Portugal

Portugal
Author: Álvaro Pina
Publisher:
Total Pages: 36
Release: 2012
Genre:
ISBN:

OECD Economic Surveys: Portugal 2012

OECD Economic Surveys: Portugal 2012
Author: OECD
Publisher: OECD Publishing
Total Pages: 119
Release: 2012-08-13
Genre:
ISBN: 9264127992

OECD's periodic economic review of Portugal that examines recent economic developments, policies, and prospects. In addition, this edition focuses on improving credit and investment allocation.

Portugal

Portugal
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 122
Release: 2015-05-15
Genre: Business & Economics
ISBN: 1475556136

This Selected Issues paper takes stock of structural reforms in Portugal from a firm-level perspective. Structural reforms were the main available policy tool to mend Portugal’s accumulated imbalances. Portugal’s macroeconomic toolbox was severely constrained by monetary union membership and spillover considerations. This paper discusses what structural reforms were supposed to achieve at the firm level. It documents a few stylized facts about Portuguese firms and describes the structural reform agenda. The paper also reports the results of a firm survey on the perceived effectiveness of the structural reforms.

From Crisis to Convergence

From Crisis to Convergence
Author: Mr.Dmitry Gershenson
Publisher: International Monetary Fund
Total Pages: 123
Release: 2016-03-25
Genre: Business & Economics
ISBN: 147554832X

In 2011, following years of large-scale external imbalances financed by debt, Portugal’s economy reached a crisis point. To restore economic growth and credibility with international lenders, the country embarked on a difficult path of fiscal adjustment and structural reforms. By many metrics, Portugal’s 2011–14 macroeconomic stabilization program has been a success, but going forward Portugal would benefit from policies to reduce vulnerabilities, absorb labor slack, and generate sustainable growth.

The Mechanics of a Strong Euro Area

The Mechanics of a Strong Euro Area
Author: Ms.Petya Koeva Brooks
Publisher: International Monetary Fund
Total Pages: 286
Release: 2015-10-21
Genre: Business & Economics
ISBN: 1498305539

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-time policy advice given to euro area policymakers during four cycles of the IMF’s annual Article IV consultations (2012–15) with euro area authorities.

OECD Economic Surveys: Portugal 2012

OECD Economic Surveys: Portugal 2012
Author: OECD
Publisher: OECD Publishing
Total Pages: 120
Release: 2012-08-30
Genre:
ISBN: 9789264127982

OECD's periodic economic review of Portugal that examines recent economic developments, policies, and prospects. In addition, this edition focuses on improving credit and investment allocation.

Euro Area Policies

Euro Area Policies
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 114
Release: 2014-07-14
Genre: Business & Economics
ISBN: 1498308007

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult unemployment. Labor market institutions also play an important role, especially the tax wedge, minimum wages, and spending on active labor market policies. The paper highlights that policies to address youth unemployment should be comprehensive and country specific, focusing on reviving growth and implementing structural reforms.

Capitalism’s Crises

Capitalism’s Crises
Author: Vishwas Satgar
Publisher: NYU Press
Total Pages: 366
Release: 2015-10-01
Genre: Political Science
ISBN: 1868149242

The contributors to this volume draw on a non-dogmatic Marxist approach to explain the systemic and conjunctural dynamics of crisis inherent in global capitalism. Their analysis asks what is historically specific to capitalism's crises while avoiding catastrophic or defeatist claims. At the same time the volume situates left agency within actual patterns of resistance and class struggle to clarify the potential for transformative change. The cycle of resistance strengthened by the World Socal Forum and transnational activism is now punctuated by the experience of the Arab Spring, the agency of anti-systemic movements, left think tanks, the Occupy Wall Street Movement, labour unions, left parties in Europe such as Syrizia and Podemos and peoples' budgeting in Kerala, India. On the down side, we are witnessing the waning of the Workers Party in Brazil and serious challenges for South Africa's once powerful labour movement and still formative social justice activism. All these developments are assessed in this volume. This is the second volume in the Democratic Marxism series. It elaborates on crucial themes introduced in the first volume, Marxism in the 21st Century: Crisis, Critique and Struggle (edited by Michelle Williams and Vishwas Satgar).

Investment in the Euro Area

Investment in the Euro Area
Author: Ms.Bergljot Barkbu
Publisher: International Monetary Fund
Total Pages: 30
Release: 2015-02-19
Genre: Business & Economics
ISBN: 1498311288

Investment across the euro area remains below its pre-crisis level. Its performance has been weaker than in most previous recessions and financial crises. This paper shows that a part of this weakness can be explained by output dynamics, particularly before the European sovereign debt crisis. The rest is explained by a high cost of capital, financial constraints, corporate leverage, and uncertainty. There is a considerable cross country heterogeneity in terms of both investment dymanics and its determinants. Based on the findings of this paper, investment is expected to pick up as the recovery strengthens and uncertainty declines, but persistent financial fragmentation and high corporate leverage in some countries will likely continue to weigh on investment.