This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...

This paper uses a multi region DSGE model with collateral constrained households and residential investment to examine the effectiveness of fiscal policy stimulus measures in a credit crisis. The paper explores alternative scenarios which differ by the type of budgetary measure, its length, the...

This chapter examines the macroeconomic benefits that membership of the Single Market has given to the 11 Baltics, Central and South Eastern European countries that joined the EU after 2004. We find that these EU11 countries have benefitted particularly from membership of the internal market...

The economic recovery in the Western Balkans strengthened further during 2016 and the region recorded the highest growth rate since 2008. The economic performance was largely driven by a further acceleration of annual GDP growth in Serbia and Albania. Investment and private consumption continued...

The economic recovery in the Western Balkans strengthened further during 2016 and the region recorded the highest growth rate since 2008. The economic performance was largely driven by a further acceleration of annual GDP growth in Serbia and Albania. Investment and private consumption continued...

The economic recovery in the Western Balkans continued during the first quarter of 2017, although at a more moderate pace as annual growth decelerated in almost all countries, but notably in Serbia which is the largest economy in the region. However, investment and private consumption continued...

The economic recovery in the Western Balkans strengthened further during the third quarter of 2016, largely driven by a further acceleration of annual GDP growth in Serbia, the largest economy in the region. Investment and private consumption continue to support growth in the region, while also...

The economic recovery in the Western Balkans strengthened further during the third quarter of 2016, largely driven by a further acceleration of annual GDP growth in Serbia, the largest economy in the region. Investment and private consumption continue to support growth in the region, while also...