15-December-2010
English
Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important weaknesses in the macroeconomic management of the monetary union.
15-December-2010
English
There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance.
15-December-2010
English
This paper considers the increase in current account imbalances in euro area countries since the early 1990s.
15-December-2010
English
This paper describes the dynamics of the external positions of euro area countries since the formation of EMU.
14-December-2010
English
This paper tests the hypothesis that, by giving people more voice in the government decision-making process, fiscal decentralisation fosters social capital, measured in terms of interpersonal trust.
14-December-2010
English
Despite large differences across countries, Latin America’s average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison.
9-December-2010
English
Although Canada remains in an advantageous fiscal position relative to many other OECD countries as the global economy recovers from the 2008/09 recession, the deterioration in the country’s public finances has been substantial.
9-December-2010
English
Turkey is recovering from its most severe recession in several decades.
9-December-2010
English
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.
9-December-2010
English
Turkey is recovering from a severe recession. Once growth gains full speed, the authorities will likely face the challenge of widening external imbalances and of ensuring a smooth functioning of the financial markets.