stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for … 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 …

growth remain critical for any assessment of wellbeing but they need to be complemented with measures of other dimensions of …

test the macroeconomic stability of the currency union. Diverging cyclical paths among euro area countries originate from …

In a majority of OECD countries, GDP growth over the past three decades has been associated with growing income … disparities. To shed some lights on the potential sources of trade-offs between growth and equity, this paper investigates the … long-run impact of structural reforms on GDP per capita and household income distribution. Pro-growth reforms can be …

will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need … rate, which potentially harm economic activity. To improve the sustainability of growth, revenues from non …

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …

Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy … reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic … growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin …

, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as … creative destruction and re-allocation of resources, consumption growth volatility weighs on households’ welfare. This study … reviews the existing literature on the link between economic policies and economic stability at the firm and household level …

rising government to debt-to-GDP ratios. These include the so-called “six pack” to upgrade the Stability and Growth Pact to a …

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