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A Broad View of Macroeconomic Stability

José Antonio Ocampo

in The Washington Consensus Reconsidered: Towards a New Global Governance

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199534081
eISBN:
9780191714658
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534081.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter recommends a broad concept of macroeconomic stability, whereby ‘sound macroeconomic frameworks’ include not only price stability and sound fiscal policies, but also a well-functioning ... More


Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?

Philippe Aghion and Ioana Marinescu

in Perspectives on the Performance of the Continental Economies

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262015318
eISBN:
9780262295413
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262015318.003.0008
Subject:
Economics and Finance, Econometrics

This chapter analyzes the relationship between growth and the cyclicality of the budget deficit using yearly panel data on OECD countries. It shows that the budget deficit has become increasingly ... More


The Politics That the Euro Needs

Martin Sandbu

in Europe's Orphan: The Future of the Euro and the Politics of Debt

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691175942
eISBN:
9781400885510
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691175942.003.0009
Subject:
Business and Management, Political Economy

This chapter reflects on the political imperative of establishing a coalition among eurozone countries and institutions that can achieve the economic goals listed in the previous chapter and ... More


The Countercyclical Behaviour of National Development Banks in Latin America and the Caribbean

Michael Brei and Alfredo Schclarek

in The Future of National Development Banks

Published in print:
2018
Published Online:
November 2018
ISBN:
9780198827948
eISBN:
9780191866630
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198827948.003.0011
Subject:
Economics and Finance, Financial Economics, Development, Growth, and Environmental

This chapter investigates the cyclical lending patterns of national development banks (NDBs), comparing their lending activity with that of public, foreign, and domestic private banks over the period ... More


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