Paulo Medas: 3 books
by Jörg Decressin, Ioannis Halikias, Michael Kumhof
Language: English
Release Date: November 17, 2015
Language: English
Release Date: November 17, 2015
The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy and for the entire euro area. If all crisis-hit economies undertake wage moderation together,...
by Aasim Mr. Husain, Rabah Mr. Arezki, Peter Mr. Breuer
Language: English
Release Date: July 14, 2015
Language: English
Release Date: July 14, 2015
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist...
by Mauricio Mr. Villafuerte, Rolando Mr. Ossowski, Theo Thomas
Language: English
Release Date: April 30, 2008
Language: English
Release Date: April 30, 2008
Oil-producing countries have benefited from rising oil prices in recent years. The increase in oil exports and oil revenues has had major implications for these countries. These developments have revealed how governments manage their fiscal policies in light of changing oil-market conditions and the...