Monetary and Financial Issues

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News

Economic survey of Canada 2008: Macroeconomic policies for the end of a boom cycle

11-Jun-2008

Canada is a top OECD performer and has done remarkably well in boosting female employment, reducing unemployment, avoiding Dutch disease, and cutting the debt and tax burdens. Recent macroeconomic performance has been strong, and Canada is weathering the global financial crisis and slowdown as well as can be expected.

Economic survey of Ireland 2008: Financial stability: banking on prudence

16-Apr-2008

Lending has been strong, with debt ratios reaching very high levels. The Central Bank and Financial Services Authority of Ireland (CBFSAI) had clearly identified the major vulnerabilities and taken action to mitigate them. The Irish banks are well-capitalised and profitable, which provides a cushion to weather the more difficult times ahead. This chapter reviews financial market developments, the actions by the CBFSAI and the new policy issues that have come to the fore with the financial market turmoil.

Economic survey of Sweden 2007: Why has inflation been persistently low?

14-Feb-2007

Since the 1990s' crisis, Sweden has greatly improved its macroeconomic policies. All parts of society benefit from strong productivity growth, stable inflation expectations and public budget surpluses. Meanwhile, combating exclusion in the labour market is a key challenge, along with distortions in the housing market.

A golden rule for Russia? How a rule-based fiscal policy can allow a smooth adjustment to the new terms of trade

23-Jan-2007

This chapter addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management, particularly with respect to competitiveness and inflation. Economics Department Working Paper 537 by Christian Gianella.




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