Three Post-Crisis Questions for Macroeconomic Policy in Southeast Europe - PowerPoint PPT Presentation

three post crisis questions for macroeconomic policy in southeast europe n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Three Post-Crisis Questions for Macroeconomic Policy in Southeast Europe PowerPoint Presentation
Download Presentation
Three Post-Crisis Questions for Macroeconomic Policy in Southeast Europe

Loading in 2 Seconds...

play fullscreen
1 / 14
Three Post-Crisis Questions for Macroeconomic Policy in Southeast Europe
4 Views
Download Presentation
picou
Download Presentation

Three Post-Crisis Questions for Macroeconomic Policy in Southeast Europe

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Three Post-Crisis Questions for Macroeconomic Policy inSoutheast Europe Susan Schadler Bank of Greece, SEESOX Conference October 16, 2009

  2. SEEs: A Modest Growth Record

  3. I. Is export orientation important?

  4. Yes, but it has a downside.

  5. II. Does using foreign savings hurt growth?

  6. No, but some capital importers suffered in the crisis

  7. III. Can risks be reduced without losing benefits of globalization? • Leave fiscal space for stimulus • Self insure? Seems to help, but why? • Flex or fix? The debate will still rage. • Tax speculative flows? Idea whose time has come.

  8. Should countries self-insure?

  9. Do reserves help in a global crisis?

  10. Time will tell

  11. Do countries save all they invest?

  12. Do countries need to save all they invest? (IV) Countries with public debt ratio below 30 percent Countries with public debt ratio above 30 percent

  13. Do countries need to save all they invest? (IV) Countries with public debt ratio below 40 percent Countries with public debt ratio above 40 percent

  14. How has growth in SEE stack up to other countries? (may be omitted)