Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain
DOWNLOAD
Download Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Fiscal Consolidation In The Euro Area
DOWNLOAD
Author : Mr.Derek Anderson
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-16
Fiscal Consolidation In The Euro Area written by Mr.Derek Anderson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-16 with Business & Economics categories.
The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.
Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain
DOWNLOAD
Author : Mr.Derek Anderson
language : ru
Publisher: International Monetary Fund
Release Date : 2013-10-16
Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain written by Mr.Derek Anderson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-16 with Business & Economics categories.
The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.
Fiscal Consolidation In The Euro Area
DOWNLOAD
Author : Derek Anderson
language : en
Publisher:
Release Date : 2013
Fiscal Consolidation In The Euro Area written by Derek Anderson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The IMF's Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.
Structural Reforms In The Euro Area
DOWNLOAD
Author : Luc Everaert
language : en
Publisher: International Monetary Fund
Release Date : 2006-06
Structural Reforms In The Euro Area written by Luc Everaert and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06 with Business & Economics categories.
Using the IMF's Global Economic Model, calibrated to the European Union, the effects of reform in product and labor markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are sizable long-term gains in output and employment. Most of these gains accrue to the reforming country regardless of whether reform takes place elsewhere; conversely, spillovers of reform elsewhere are limited. Labor and services market reforms have transitional costs as they induce a temporary decline in consumption, but raising competition in goods markets can mitigate some of these costs. Thus, coordinating the timing of reforms across markets is beneficial, and the more so the more open the reforming economy. In addition, synchronizing structural reforms across large countries of the euro area could eliminate transition costs. Increased supply would allow monetary policy to ease without jeopardizing price stability objectives, though in practice uncertainty may prevent full accommodation.
Structural Reforms And External Rebalancing In The Euro Area
DOWNLOAD
Author : Lukas Vogel
language : en
Publisher:
Release Date : 2011
Structural Reforms And External Rebalancing In The Euro Area written by Lukas Vogel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Debts, External categories.
"Economic research paper on EMU and open economy macroeconomics. The paper uses a 3-region version (small open economy in EMU, other euro area, rest of the world) of QUEST to assess the impact of structural reforms on external positions along two dimensions, namely the impact of flexibility and prudence on the prevention of imbalances and the contribution of structural reforms to their correction. With regard to imbalance prevention, the impact of nominal price/wage flexibility above current levels on the reaction of external positions to bubble/demand shocks is modest and case-dependent; prudent collateral valuation mitigates overborrowing risks. Product market reform, wage moderation and fiscal consolidation can support/accelerate the correction of imbalances as they increase price competitiveness and improve trade/current account balances in the short and medium term (here, up to 5-6 years). Lasting structural reforms bring permanent trade competitiveness gains. The initial improvement of external balances narrows in the long run, however, because growth-enhancing reforms also raise import demand when income rises in the longer term. EMU-wide reforms affect balances with the rest of the world, but do not reduce disparities between EMU member states.."--Publication information page.
Fiscal Consolidation In The Euro Area
DOWNLOAD
Author : Mr.Derek Anderson
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-16
Fiscal Consolidation In The Euro Area written by Mr.Derek Anderson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-16 with Business & Economics categories.
The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.
Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain
DOWNLOAD
Author : Mr.Derek Anderson
language : ru
Publisher: International Monetary Fund
Release Date : 2013-10-16
Fiscal Consolidation In The Euro Area How Much Can Structural Reforms Ease The Pain written by Mr.Derek Anderson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-16 with Business & Economics categories.
The IMF’s Global Integrated Monetary and Fiscal model (GIMF) is used to examine the scope for structural reforms in the euro area to offset the negative impact of fiscal consolidation required to put public debt back on a sustainable path. The results suggest that structural reforms in core countries could quite reasonably be expected to offset the near term negative impact on activity arising from the required fiscal consolidation that uses a plausible mix of instruments to achieve the permanent improvement in the deficit. However, for the periphery, where the required consolidation is roughly twice as large as that required in the core, the results suggest that it would take several years before structural reforms could return the level of output back to its pre-consolidation path.
European Union
DOWNLOAD
Author : Vasileios Vlachos
language : en
Publisher: Springer
Release Date : 2019-06-14
European Union written by Vasileios Vlachos and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-14 with Business & Economics categories.
This book discusses the unprecedented impact of the financial and economic crisis on government finances and economic performance across Europe, which has raised skepticism on the ability of the current course of integration to promote prosperity. Correspondingly, the European Union is about to contract for the first time in its history. This timely book covers the economic issues that challenge the future of integration in Europe. The chapters are authored by international experts and examine current and emerging challenges and trends for the European Union: economic convergence, monetary policy, competition law, transport policy, the informal sector, employment, recovery and enlargement. Four chapters focus on Greece, which has been the greatest challenge faced by European institutions in the context of the sovereign debt crisis, and one chapter discusses the possible costs of Brexit. The reader will benefit from understanding the key economic challenges, which, if effectively addressed, will lead to deepening the union, or in contrast to a multi-speed Europe.
From Saviour To Guarantor
DOWNLOAD
Author : Fabio Bassan
language : en
Publisher: Springer
Release Date : 2015-08-25
From Saviour To Guarantor written by Fabio Bassan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-25 with Business & Economics categories.
State guarantees commonly function as financial panacea, allowing states to consolidate banking systems and create intergovernmental funds. Rules surrounding state guarantees were relaxed during the 2007-2008 financial crisis, allowing states to use them for financing small and medium-sized enterprises (SMEs) and workers' severance payments. Despite many multi-level interventions in many areas after the financial crisis, from international treaties to EU regulations, no specific regulation has been put in place to control state guarantees. This book addresses the subject of state guarantees in the Eurozone, and questions the stability of the instruments implemented so far by states and by the European Union. Using a methodology combining law and finance, it examines the tools adopted by European institutions and Member States in the EU's evolving institutional context, in order to evaluate the effectiveness of the tools themselves as well as of the new European institutional framework. It also addresses the unconventional measures adopted by the European Central Bank, its role as safeguard for European state guarantees and its interaction with the European Union and national courts. In From Saviour to Guarantor the authors suggest that the absence of specific regulatory interventions and the variety and vagueness of existing rules has resulted in state guarantees further destabilising public international finance.
Economic Policy Reforms 2016 Going For Growth Interim Report
DOWNLOAD
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-02-26
Economic Policy Reforms 2016 Going For Growth Interim Report written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-26 with categories.
Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and selected non-OECD countries (Brazil, China, Colombia, India, Indonesia, Latvia, Russian Federation and South Africa).