Download or read book Portugal written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-09-12 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper describes financial conditions and growth at risk in Portugal. The macro-finance literature and recent experience provide compelling evidence that financial imbalances grow in good times, creating downside risks to economic growth. The analysis highlights the importance of the price of risk, leverage and credit growth as leading indicators of risks to gross domestic product growth. The price of risk appears to provide the most powerful signal in the short term, while credit aggregates are the most significant predictor in the medium term. This finding is consistent with the volatility paradox and is line with other empirical studies. The Growth-at-Risk (GaR) model suggests contained downside risks to Portugal’s growth projections at the current juncture based on financial conditions data, but credit growth should continue to be monitored given still high leverage. The moderate risk to growth identified by the GaR model reflects the impact of low credit spreads and volatility in the financial markets, in their turn reflecting the prevailing policy mix. Still, a repricing of risks and other shocks could be magnified by the still-high leverage, and lead to less favorable growth outcomes.

Download or read book Portugal written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-06-22 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portugal: Selected Issues

Download or read book Portugal written by International Monetary Fund Staff and published by . This book was released on 1998-02-01 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Portugal Selected Issues written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-01-15 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Portugal reviews a set of issues of relevance to the regime change implied by European Monetary Union participation. It presents an empirical investigation of the business cycle in Portugal. The paper attempts to obtain a quantitative sense of the impact of monetary policy on the Portuguese economy, utilizing an unrestricted vector autoregression methodology to characterize the monetary transmission mechanism. It also examines some key forces at work in Portugal’s external sector from different vantage points.

Download or read book Portugal written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-05-15 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Portugal written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-09-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portugal: Selected Issues

Download or read book Portugal written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-12-16 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper and Statistical Appendix examines Portugal’s real convergence experience, and highlights the growth payoff of reform policies in determining the country’s rapid growth during most of the past decade. The paper identifies potential areas for reform by examining developments in the unemployment–vacancy relationship since the early 1980s. The paper highlights that an issue for Portugal as a prospective European Monetary Union member is that of the strength of its financial links with Spain. The paper also examines such linkages as derived from daily data on short-term interest rates.

Download or read book Portugal Selected Issues and Statistical Appendix written by María Vicenta Carković S. and published by . This book was released on 1996 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Portugal written by Benedict Clements and published by . This book was released on 2000 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dated November 1999.

Download or read book Portugal Selected Issues written by and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Portugal written by International Monetary Fund Staff and published by . This book was released on 1998-12-01 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Portugal Selected Issues written by and published by . This book was released on 1998 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Structural Reforms and Macroeconomic Performance Initial Considerations for the Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-14 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.

Download or read book Portugal written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-09-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portugal has made notable progress over the past year in reducing uncertainty over near-term risks. Strong efforts to contain spending and meet last year’s headline fiscal deficit allowed Portugal to exit the Excessive Deficit Procedure, while stability and confidence in the banking system have improved following successful efforts to raise capital. Improved market sentiment regarding Portugal’s near-term prospects has contributed to a sharp narrowing in sovereign debt spreads since mid-March.

Download or read book Labor Market and Digitalization in Portugal written by Mr. Ippei Shibata and published by International Monetary Fund. This book was released on 2023-07-11 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes Portugal's labor market and digitalization trends during COVID-19. Portugal had a milder impact on its labor market than previous recessions, with smaller employment declines and less unemployment. However, labor force participation sharply dropped, especially among low-skilled and young workers. Contact-intensive and non-digital jobs and young and low-skilled workers were disproportionately affected. Conversely, digital employment in Portugal grew while non-digital employment decreased. Regression analysis for Europe and the US suggests a temporary rise in digital employment during the pandemic. Policy emphasis on digitalization investments and skills development is crucial for a resilient labor market in Portugal, considering future shocks.

Download or read book Portugal Selected Issues and Statistical Appendix written by Jörg Decressin and published by . This book was released on 1998 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Portugal written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2013-01-09 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.