Macroeconomic Imbalances: Unemployment and Inequality

The Euro ◽  
2016 ◽  
pp. 87-102
Author(s):  
Jesper Jespersen
Keyword(s):  
Macroeconomic Imbalances

scholarly journals Fiscal and Other Rules in EU Economic Governance: Helpful, Largely Irrelevant or Unenforceable?

2017 ◽  
Vol 239 ◽  
pp. R3-R13 ◽  
Author(s):  
Iain Begg
Keyword(s):  
Political Economy ◽  
Fiscal Rules ◽  
The Political ◽  
Stability And Growth Pact ◽  
Economic Governance ◽  
Eu Member States ◽  
Growth Pact ◽  
Macroeconomic Imbalances ◽  
Eu Economic Governance ◽  
The Eu

EU Member States, particularly in the Euro Area, have been pushed to adopt more extensive and intrusive fiscal rules, but what is the evidence that the rules are succeeding? The EU level Stability and Growth Pact (SGP) has been – and remains – the most visible rule-book, but it has been complemented by a profusion of national rules and by new provisions on other sources of macroeconomic imbalance. Much of the analysis of rules has concentrated on their technical merits, but tends to neglect the political economy of compliance. This paper examines the latter, looking at compliance with fiscal rules at EU and Member State levels and at the rules-based mechanisms for curbing other macroeconomic imbalances. It concludes that politically driven implementation and enforcement shortcomings have been given too little attention, putting at risk the integrity and effectiveness of the rules.

Constraints to Economic Growth in South Africa

2021 ◽  
pp. 110-134
Author(s):  
Kenneth Creamer
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Industrial Structure ◽  
Commodity Price ◽  
Structural Factors ◽  
Weak State ◽  
Policy Interventions ◽  
Macroeconomic Imbalances ◽  
History Of ◽  
The Impact

This chapter analyses the drivers and constraints on the rate of economic growth in South Africa from the 1950’s apartheid-era through to the democratic period post-1994. Key structural factors identified as impacting on the rate and composition of economic growth include the country’s history of racial injustice and exclusion, its industrial structure and linkages to the global commodity price cycle, the evolution of macroeconomic imbalances and related infrastructure investment failures, and the impact of weak state capacity and corruption. Thereafter, the chapter outlines a number of strategic policy interventions for overcoming constraints to inclusive economic growth in South Africa.

scholarly journals Capital Account Liberalization: The Case of Turkey

1992 ◽  
Vol 8 ◽  
pp. 89-108 ◽  
Author(s):  
Melike Altinkemer ◽  
Nazim K. Ekinci
Keyword(s):  
Relevant Literature ◽  
Foreign Debt ◽  
Balance Of Payments ◽  
Capital Account ◽  
Policy Changes ◽  
Capital Account Liberalization ◽  
Middle Income ◽  
Macroeconomic Imbalances ◽  
Inflation Rates ◽  
High Inflation

After experiencing serious macroeconomic imbalances in the 1977-1980 period, fundamental policy changes were introduced in Turkey on January 24, 1980. The problems addressed were typical of a middle income country constrained by its balance of payments: inability to service foreign debt and inability to finance imports required for production, high inflation rates, and all other related macroeconomic imbalances. The reasons for the 1977-1980 crisis and subsequent developments, including post-1980 developments, have already been studied extensively by a number of researchers. We shall, therefore, refer the reader to the relevant literature (e.g. Celasun and Rodrik, 1989; Ekinci, 1990; Uygur, 1991) and concentrate on the narrower topic of external financial liberalization or capital account liberalization and the related topic of exchange rates which has attracted much less attention.

scholarly journals Sectoral allocation and macroeconomic imbalances in EMU

2020 ◽  
Vol 156 (4) ◽  
pp. 945-984
Author(s):  
Niels Gilbert ◽  
Sebastiaan Pool
Keyword(s):  
Macroeconomic Imbalances

Long-term challenges cloud Ethiopia’s economic reforms

2019 ◽  
Keyword(s):  
Foreign Currency ◽  
Economic Reforms ◽  
Sharp Drop ◽  
Content Type ◽  
Economic Output ◽  
Gender Parity ◽  
Public Investments ◽  
Macroeconomic Imbalances ◽  
Gulf States

Subject Outlook for Ethiopia's economic reforms. Significance Prime Minister Abiy Ahmed has taken advantage of political goodwill following his election to consolidate difficult policies correcting macroeconomic imbalances. Inflation is expected to continue falling despite a late-2017 currency devaluation, as will debt and the fiscal deficit. However, this will be balanced by slower GDP growth, reflecting a sharp drop-off in public investments and a still-emerging private sector. Impacts Electricity exports could generate 1 billion dollars by 2022, surpassing coffee as the largest foreign currency earner. The push for gender parity in politics and beyond could raise economic output by 24% in the long term. More aid could come from Gulf states if Ethiopia resolves its conflict with Egypt over the Grand Ethiopian Renaissance Dam.

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