Author: Martin FetherstonPublisher:
ISBN:
Category :
Languages : en
Pages : 53
Book Description
Denmark: 2004 Article IV Consultation
Author: Martin FetherstonDenmark
Author: Denmark: 2004 Article IV Consultation--Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Denmark
Author: International Monetary FundPublisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451811056
Category :
Languages : en
Pages : 53
Book Description
The staff report for the 2004 Article IV Consultation on Denmark focuses on economic developments and policies. Labor market reforms led to a sustained increase in structural employment, while careful fiscal policy in the context of a clear medium-term sustainability strategy delivered budget surpluses and a steady decline in government debt as a share of GDP. Fiscal policy in Denmark is based on a medium-term strategy to accommodate the pressures from an aging population while maintaining the welfare state without increasing taxes.
Denmark
Author: Denmark
Author: Denmark
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451811233
Category : Business & Economics
Languages : en
Pages : 43
Book Description
The key findings of Denmark’s 2008 Article IV Consultation are examined. The global liquidity crisis put the financial sector under severe stress, but most banks have weathered the crisis well owing to strong initial positions and supportive policies. The crisis accelerated a downturn that had begun in 2007 and tilted the balance of macroeconomic risk toward recession. The macroeconomic policy mix is appropriate, including higher interest rates to support the exchange rate peg and an expansionary budget to add a countercyclical thrust to the strong stabilizing effect of Denmark’s automatic stabilizers.
Denmark: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Supplement
Author: International MonetaryPublisher: International Monetary Fund
ISBN: 1513573217
Category : Business & Economics
Languages : en
Pages : 84
Book Description
Denmark entered the pandemic on a strong economic footing and utilized its large policy space built over time to successfully address the crisis and lay the ground for a strong recovery. The outlook is for a rebound in activity, but uncertainty remains elevated with risks tilted to the downside. Macrofinancial vulnerabilities persist as housing price growth has accelerated and household debt remains high. The current account declined but remains in surplus.
Denmark
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1498385311
Category : Business & Economics
Languages : en
Pages : 47
Book Description
This 2014 Article IV Consultation highlights that the Danish economy is recovering slowly and unevenly. The economy contracted slightly in 2013, but it looks likely to accelerate modestly in 2014. Growth is held down by a trend decline in North Sea oil and gas production as well as exports to euro-area partners. At the same time, private domestic demand and non-oil exports are supporting growth. The recovery is likely to continue but remain fragile. Annual growth is estimated at 0.7 percent in 2014, projected to increase to 1.4 percent in 2015, and trend to slightly above 2 percent thereafter.
IMF Survey
Author: International Monetary FundPublisher:
ISBN:
Category : International finance
Languages : en
Pages : 404
Book Description
Rating Politics
Author: Zsófia BartaPublisher: Oxford University Press
ISBN: 0198878192
Category : Political Science
Languages : en
Pages : 225
Book Description
How do countries' political and policy choices affect the credit ratings they receive? Sovereign ratings influence countries' cost of funding, and observers have long worried that rating agencies - these unelected, unappointed, unaccountable, for-profit organizations - can interfere with democratic sovereignty if they assign lower ratings to certain political and policy choices. The questions of whether, how, and why ratings react to policy and politics, however, remain unexplored. Rating Politics opens the black box of sovereign ratings to uncover the logic that drives rating responses to political and policy factors. Relying on statistical analysis of rating scores, interviews with sovereign rating analysts, and a close reading of the official communications of rating agencies about their decisions, Zsófia Barta and Alison Johnston show that ratings penalize center-left governments and many (though not all) policies associated with the center-left agenda. The motivation for such penalties is not rooted in assumptions about how those political and policy features affect growth and debt servicing capacity. Instead, ratings are lower in the presence of those features because they are expected to make a country more vulnerable to market panics whenever the economy is hit by unforeseen shocks, as they signal insufficient willingness and/or ability to engage in determined austerity for the sake of reassuring markets. Since market panics and the resulting "sudden stops" of funding lead to humiliating collapses of ratings, rating agencies attempt to insure themselves against "rating failures" by pre-emptively assigning lower ratings to countries with the "wrong" political and policy mix.