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Do Structural Policies Affect Macroeconomic Stability?

Ziemann, Volker - Economics Department, Organisation de Coopération et … - 2013

economic instability and for the persistence of adverse shocks. The results suggest that some growth-enhancing policies such as … lowering employment protection also reduce macroeconomic fluctuations, while others may generate trade-offs between growth and …

Persistent link: https://www.econbiz.de/10011276797

Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl

Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014

House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...

Persistent link: https://www.econbiz.de/10011276860

Policy Options to Durably Resolve Euro Area Imbalances

Guillemette, Yvan; Turner, David - Economics Department, Organisation de Coopération et … - 2013

A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price. The framework is then used to cyclically-adjust observed current account balances and...

Persistent link: https://www.econbiz.de/10011276880

Choosing the Pace of Fiscal Consolidation

Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2012

endogenous interactions between fiscal policy, growth and financial markets. Simulations are done for a hypothetical economy … target within 20 years, a consolidation path is chosen by maximising cumulative GDP growth and minimising cumulative squared … conditions this would result in much higher debt and slower growth.<P>Choisir le rythme de l'assainissement budgétaire<BR>Dans de …

Persistent link: https://www.econbiz.de/10011276909

Counter-cyclical Economic Policy

Sutherland, Douglas; Hoeller, Peter; Égert, Balázs; … - Economics Department, Organisation de Coopération et … - 2010

What changes are needed to make counter-cyclical economic policy more effective in the aftermath of the recent crisis? An important lesson from the severity of the recent recession is that policy in various areas will have to be more prudent during upswings and to build in greater safety margins...

Persistent link: https://www.econbiz.de/10008542502

A Simulation Model of Federal, Provincial and Territorial Government Accounts for the Analysis of Fiscal-Consolidation Strategies in Canada

Guillemette, Yvan - Economics Department, Organisation de Coopération et … - 2010

This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments in Canada. The general approach is to use a cyclical indicator (output gap), estimate the sensitivity of government revenue and expenditure to this cyclical indicator using...

Persistent link: https://www.econbiz.de/10008548955

Preparing for Euro Adoption in Poland

Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2010

a balanced growth going forward. However, they are even more essential in the run up to euro adoption as the process of …

Persistent link: https://www.econbiz.de/10008461039

Short-Term Pain for Long-Term Gain: The Impact of Structural Reform on Fiscal of Outcomes in EMU

Noord, Paul van den; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2006

The 2005 reform of the EU Stability and Growth Pact has provided leeway for governments to let their fiscal deficit …

Persistent link: https://www.econbiz.de/10005045584

Discretionary Fiscal Policy and Elections: The Experience of the Early Years of EMU

Buti, Marco; Noord, Paul van den - Economics Department, Organisation de Coopération et … - 2003

An early criticism of the Stability and Growth Pact has pointed to its asymmetric nature and the weak mechanisms to …

Persistent link: https://www.econbiz.de/10005045766

Enhancing the Effectiveness of Public Spending in Switzerland

Joumard, Isabelle; Giorno, Claude - Economics Department, Organisation de Coopération et … - 2002

Switzerland is a highly decentralised country with large spending and revenue-raising powers devolved to cantons and municipalities. The federal system, in combination with an extensive use of direct democracy, has contributed to keep public spending at a relatively low level in international...

Persistent link: https://www.econbiz.de/10005045784