Latest Documents


15-October-2009

English

Iceland: Challenging Times for Monetary and Fiscal Policies (Economics Department Working Paper 726)

This working paper discusses what policy makers should do in order to restore balance in the Icelandic economy and lay out the foundations for a sustainable recovery.

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15-October-2009

English, , 498kb

Estonia and euro adoption: Small country challenges of joining EMU - Annex supplement

Data and supplementary tables from Economics Department working paper on Estonia and euro adoption: Small country challenges of joining EMU.

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15-October-2009

English

Estonia and euro adoption: Small country challenges of joining EMU

The ongoing financial crisis has put euro adoption at the top of Estonia's policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the structure of its economy also notably differs from the euro zone.

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15-October-2009

English

Iceland: The Financial and Economic Crisis (Economics Department Working Paper 725)

This working paper begins with a discussion of the factors that made the banks, non-financial firms and households vulnerable to deterioration in global financial markets. It then describes the failure of the banks, its direct impact on government debt, the IMF SBA and the economic outlook.

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30-September-2009

English

Economic Survey of Japan 2009: Overcoming the global crisis: the need for a new growth model

As attention shifts to fiscal consolidation, sustaining output growth will depend increasingly on private domestic demand, requiring reforms, particularly in the labour market and the non-manufacturing sector.

30-September-2009

English

The role of transparency in the conduct of monetary policy

In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features characterising the conduct of monetary policy.

30-September-2009

English

Economic Survey of Japan 2009: Financial stability: overcoming the crisis and improving the efficiency of the banking sector

Emergency measures adopted in the wake of the global crisis should be phased out once a recovery is in place, while adopting reforms to address chronic problems in the financial sector and increase efficiency.

21-September-2009

English

Economic Survey of the European Union 2009: Policies to overcome the crisis

The EU economy has experienced a deep economic slump. Ongoing financial reforms and the structural reform agenda must be pursued to make future crises less likely and improve growth prospects.

2-September-2009

English

Economic Survey of Iceland 2009: The financial and economic crisis

Iceland’s main banks, which had pursued risky expansion strategies, failed in the wake of the global financial crisis, plunging the economy into a deep recession. Prudential supervision needs to be improved.

2-September-2009

English

Economic Survey of Iceland 2009: Challenging times for monetary and fiscal policies

Inflation performance has been unsatisfactory. By joining the euro area, Iceland would share the benefits of the ECB’s credibility. Substantial fiscal consolidation is required following the financial crisis.

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