Part I Overview and Poverty Impact of Main Macroeconomic Policies
... While the Keynesian and structuralist theories supporting such an approach indicate that it works only under specific conditions, the policies followed in practice often deviated from the theory and, for instance, adopted an expansionary stance even when the level of output had neared full capacity ...
... While the Keynesian and structuralist theories supporting such an approach indicate that it works only under specific conditions, the policies followed in practice often deviated from the theory and, for instance, adopted an expansionary stance even when the level of output had neared full capacity ...
HALL-FriendsHouse-2011
... Secure? or linked to returns on investment? Public finance will cover 2/3 of all cost ...
... Secure? or linked to returns on investment? Public finance will cover 2/3 of all cost ...
Document
... Secure? or linked to returns on investment? Public finance will cover 2/3 of all cost ...
... Secure? or linked to returns on investment? Public finance will cover 2/3 of all cost ...
Aftermath of the Arab Spring in North Africa
... of the Arab Spring,” Atlantic Council, February 2014, http://www. ...
... of the Arab Spring,” Atlantic Council, February 2014, http://www. ...
Panel on Policy Reforms after the Crisis Chair: Barry Eichengreen geneRal DisCUssiOn
... because they can provide contingent credit. Korea’s reserve levels may be too high. China’s reserves may be too high as well. But that may be good for Asia today. When we talk about the liquidity coverage ratio, the question is how much liquid assets are appropriate to hold relative to short-term an ...
... because they can provide contingent credit. Korea’s reserve levels may be too high. China’s reserves may be too high as well. But that may be good for Asia today. When we talk about the liquidity coverage ratio, the question is how much liquid assets are appropriate to hold relative to short-term an ...
Productivity and the Role of Technology in Emerging Markets
... This vast gap suggests that increasing the rate of productivity growth in developing countries is critical to a rebound in growth and broad-based increases in standards of living. The causes of the productivity growth slowdown in emerging markets are manifold and complex. Some are cyclical, while ot ...
... This vast gap suggests that increasing the rate of productivity growth in developing countries is critical to a rebound in growth and broad-based increases in standards of living. The causes of the productivity growth slowdown in emerging markets are manifold and complex. Some are cyclical, while ot ...
Francesco Giavazzi 22 July 2010, VOX.EU
... Putting the fiscal cost of the crisis in perspective The IMF has computed the fiscal cost of the crisis and compared it with the fiscal cost of aging (IMF 2010). In almost all advanced economies the fiscal cost of the crisis is an order of magnitude smaller than the fiscal cost of aging (health, pen ...
... Putting the fiscal cost of the crisis in perspective The IMF has computed the fiscal cost of the crisis and compared it with the fiscal cost of aging (IMF 2010). In almost all advanced economies the fiscal cost of the crisis is an order of magnitude smaller than the fiscal cost of aging (health, pen ...
Perspectives on International Political Economy
... this what the Great Transformation from industrial to post-industrial society was supposed to look like? Are globalization and the so-called “creative destruction” of new technologies shrinking the middle classes in Western countries and permanently shifting economic dynamism to Asia and Latin Ameri ...
... this what the Great Transformation from industrial to post-industrial society was supposed to look like? Are globalization and the so-called “creative destruction” of new technologies shrinking the middle classes in Western countries and permanently shifting economic dynamism to Asia and Latin Ameri ...
The Greek Economy - The Center for Economic and Policy Research
... austerity, and arguing that Greece should stick with the program. However there are several serious problems with this argument. First, it is clear that the last six years of recession were in large part a result of the pro-cyclical policies. No matter what Greece’s pre-crisis situation, no country ...
... austerity, and arguing that Greece should stick with the program. However there are several serious problems with this argument. First, it is clear that the last six years of recession were in large part a result of the pro-cyclical policies. No matter what Greece’s pre-crisis situation, no country ...
Globalization
... A group of economist (see Gene Grossman and RossiHansberg, 2006 and the presentation by Richard Baldwin, 2006)) have introduced the idea that with outsourcing globalization has entered a new phase. The idea is that in the first phase globalization has been characterized by a first unbundling: end of ...
... A group of economist (see Gene Grossman and RossiHansberg, 2006 and the presentation by Richard Baldwin, 2006)) have introduced the idea that with outsourcing globalization has entered a new phase. The idea is that in the first phase globalization has been characterized by a first unbundling: end of ...
Economic Developments in the Baltic States: Success and New
... with centrally planned economies, fixed prices and state-owned means of production. However, at the end of the 1980s, the countries gained a certain degree of economic autonomy thanks to Mr. Gorbachev's perestroika reforms. Small private enterprises were allowed, the economies were decentralised to ...
... with centrally planned economies, fixed prices and state-owned means of production. However, at the end of the 1980s, the countries gained a certain degree of economic autonomy thanks to Mr. Gorbachev's perestroika reforms. Small private enterprises were allowed, the economies were decentralised to ...
Financial, Fiscal and Real Economic
... Overall, the SYMBOL model could be a useful tool to complement the EC’s traditional debt sustainability assessment with a focus on a specific risk area, i.e. the financial sector. This seems all the more important as risks stemming from the financial sector were not accounted for in EU fiscal susta ...
... Overall, the SYMBOL model could be a useful tool to complement the EC’s traditional debt sustainability assessment with a focus on a specific risk area, i.e. the financial sector. This seems all the more important as risks stemming from the financial sector were not accounted for in EU fiscal susta ...
Malaysia and the Challenges of Globalization: An Economic
... 3.3 Malaysia and Global Finance Free flow of financial resources is of course one aspect of globalization. Malaysia’s experience in this respect is best explained by analyzing the 1997 financial crisis when it was caught somewhat off-guard. It began with the forced devaluation of its currency and th ...
... 3.3 Malaysia and Global Finance Free flow of financial resources is of course one aspect of globalization. Malaysia’s experience in this respect is best explained by analyzing the 1997 financial crisis when it was caught somewhat off-guard. It began with the forced devaluation of its currency and th ...
Anti-Crisis Measures in the Republic of Macedonia and their Effects
... longer that it was preliminary estimated. Due to this, we consider that there is a necessity of more fundamental analysis and studies of the designed governmental anti-crisis measures with particular emphasis on the Republic of Macedonia, having in mind the specifics of a small and rather open (libe ...
... longer that it was preliminary estimated. Due to this, we consider that there is a necessity of more fundamental analysis and studies of the designed governmental anti-crisis measures with particular emphasis on the Republic of Macedonia, having in mind the specifics of a small and rather open (libe ...
Developing countries in the process of economic
... economies other than those that will be directly affected. A major concern is that of the possible consequences of a slow-down in the external demand of the United States. 2 Such a slow-down is likely to be brought about by fiscal contraction designed to reduce the budget deficit and partly by the d ...
... economies other than those that will be directly affected. A major concern is that of the possible consequences of a slow-down in the external demand of the United States. 2 Such a slow-down is likely to be brought about by fiscal contraction designed to reduce the budget deficit and partly by the d ...
Innovation and Development
... Distributional inequalities perpetuate individual and productive structures from one generation to another. For instance an economy stuck in a low equilibrium production system will only be capable of supporting an incentive, contract and outcomes reflective of the kind of economic system. ...
... Distributional inequalities perpetuate individual and productive structures from one generation to another. For instance an economy stuck in a low equilibrium production system will only be capable of supporting an incentive, contract and outcomes reflective of the kind of economic system. ...
Alice Sindzingre - Overseas Development Institute
... perceived as a risky region . IFIs as ‘lock-in devices’, substitutes for domestic policies that became non credible. Political economy, institutional processes: drying up of external financial flows, domestic savings, investment, capital flight. ...
... perceived as a risky region . IFIs as ‘lock-in devices’, substitutes for domestic policies that became non credible. Political economy, institutional processes: drying up of external financial flows, domestic savings, investment, capital flight. ...
Aalborg Universitet Exploring Regional Social Compacts as Resistance Schmidt, Johannes Dragsbæk
... other social actors from business, labor, and civil society. This initiative illustrates a new emerging trend in global governance which indicates that the old Bretton Woods regime is being replaced by new actors. It is also the result of an endemic crisis of democratic global governance as the worl ...
... other social actors from business, labor, and civil society. This initiative illustrates a new emerging trend in global governance which indicates that the old Bretton Woods regime is being replaced by new actors. It is also the result of an endemic crisis of democratic global governance as the worl ...
“Recovery or Bubble? The Global Economy Today", organised by
... Although all these countries received significant fiscal transfers from the EU (without which the state of these countries would have been as bad as Greece’s), this has also acted as a disincentive to adopt effective policy changes. It therefore seems as though Germany is exporting its unemployment ...
... Although all these countries received significant fiscal transfers from the EU (without which the state of these countries would have been as bad as Greece’s), this has also acted as a disincentive to adopt effective policy changes. It therefore seems as though Germany is exporting its unemployment ...
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... and developing countries. And Italy’s exports and imports (including those with the rest of the EU) declined even more, by 22 and 23 percent, respectively (see Table 2). This was presumably to be expected, given the weak positioning of Italy’s trade and its high sensitivity to the depreciation of th ...
... and developing countries. And Italy’s exports and imports (including those with the rest of the EU) declined even more, by 22 and 23 percent, respectively (see Table 2). This was presumably to be expected, given the weak positioning of Italy’s trade and its high sensitivity to the depreciation of th ...
Session 8.1-Robert Gilpin
... competition can be good for consumers: using the car industry as an example, he shows that global competition has led to reduced monopoly of the American car industry in the US, bringing lower prices and higher quality cars to US consumers. Gilpin states that hierarchy has existed throughout history ...
... competition can be good for consumers: using the car industry as an example, he shows that global competition has led to reduced monopoly of the American car industry in the US, bringing lower prices and higher quality cars to US consumers. Gilpin states that hierarchy has existed throughout history ...
A lost half decade Victoria Clarke Investec Economics
... Key economies - GDP growth recent and forecast… Annual GDP growth ...
... Key economies - GDP growth recent and forecast… Annual GDP growth ...
Impact of the financial crisis on decentralisation processes
... support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is more likely to be cut, undermining long-term health development objectives (WHO 2009:5). This wa ...
... support, quality of care will deteriorate (WHO 2009: 5). In the health sector, previous crises have shown that curative care has greater political buy in than preventative care, thus preventative care is more likely to be cut, undermining long-term health development objectives (WHO 2009:5). This wa ...
Korea: Country Paper on Macroeconomic and Financial Stability
... years. Korea’s previously steady trend of unemployment also reversed, more than tripling after the crisis. No one expected such a severe contraction. The financial sector was afflicted with a credit crunch which has yet to be fully resolved. This credit crunch has much to do with the conditions atta ...
... years. Korea’s previously steady trend of unemployment also reversed, more than tripling after the crisis. No one expected such a severe contraction. The financial sector was afflicted with a credit crunch which has yet to be fully resolved. This credit crunch has much to do with the conditions atta ...