scholarly journals Bond Spreads and Economic Activity in Eight European Economies

2016 ◽  
Vol 126 (598) ◽  
pp. 2257-2291 ◽  
Author(s):  
Michael Bleaney ◽  
Paul Mizen ◽  
Veronica Veleanu
Keyword(s):  
Economic Activity ◽  
European Economies ◽  
Bond Spreads

scholarly journals Ecuador

2019 ◽  
Vol 19 (210) ◽  
pp. 1
Author(s):  
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
Oil Prices ◽  
External Financing ◽  
Fiscal Consolidation ◽  
Credit Growth ◽  
Sovereign Bond ◽  
Bond Spreads ◽  
The Imf

A 36-month EFF with access of SDR 3.035 billion (435 percent of quota or about US$4.204 billion) was approved on March 11, 2019. Economic activity is projected to decelerate further in 2019 as fiscal consolidation and a slowdown in credit growth weigh on economic growth. However, external financing conditions have improved on the back of rising oil prices and the approval of the IMF program, with sovereign bond spreads falling by 250 basis points since January 1, 2019.

Summary and Appraisal

1991 ◽  
Vol 135 ◽  
pp. 3-8
Keyword(s):  
United States ◽  
Economic Activity ◽  
World Economy ◽  
Slow Growth ◽  
Oil Prices ◽  
The United States ◽  
Investment Demand ◽  
The World ◽  
The Uk ◽  
European Economies

It is clear now that 1991 will be a year of slow growth for the world economy. In the United States in particular there is real fear that a contraction of credit will result in a sharp cutback of economic activity. Our central expectation is that a reduction in inflation, helped by lower oil prices, and a rather more relaxed monetary policy will prevent a deep or prolonged downturn in America. Moreover the buoyancy of investment demand in Germany will help sustain activity in the European economies. The case of the UK economy is potentially more serious, although even here it is reasonable to expect a recovery from the recession to be under way by the end of this year.

scholarly journals Long-term Resilient Labour Strategies to Deal with the Economic Crisis in Europe Using Qualitative Comparative Analysis (QCA)

2021 ◽  
Vol 10 (3) ◽  
pp. 9-23
Author(s):  
Sandra Martínez-Molina ◽  
Paula Sabater Pavía ◽  
Jorge Garcés Ferrer
Keyword(s):  
Comparative Analysis ◽  
Labour Market ◽  
Economic Crisis ◽  
Economic Activity ◽  
Negative Impact ◽  
Qualitative Comparative Analysis ◽  
Temporary Employment ◽  
Labour Markets ◽  
European Economies

The crisis has had a negative impact on both European economies and labour markets with different effects among countries, raising the importance of analysing the labour market resilience. This paper seeks to identify which strategies and labour adjustments have led European labour markets to both resilient and non-resilient results by using Qualitative Comparative Analysis (QCA). The findings show two different configurations explaining 57% of the resilient cases and four configurations explaining 74% of the non-resilient cases. The results of this study revealed three important issues. First of all, the same strategy was found to have different results on labour markets. This fact stressed that the context in which different measures are imposed is a decisive factor in their success. Secondly, resilient strategies underlined the importance of “flexibility”, by increasing temporary employment together with other conditions to escape from the crisis. Finally, the non-resilient results stress the importance of the imbalance between the flexicurity dimensions and the effect of the fall in economic activity on not being resilient in the long-term.

Economic Activity

1967 ◽  
Author(s):  
G. C. Harcourt ◽  
P. H. Karmel ◽  
R. H. Wallace
Keyword(s):  
Economic Activity

Institutional Specifics of Business Self-regulation

2003 ◽  
pp. 88-98 ◽  
Author(s):  
A. Obydenov
Keyword(s):  
Economic Activity ◽  
Self Regulation ◽  
Institutional Arrangement ◽  
Voluntary Membership ◽  
Sufficient Set ◽  
The Subject ◽  
Necessary And Sufficient ◽  
Object Of Control ◽  
Self Enforcement

Self-regulation appears to be a special institution where economic actors establish their own rules of economic activity for themselves in a specific business field. At the same time they are the object of control within these rules and the subject of legal management of the controller. Self-regulation contains necessary prerequisites for fundamental resolution of the problem of "controlling the controller". The necessary and sufficient set of five self-regulation organization functions provides efficiency of self-regulation as the institutional arrangement. The voluntary membership in a self-regulation organization is essential for ensuring self-enforcement of institutional arrangement of self-regulation.

Economic effects of monetary policy in Russia: What do large datasets tell us?

2020 ◽  
pp. 31-53 ◽  
Author(s):  
Anna A. Pestova ◽  
Natalia A. Rostova
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Interest Rates ◽  
Economic Activity ◽  
Global Financial Crisis ◽  
Exchange Rate Regime ◽  
Aggregate Demand ◽  
Economic Effects ◽  
Theoretical Concepts ◽  
Empirical Estimates

Is the Bank of Russia able to control inflation and, at the same time, manage aggregate demand using its interest rate instruments? In other words, are empirical estimates of the effects of monetary policy in Russia consistent with the theoretical concepts and experience of advanced economies? This paper is aimed at addressing these issues. Unlike previous research, we employ “big data” — a large dataset of macroeconomic and financial data — to estimate the effects of monetary policy in Russia. We focus exclusively on the period after the 2008—2009 global financial crisis when the Bank of Russia announced the abandoning of its fixed ruble exchange rate regime and started to gradually transit to an interest rate management. Our estimation results do not confirm standard responses of key economic activity and price variables to tightening of monetary policy. Specifically, our estimates do not reveal a statistically significant restraining effect of the Bank of Russia’s policy of high interest rates on inflation in recent years. At the same time, we find a significant deteriorating effect of the monetary tightening on economic activity indicators: according to our conservative estimates, each of the key rate increases occurred in March and December 2014 had led to a decrease in the industrial production index by about 0.2 percentage points within a year.

Mechanisms of Global Governance: Economic Analysis

2013 ◽  
pp. 4-28 ◽  
Author(s):  
L. Grigoryev ◽  
A. Kurdin
Keyword(s):  
Property Rights ◽  
Economic Analysis ◽  
Global Governance ◽  
International Organizations ◽  
Economic Activity ◽  
Global Level ◽  
Narrow Sense ◽  
Key Characteristics ◽  
Global Problems

The coordination of economic activity at the global level is carried out through different mechanisms, which regulate activities of companies, states, international organizations. In spite of wide diversity of entrenched mechanisms of governance in different areas, they can be classified on the basis of key characteristics, including distribution of property rights, mechanisms of governance (in the narrow sense according to O. Williamson), mechanisms of expansion. This approach can contribute not only to classifying existing institutions but also to designing new ones. The modern aggravation of global problems may require rethinking mechanisms of global governance. The authors offer the universal framework for considering this problem and its possible solutions.

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