Macroeconomic stability, structural reforms and sluggish growth

Slides:



Advertisements
Similar presentations
Linden Graber. * What caused the deficit? * How large are projected deficits? * How much reduction is necessary? * How quickly should the deficit be reduced?
Advertisements

Unit 2 : Macroeconomics National Council on Economic Education Macroeconomic Questions Why does output fluctuate? What determines.
1 December 17, 2008 Economic and Fiscal Update. 2 Overview Review forecast in Economic and Fiscal Statement Changes since the Statement Implications for.
Introduction Macroeconomics is the study of the structure and performance of national economies and of the government policies used to influence economic.
Terms of trade and governance in recent developments of Central Asia Eshref Trushin The views are those of the author and do not necessarily reflect opinions.
How the Great Recession Was Brought to an End Alan S. Blinder Professor of Economics, Princeton University Mark Zandi Chief Economist, Moody’s Analytics.
INDIA Policies to Reduce Poverty and Accelerate Sustainable Development through Globalization.
Recent Macroeconomic Developments Orhan Niksic The World Bank October 6, 2011.
Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.
How Exchange Rates Are Determined: A Supply-and-Demand Analysis - In Touch with the Macroeconomic : - Exchange Rate - Macroeconomic Determinants.
Economics of Systemic Transformation Transformation Strategies – between the Big Bang and Gradualism.
Warm-up: Get a yellow text 1.What does GDP stand for? 2.How do we calculate GDP? 3.What do we use to measure inflation? 4.How do we measure unemployment?
Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.
Latin America Class 4. Components of New Economic Policy Packages F creating macroeconomic stability by controlling public sector deficits F opening up.
Jorge G. Gonzalez Against All Odds The Mexican Economy.
Global economic crisis, commodity prices and development implications [ ATN12, Accra, August’09 ] Michael Herrmann Economic Affairs Officer.
Copyright © 2006 Pearson Addison-Wesley. All rights reserved Introduction The Bretton Woods system collapsed in 1973 because central banks were unwilling.
China China: Macro-Economic Policy and Performance During Transition.
Recent and Upcoming Fiscal Reforms in South Asia M. Govinda Rao Director, National Institute of Public Finance and Policy Member, Economic Advisory Council.
Dollarization Erica Vega Marlene Mata. Dollarization  Adopting a foreign currency of choice in a country in parallel to or instead of the domestic currency.
The Global Economic Crisis: Implications for Africa Dr. Lisa D. Cook Department of Economics Michigan State University.
The Macroeconomic Outlook for the Euro Area Ray Barrell (NIESR) March 2005.
1 Simple View of Exchange Rate Determination. 2 EUR exchange rate against the dollar: EUR value in USD.
1. 2 CHALLENGES AND PROSPECTS FOR THE BRAZILIAN ECONOMY José Augusto Coelho Fernandes Policy and Strategy Director, CNI Brasilia, August 31 th, 2015.
Macroeconomic Environment and Policies After Crisis In Armenia Ministry of Finance Deputy Minister Vardan Aramyan October 6, 2011.
Growth, Poverty and the Productivity Puzzle Prof. Rafi Melnick Herzliya Conference January 2007.
40 Web- 1 Copyright McGraw-Hill/Irwin, 2005 Ideology and Institutions Planning Goals and Techniques Collapse of the Soviet Economy Russian Transition.
chapter The International Monetary System McGraw-Hill/Irwin Global Business Today, 5e © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 10.
Macroeconomic Outlook 10 th Annual Waterways Symposium October 1-3, 2013.
Unit 4: Banking Section 2: What affects your $$$.
Marek Dabrowski Prospects of Economic Recovery: Potential Traps and Uncertainties Presentation for the International Conference on “The New Reform Agenda.
Supply Curve Demand Curve What happens to demand if price goes UP? What happens to demand if price goes UP? What happens to supply if price goes UP?
Economic Ups & Downs Activity Test Review. What is real gross domestic product? O Total market value of all final goods and services produced within the.
Web Ch. - 1 Copyright McGraw-Hill/Irwin, 2002 Ideology and Institutions Planning Goals and Techniques Collapse of the Soviet Economy Russian Transition.
Hungary Economic Overview Hristo Georgiev Dilyan Dimitrov.
Coping With Strong Remittances: The Case of Armenia Nienke Oomes International Monetary Fund Resident Representative in Armenia.
Middle East and North Africa Regional Economic Outlook November 2015.
OVERVIEW OF VIETNAM’S MACROECONOMY Le Hanh Thao – MA3N0208.
May 2008Gunther Schnabl, Leipzig University & CESIfo1 Exchange Rate Stabilization and Growth in Small Open Economies at the EMU Periphery Gunther Schnabl.
Trends in Ghana’s macro economy and the outlook Norway-Ghana Business Forum, November 5, 2015 Johnson P. Asiama (Dr.)
Agenda for Collaborative Research in Fiscal Policy.
U.S. Oil & Gas Industry Development of both oil and natural gas reserves in the United States is essential to meet future demand for energy The United.
US banks’ behavior since Lehman’s collapse, bailout uncertainty and ambiguity aversion Alex Cukierman 1.
RUSSIAN ECONOMY AFTER THE 1998 CURRENCY CRISIS RUSSIA REDUX? -New Left Review, No. 44,New Left Review, No. 44, -March-April 2007.March-April 2007.
Higher Oil Prices and Africa’s Growth Prospects John Page The World Bank January 2006.
Fiscal Policy Fiscal Policy - Government effort to control the economy and maintain stable prices, full employment, and economic growth. Fiscal Policy.
Kyrgyzstan at the Cross-Roads The Economic Situation in the Kyrgyz Republic Chris Lovelace Country Manager The World Bank March 3, 2006 Oxford, UK.
Solid Freeform Fabrication Laboratory Yoon, Chan April Powder delivery system Kingdom of Thailand: Strategies to Achieve Sustainable Economic Growth.
BY DENNY H KALYALYA, PHD GOVERNOR BANK OF ZAMBIA ’22 ND AFREXIMBANK GENERAL MEETING’ LUSAKA 11 JUNE 2015 DEALING WITH COMMODITY PRICE SHOCKS IN AFRICA.
A MACROECONOMIC THEORY OF THE OPEN ECONOMY 0. 1 Introduction  The previous chapter explained the basic concepts and vocabulary of the open economy: net.
Section 6: Inflation, Unemployment, and Stabilization Policies.
The Equation of Exchange & Money Neutrality
Lecture on International Monetary System
Opening Activity A: Short presentation of graphs by authors
David Dollar Senior Fellow, Brookings Institution
40 C H A P T E R WEB Transition Economies: RUSSIA & CHINA.
(from last time) HW – part 2
Macroeconomics The Big Picture.
Introduction The Bretton Woods system collapsed in 1973 because central banks were unwilling to continue to buy over-valued dollar assets and to sell.
Expectations and Macroeconomic Stabilization Policies Adaptive and Rational Expectations.
Comments: What Explains India’s Real Appreciation?
Macroeconomic Questions
Change in Average Annual Family Health Spending Under Path Proposal Compared with Projected Without Reforms: Average Savings per Family Average Savings.
How has the U. S. government historically attempted to help the U. S
ECONOMICS: April 16 Warm-up (using Act. 5-2 HO) Discretionary vs. Automatic Fiscal Policy (#1, #3, #4, #6, #7, & #10) Economics Learning Target In order.
Monetary Policy & Fiscal Policy
Macroeconomic Effect of
Financing Government Chapter 16.
Global economic crisis, commodity prices and development implications ATN12, Accra, August’09] Michael Herrmann Economic Affairs Officer Macroeconomics.
ECONOMICS: April 22 Warm-up What is the difference between discretionary and automatic fiscal policy? Economics Learning Target In order to understand.
Presentation transcript:

Macroeconomic stability, structural reforms and sluggish growth Macroeconomic stability, structural reforms and sluggish growth. The Mexican economy since 2008-2009 and the lessons of 2015 Jaime Ros

The economy’s path since the crisis of 2008-2009 2. The new government’s structural reforms: the diagnosis and its shortcomings 3. The recent collapse of oil prices, the appreciation of the dollar and fiscal adjustment. The puzzles and lessons of 2015 4. Conclusions, prospects and policy implications