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Posted on May 17th, 2012
Few senior business leaders across Europe are aware of the European Union’s significant investment in innovation in recent years according to a study launched today by Ernst & Young and the Centre for European Policy Studies, The Power of Simplicity. The study surveyed 680 business leaders from 15 EU Member States and found [...]
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Posted on May 17th, 2012
This paper assesses the impact of fiscal consolidation on income inequality. Using a panel of 18 industrialized countries from 1978 to 2009, the authors find that income inequality significantly rises during periods of fiscal consolidation. In addition, while fiscal policy that is driven by spending cuts seems to be detrimental for income distribution, [...]
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Posted on May 15th, 2012
Services trade continues to be the most dynamic part of world trade, and service sectors have long been the largest destination of foreign direct investment flows. Countries can reap huge potential gains through greater liberalization of services trade and investment, including increased job creation, greater economic efficiency, more variety, and lower costs of [...]
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Posted on May 15th, 2012
The Macroeconomic Review is published twice a year in conjunction with the release of the MAS Monetary Policy Statement. The Review documents the Economic Policy Group’s (EPG) analysis and assessment of macroeconomic developments in the Singapore economy, and shares with market participants, analysts and the wider public, the basis for the policy decisions [...]
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Posted on May 14th, 2012
In traditional banking arrangements, households hold their savings in the form of deposits at the bank, which makes loans to both firms and households and holds these loans to maturity. But in the United States, and to a lesser extent in other developed countries, markets have increasingly taken over the roles traditionally played [...]
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230 pages
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