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OECD Economic Surveys: Belgium 2020

OECD Economic Surveys: Belgium 2020 PDF Author: Oecd
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264911161
Category : Business & Economics
Languages : en
Pages : 122

Book Description
Swiss citizens continue to enjoy high living standards on a range of dimensions. Economic growth has slowed but the healthy labour market is still supporting incomes and consumption. However, risks to the outlook are building. Monetary policy has been very accommodative but low interest rates are adding to financial risks. Fiscal policy is sound and debt low. There is scope to make greater use of available fiscal space. Adapting to population ageing is becoming pressing. This trend, along with digital transformation, will bring new opportunities for the economy and society, but challenges as well. Policies have not kept up with rising life expectancy, particularly the statutory retirement age. Updating the pension system and lowering barriers to working longer would ensure that workers continue to receive adequate incomes during retirement. Ageing will also pressure health care spending and increase demand for long-term care. Policies to contain costs and reduce fragmentation in the system can help maintain access to quality care. Switzerland is well placed to seize the opportunities offered by new technologies. Addressing the barriers to adoption, improving the availability of information and helping workers adapt will enable firms, individuals and governments to reap the benefits of digitalisation. SPECIAL FEATURE: POLICIES FOR AN AGEING SOCIETY

OECD Economic Surveys: Belgium 2020

OECD Economic Surveys: Belgium 2020 PDF Author: Oecd
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264911161
Category : Business & Economics
Languages : en
Pages : 122

Book Description
Swiss citizens continue to enjoy high living standards on a range of dimensions. Economic growth has slowed but the healthy labour market is still supporting incomes and consumption. However, risks to the outlook are building. Monetary policy has been very accommodative but low interest rates are adding to financial risks. Fiscal policy is sound and debt low. There is scope to make greater use of available fiscal space. Adapting to population ageing is becoming pressing. This trend, along with digital transformation, will bring new opportunities for the economy and society, but challenges as well. Policies have not kept up with rising life expectancy, particularly the statutory retirement age. Updating the pension system and lowering barriers to working longer would ensure that workers continue to receive adequate incomes during retirement. Ageing will also pressure health care spending and increase demand for long-term care. Policies to contain costs and reduce fragmentation in the system can help maintain access to quality care. Switzerland is well placed to seize the opportunities offered by new technologies. Addressing the barriers to adoption, improving the availability of information and helping workers adapt will enable firms, individuals and governments to reap the benefits of digitalisation. SPECIAL FEATURE: POLICIES FOR AN AGEING SOCIETY

The Economic and Financial Situation in Austria

The Economic and Financial Situation in Austria PDF Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Austria
Languages : en
Pages : 154

Book Description


Ireland and the Politics of Change

Ireland and the Politics of Change PDF Author: William J. Crotty
Publisher: Routledge
ISBN: 1317881176
Category : Political Science
Languages : en
Pages : 314

Book Description
Ireland and the Politics of Change provides a timely assessment of the fundamental changes that have occurred in Irish society over the last several decades from the standpoint of their political significance. There is a particular concern with the leadership role of government and other political institutions in stimulating, managing and responding to the changes taking place that are of fundamental importance to understanding contemporary politics and today's Ireland in the world community. Considerable social, economic, demographic and international change has taken place within Ireland (and Northern Ireland) and without in relation to the rest of the world, and particularly in response to the association with the European Union. Ireland and the Politics of Change examines institutional developments, economic forces, demographic and attitudinal profiles and group-based (religious, gender, class) concerns as they have evolved and assesses their significance for policy enactment and political representation.

One Market, One Money

One Market, One Money PDF Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356

Book Description
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Sustainability of Public Finances

Sustainability of Public Finances PDF Author: Roberto Perotti
Publisher: Centre for Economic Policy Research
ISBN: 9781898128359
Category : Business & Economics
Languages : en
Pages : 88

Book Description
A central tenet of the Maastricht Treaty is that a successful European Monetary Union requires sustainable public finances of its member states, yet there is no clear definition of sustainability. This book develops a concept of sustainability focusing on the controllability of public finances. After reviewing the theoretical and empirical arguments for a disaggregate and institutions-oriented approach to correcting non-sustainable deficits, the authors propose a practical procedure to assess the sustainability of a country's public finances.

Development of the Portugese Economy

Development of the Portugese Economy PDF Author: David Corkhill
Publisher: Routledge
ISBN: 1134759118
Category : Business & Economics
Languages : en
Pages : 364

Book Description
This book reveals how the previously weak Portuguese economy has now experienced growth, convergence, structural change and international competition. David Corkhill analyses the Europeanization of the Portuguese economy in the context of closer European integration, globalization and the struggle to achieve international competitiveness. It also assesses the pitfalls Portugal may face as part of Europe.

European Economy

European Economy PDF Author:
Publisher:
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 690

Book Description


Current Issues in Economic Growth

Current Issues in Economic Growth PDF Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 182

Book Description


EMU

EMU PDF Author: Maurice Obstfeld
Publisher: Princeton University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 44

Book Description
In this paper I focus on two specific hazard areas in the transition from Stage Two to Stage Three of European economic and monetary union (EMU), as well as on some key problems of Stage Three that EMU's monetary and fiscal structures appear ill-prepared to handle. The transitional hazards are of considerable theoretical as well as policy interest: the best way to coordinate monetary stances and lock exchange parties for a smooth switch from eleven national currencies to a single joint currency. A third problems, one that is central for EMU and to any currency union, lies behind the difficulty of the transition: the possibility of nationally asymmetric real shocks. I review that topic in the context of Ireland's recent experience. The paper goes on to discuss weaknesses in the structure of Stage Three, already much noted, connected with the provision of lender of last resort facilities in the euro zone and the framework for supervising financial institutions. The deficit and debt limits embodies in the excessive deficits procedure of the Maastrich treaty and the subsequent Stability and Growth Pact have been justified by the threat high debts might pose to the stability of the euro zone's financial markets. I consider the past and prospective fiscal adjustments of the EMU 11, and suggest these might pose future difficulties for macroeconomic policy and growth.

Economic Convergence in the Euro Area: Coming Together or Drifting Apart?

Economic Convergence in the Euro Area: Coming Together or Drifting Apart? PDF Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1484338499
Category : Business & Economics
Languages : en
Pages : 47

Book Description
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.