...
... IMF funds. But only three countries—Mexico, Poland, and Colombia—drew upon the facility. One reason is that the public and politicians in most developing countries view IMF loans as humiliating. Strauss Kahn would like to expand the flexible credit line to become a global insurance facility, but the ...
This PDF is a selection from an out-of-print volume from the... of Economic Research Volume Title: International Economic Cooperation
... Whereas daily trading volume on the New York Stock Exchange averages less than $10 billion, foreign exchange transactions in Tokyo, New York, and London average more than $100 billion per day. Capital flows were the proximate cause of the death of the Bretton Woods system. They are a major and extra ...
... Whereas daily trading volume on the New York Stock Exchange averages less than $10 billion, foreign exchange transactions in Tokyo, New York, and London average more than $100 billion per day. Capital flows were the proximate cause of the death of the Bretton Woods system. They are a major and extra ...
I - Niehaus Center for Globalization and Governance
... exporters, such as those that rely on imported inputs or participate in global production networks, are “very sensitive to currency volatility”, and strongly prefer fixed exchange rates (Broz and Frieden 2001: 332). Thirdly, expansive macroeconomic policies are highly attractive to most tradable pro ...
... exporters, such as those that rely on imported inputs or participate in global production networks, are “very sensitive to currency volatility”, and strongly prefer fixed exchange rates (Broz and Frieden 2001: 332). Thirdly, expansive macroeconomic policies are highly attractive to most tradable pro ...
Agricultural Expansion, Resource Booms and Growth in Latin
... coming from deforestation and wetland conversion. Agricultural land will expand by around 40% in Central America and the Caribbean, but 80% of this new land is likely to be from forest and wetland conversion. Pressures on the land and natural resource base in developing countries are also likely to ...
... coming from deforestation and wetland conversion. Agricultural land will expand by around 40% in Central America and the Caribbean, but 80% of this new land is likely to be from forest and wetland conversion. Pressures on the land and natural resource base in developing countries are also likely to ...
Back to the Future: Latin America’s Current Development Strategy
... productive specialization in Latin America. Furthermore, the hegemonic country (United States) is also a producer of commodities and in many cases a competitor of the region for external markets. 6 This paper analyses the current development strategy of Latin America and places it in a historical co ...
... productive specialization in Latin America. Furthermore, the hegemonic country (United States) is also a producer of commodities and in many cases a competitor of the region for external markets. 6 This paper analyses the current development strategy of Latin America and places it in a historical co ...
NBER WORKING PAPER SERIES GLOBALIZATION IN LATIN AMERICA BEFORE 1940 Luis Bértola
... with overseas competition in the grain market, but refrigeration also deprived them of the natural protection distance had always provided local meat and dairy producers. The consequences for European farmers of this overseas competition was profound (O=Rourke 1997; Williamson 1997). Transport cost ...
... with overseas competition in the grain market, but refrigeration also deprived them of the natural protection distance had always provided local meat and dairy producers. The consequences for European farmers of this overseas competition was profound (O=Rourke 1997; Williamson 1997). Transport cost ...
Chile`s Growth and Development: Leadership, Policy
... easy observation of deviations from agreed-upon behavior, and availability of credible enforcement mechanisms. ...
... easy observation of deviations from agreed-upon behavior, and availability of credible enforcement mechanisms. ...
IMF Conditionality, Partisanship and Special Interests: Determinants
... strength of organized interests who are adversely affected by specific policies and their ability to affect implementation. Specifically, I examine how the partisanship of the government is crucial in mediating the effect of organized interests in specific policy areas: labor market and financial se ...
... strength of organized interests who are adversely affected by specific policies and their ability to affect implementation. Specifically, I examine how the partisanship of the government is crucial in mediating the effect of organized interests in specific policy areas: labor market and financial se ...
Presentation by Antonio Prado, Deputy Executive Secretary of ECLAC
... • The global economy has grown less than expected. Within a year, growth projections for 2015 have been lowered from 3.2% to 2.8%. • Upturn in growth in the United States (above the initial estimate of 2.8% in 2015) with a positive impact in Mexico, Central America and the Caribbean through remittan ...
... • The global economy has grown less than expected. Within a year, growth projections for 2015 have been lowered from 3.2% to 2.8%. • Upturn in growth in the United States (above the initial estimate of 2.8% in 2015) with a positive impact in Mexico, Central America and the Caribbean through remittan ...
Cours 6 - Solvay Brussels School
... There is a concentration in the IMF programmes on demand deflation and financial market liberalisation. The structuralist school; however, underlines other cause than those seen by the IMF. Structuralists argue that developing countries deficits are a structural problem associated with developmen ...
... There is a concentration in the IMF programmes on demand deflation and financial market liberalisation. The structuralist school; however, underlines other cause than those seen by the IMF. Structuralists argue that developing countries deficits are a structural problem associated with developmen ...
Latin America and the Rising South: Changing World, Changing
... This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the ...
... This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the ...
Back to the Future: Latin America’s Current Development Strategy
... production for export supported the development of Latin America. However, the external demand for primary commodities proved to be insufficient to guarantee the full employment of Latin America’s productive potential. One policy alternative based on free market principles to fill the gap between th ...
... production for export supported the development of Latin America. However, the external demand for primary commodities proved to be insufficient to guarantee the full employment of Latin America’s productive potential. One policy alternative based on free market principles to fill the gap between th ...
25 Years of Transition: Post-Communist Europe and the IMF
... The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration into the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Libera ...
... The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration into the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Libera ...
The United States and the Large Emerging
... The six other LEMs, which make up the outer circle, share most of the potential and interests of the inner circle of five, but the additional countries are smaller and likely to remain so. This second concentric circle of economically significant LEMs includes countries that may take leadership role ...
... The six other LEMs, which make up the outer circle, share most of the potential and interests of the inner circle of five, but the additional countries are smaller and likely to remain so. This second concentric circle of economically significant LEMs includes countries that may take leadership role ...