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Enhancing Income Convergence in Central Europe after EU Accession

Lenain, Patrick; Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2004

. Although convergence towards higher levels of income appears to be a distant prospect at current trend growth rates, this is … in this respect. While ... Renforcer la convergence des revenus en Europe Centrale après les adhesions à l … leur ont été très profitables. Même si la convergence vers des niveaux de revenu plus élevés semble une perspective …

Persistent link: https://www.econbiz.de/10005045850

Improving the Fiscal Framework to Enhance Growth in an Era of Fiscal Consolidation in Slovakia

Klein, Caroline; Price, Robert W.R.; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2013

The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...

Persistent link: https://www.econbiz.de/10011277021

Fiscal Prospects and Reforms in India

Herd, Richard; Hill, Sam; Koen, Vincent - Economics Department, Organisation de Coopération et … - 2011

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...

Persistent link: https://www.econbiz.de/10009364448

Tackling Turkey's External and Domestic Macroeconomic Imbalances

Röhn, Oliver; Gönenç, Rauf; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2012

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

Income Inequality in the European Union

Fredriksen, Kaja Bonesmo - Economics Department, Organisation de Coopération et … - 2012

Poor growth performance over the past decades in Europe has increased concerns for rising income dispersion and social exclusion. European authorities have recently launched the Europe 2020 strategy which aims to improve social inclusion in Europe on top of already existing European regional...

Persistent link: https://www.econbiz.de/10011276988

The Economic Integration of Germany's New Länder

Wurzel, Eckhard - Economics Department, Organisation de Coopération et … - 2001

second half of the 1990s economic growth in the east decelerated, and income convergence has stalled and employment stagnated …

Persistent link: https://www.econbiz.de/10005045764

Cross-Country Spillovers from Fiscal Consolidations

Goujard, Antoine - Economics Department, Organisation de Coopération et … - 2013

In many OECD countries, government debt reached levels over recent years that call for reduction over the medium to longer term to ensure public finance sustainability. This paper investigates the international transmission of fiscal consolidation shocks via trade flows. Using a measure of...

Persistent link: https://www.econbiz.de/10011269144

Avoiding Debt Traps: Financial Backstops and Structural Reforms

Padoan, Pier Carlo; Sila, Urban; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2012

In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics. The “bad equilibrium” is characterised by the simultaneous occurrence, and adverse feedbacks between, high and growing fiscal deficits and debt, high risk...

Persistent link: https://www.econbiz.de/10011273966

A Simple Fiscal Stress Testing Model: Case Studies of Austrian, Czech and German Economies

Kamenik, Ondra; Tuma, Zdenek; Vavra, David; Smidova, Zuzana - Economics Department, Organisation de Coopération et … - 2013

This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks. A baseline scenario assuming a gradual debt consolidation is presented and by assuming different future developments (e.g. lower potential growth)...

Persistent link: https://www.econbiz.de/10011276864

Implications of Output Gap Uncertainty in Times of Crisis

Bouis, Romain; Cournède, Boris; Christensen, Ane Kathrine - Economics Department, Organisation de Coopération et … - 2012

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