Hostname: page-component-77c89778f8-9q27g Total loading time: 0 Render date: 2024-07-19T11:25:51.953Z Has data issue: false hasContentIssue false

Domestic Imbalances and European Growth

Published online by Cambridge University Press:  26 March 2020

Extract

The recovery in Europe seems to be gradually progressing, although it remains fairly slow relative to developments in Asia and North America and uneven across countries. In the first quarter of 2010 the economy of the EU grew by ¼ per cent, marking the third consecutive quarter of growth after the deep decline of 2.6 per cent recorded in the first quarter of 2009.

Type
The World Economy
Copyright
Copyright © 2010 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barrell, R., Davis, P., Karim, D. and Liadze, I. (2010a), ‘The impact of global imbalances: does the current account balance help to predict banking crises in OECD countries?’, NIESR Working Paper No 351.Google Scholar
Barrell, R., Fic, T. and Holland, D. (2010), ‘Fiscal positions in the EU economies and prospects for consolidation’, presented at 7th Euroframe Conference on Economic Policy Issues in the European Union, Amsterdam, June 2010.Google Scholar
Barrell, R., Fic, T. and Liadze, I. (2009), ‘Fiscal policy effectiveness in a banking crisis, ’ National Institute Economic Review, 207, pp. 4350.CrossRefGoogle Scholar
Barrell, R. and Holland, D.(2010), ‘Fiscal and financial responses to the economic downturn’, National Institute Economic Review, 211, pp. R51R62.CrossRefGoogle Scholar
Barrell, R., Holland, D. and Liadze, I. (2010), ‘Accounting for UK economic performance, 1973-2009’, NIESR Discussion Paper (forthcoming).Google Scholar
Barrell, R., Hurst, A.I., and Mitchell, J. (2009), ‘Uncertainty bounds for cyclically adjusted budget balances’, in Larch, M. and Martins, L.N. (eds) Fiscal Indicators, London, Routledge, pp. 187206.Google Scholar
Barro, R.J.(2009), ‘Government spending is no free lunch’, The Wall Street Journal, January 22, p. A17.Google Scholar
Blanchard, O. and Perotti, R. (2002), ‘An empirical characterisation of the dynamic effects of changes in government spending and taxes on output’, Quarterly Journal of Economics, 117 (4), pp. 1329–68.CrossRefGoogle Scholar
Brunila, A., Buti, M. and in't Veld, J.W. (2002), ‘Fiscal policy in Europe: how effective are the automatic stabilisers?’, European Economy - Economic Papers, 177.Google Scholar
Coenen, G., Erceg, C., Freedman, C., Furceri, D., Kumhof, M., Lalonde, R., Laxton, D., Lindé, J., Mourougane, A., Muir, D., Mursula, S., de Resende, C., Roberts, J., Roeger, W., Snudden, S., Trabandt, M. and in ‘t Veld, J., (2010), ‘Effects of fiscal stimulus in structural models,’, IMF Working Paper, WP/10/73.Google Scholar
Girouard, N. and André, C. (2005) ‘Measuring cyclically-adjusted budget balances for OECD countries’, OECD Economics Department Working Paper No. 434.Google Scholar
Holland, D., Kirby, S. and Whitworth, R.(2010), ‘A comparison of labour market responses to the global downturn’, National Institute Economic Review, 211, pp. F38F42.CrossRefGoogle Scholar
Melitz, J. (2000), ‘Some cross country evidence about fiscal policy behaviour and the consequences for EMU’, European Economy - Reports and Studies, 2, pp. 321.Google Scholar
OECD (2009), Economic Outlook, Interim Report, March 2009, Appendix 3.2.Google Scholar
OECD (2010), OECD Employment Outlook: Moving beyond the jobs crisis.Google Scholar
Romer, C. and Bernstein, J. (2009), ‘The job impact of the American recovery and reinvestment plan’, Council of Economic Advisers, January.Google Scholar
Spilimbergo, A., Symansky, S. and Schindler, M. (2009), ‘Fiscal Multipliers’, IMF Staff Position Note, SPN/09/11CrossRefGoogle Scholar
Wyplosz, C. (2002), ‘Fiscal policy: institutions vs rules’, CEPR Discussion Papers, 3238.Google Scholar