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Regional Economic Outlook, May 2018, Europe

Managing the Upswing in Uncertain Times

The Spring EUR REO projects the economic outlook for the region for the next six months.

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

Regional Economic Outlook, May 2018, Europe
			: Managing the Upswing in Uncertain Times

Regional Economic Outlook, May 2018, Europe : Managing the Upswing in Uncertain Times »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2018

DOI: http://dx.doi.org/10.5089/9781484339909.086

ISBN: 9781484339909

Europe continues to enjoy a strong growth spurt. Growth has firmed up in many European economies and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The...

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method

Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method »

Volume/Issue: 2016/171

Series: IMF Working Papers

Author(s): Bibek Adhikari , Romain Duval , Bingjie Hu , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 August 2016

DOI: http://dx.doi.org/10.5089/9781475524277.001

ISBN: 9781475524277

Keywords: structural reforms, synthetic control method,liberalization, labor and productivity market reforms, growth.

A number of advanced economies carried out a sequence of extensive reforms of their labor and product markets in the 1990s and early 2000s. Using the Synthetic Control Method (SCM), this paper implements six case s...

The Challenge of Public Pension Reform in Advanced and Emerging Economies

The Challenge of Public Pension Reform in Advanced and Emerging Economies »

Series: Occasional Papers

Author(s): Benedict Clements , David Coady , Frank Eich , Sanjeev Gupta , Alvar Kangur , Baoping Shang , and Mauricio Soto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2016

Language: Chinese

DOI: http://dx.doi.org/10.5089/9787504979971.084

ISBN: 9787504979971

Keywords: Pension reforms, Developed countries, Emerging markets, Pensions, Government expenditures, Cross country analysis, emerging market economies, retirement, pensions, pension spending

Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as the population...

Estimating VAT Pass Through

Estimating VAT Pass Through »

Volume/Issue: 2015/214

Series: IMF Working Papers

Author(s): Dora Benedek , Ruud A. Mooij , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2015

DOI: http://dx.doi.org/10.5089/9781513586359.001

ISBN: 9781513586359

Keywords: Tax incidence, Price effect, Pass through, consumption, prices, goods, elasticity, value, Incidence, Business Taxes and Subsidies,

This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through i...

Financial Factors
			: Implications for Output Gaps

Financial Factors : Implications for Output Gaps »

Volume/Issue: 2015/153

Series: IMF Working Papers

Author(s): Pau Rabanal , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2015

DOI: http://dx.doi.org/10.5089/9781513512860.001

ISBN: 9781513512860

Keywords: Monetary Union, Output Gap, Financial Frictions, Bayesian Estimation, potential output, credit, costs, monetary policy, Model Construction and Estimation, Monetary Policy (Targets

We suggest a new approach for analyzing the role of financial variables and shocks in computing the output gap. We estimate a two-region DSGE model for the euro area, with financial frictions at the household level...

Playing by the Rules
			: Reforming Fiscal Governance in Europe

Playing by the Rules : Reforming Fiscal Governance in Europe »

Volume/Issue: 2015/67

Series: IMF Working Papers

Author(s): Luc Eyraud , and Tao Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 2015

DOI: http://dx.doi.org/10.5089/9781484300282.001

ISBN: 9781484300282

Keywords: Fiscal Policy, Fiscal Rules, EMU, fiscal, governance, public debt, states, enforcement, General, Intergovernmental Relations,

The paper contributes to the discussions on fiscal governance in Europe. It takes stock of recent reforms, identifies areas for further progress, and discusses a menu of policy options for the medium-term. The issu...

Investment in the Euro Area
			: Why Has It Been Weak?

Investment in the Euro Area : Why Has It Been Weak? »

Volume/Issue: 2015/32

Series: IMF Working Papers

Author(s): Bergljot Barkbu , Pelin Berkmen , Pavel Lukyantsau , Sergejs Saksonovs , and Hanni Schoelermann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2015

DOI: http://dx.doi.org/10.5089/9781498364805.001

ISBN: 9781498364805

Keywords: credit rationing, capital, lending,

Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explai...

Youth Unemployment in Advanced Europe
			: Okun's Law and Beyond

Youth Unemployment in Advanced Europe : Okun's Law and Beyond »

Volume/Issue: 2015/5

Series: IMF Working Papers

Author(s): Angana Banerji , Huidan Lin , and Sergejs Saksonovs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2015

DOI: http://dx.doi.org/10.5089/9781498382519.001

ISBN: 9781498382519

Keywords: Youth employment, youth unemployment, Okun&;amp;#x2019;s law, business cycle, labor market factors, labor market, labor, employment, General, Labor Force and Employment

The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at unprecedented highs in some European countries. This paper assesses the main drivers of youth un...

Los regímenes de tipo de cambio y la estabilidad del sistema monetario internacional

Los regímenes de tipo de cambio y la estabilidad del sistema monetario internacional »

Series: Occasional Papers

Author(s): Atish Ghosh , Jonathan Ostry , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781498324076.084

ISBN: 9781498324076

Keywords: Exchange rate regimes, Financial stability, International monetary system, Reserve currencies, Reserves accumulation, Trade integration, tipo de cambio, régimen de tipo de cambio, tipos de cambio, tipo de cambio real

Los países miembros del Fondo Monetario Internacional colaboran para asegurar que los regímenes cambiarios funcionen ordenadamente y para fomentar la estabilidad del sistema cambiario, reconociendo que el objetivo...