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Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand...
Persistent link: https://www.econbiz.de/10014408561
is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
Five years after the global financial crisis, the severe tensions and risks rooted last year in some of the 'Systemic five' (S5)-China, euro area, Japan, United Kingdom, United States--have abated but all five are still operating below potential, id est, they are not contributing to global...
Persistent link: https://www.econbiz.de/10014410440
Spillover reports examine the external effects of domestic policies in five systemic economies (S5), comprising China, the Euro Area, Japan, the United Kingdom, and the United States. The report aims to provide an added perspective to the policy line developed in the Article IV discussions with...
Persistent link: https://www.econbiz.de/10014410532
Global spillovers have entered a new phase. With crisis-related spillovers and risks fading, changing growth patterns are the main source of spillovers in the global economy at this juncture. Two key trends are highly relevant here. First, signs of self-sustaining recovery in some advanced...
Persistent link: https://www.econbiz.de/10014410571
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395945
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10014396933
collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors …
Persistent link: https://www.econbiz.de/10014399817
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …
Persistent link: https://www.econbiz.de/10014401163