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"This volume provides the most comprehensive estimates of worldwide energy subsidies currently available, drawing on … "how to do" energy subsidy reform, drawing on insights from 22 country case studies and analyses carried out by other …
Persistent link: https://www.econbiz.de/10010244221
Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate … fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector …. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital …
Persistent link: https://www.econbiz.de/10014410519
This supplement presents country case studies reviewing energy subsidy reform experiences, which are the basis for the … in Central and Eastern Europe and the CIS. The case studies are organized by energy product, with 14 studies of the … description of the reforms; discussion of the impact of the reform on energy prices or subsidies and its success or failure …
Persistent link: https://www.econbiz.de/10014410521
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This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor … analysis partitions observed inflation in EU25 countries into common-origin and country-specific (idiosyncratic) components …. Cross-country differences in common-origin inflation within the EU are found to depend on gaps in the initial price level …
Persistent link: https://www.econbiz.de/10014401399
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KEY ISSUES Context: Moderate growth is continuing; however credit and wage growth are weak. The level of nonperforming loans (NPLs) remains high and public debt has risen sharply in recent years. Fiscal policy: Medium-term funding needs to roll over existing debt and to fund budget deficits are...
Persistent link: https://www.econbiz.de/10011243071
This 2013 Article IV Consultation highlights that Montenegro’s recovery from the collapse of the lending boom in 2008 has been slowed by the debt overhang that remains in the private sector. Output contracted in 2012 because of unusually severe winter weather early in the year, as well as...
Persistent link: https://www.econbiz.de/10011243454