Author/Editor: Thierry Tressel, Shengzu Wang, Joong S Kang, Jay C Shambaugh, Jörg Decressin, Petya Koeva Brooks.

Release Date:July, 2014

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area “deficit economies” (Greece, Ireland, more...

Author/Editor: John C Bluedorn, Jörg Decressin, Marco Terrones.

Release Date:October, 2013

This paper examines the usefulness of asset prices in predicting recessions in the G-7 countries. It finds that asset price drops are significantly associated with the beginning of a recession in more...

Author/Editor: Martin Cihak, Jörg Decressin.

Release Date:July, 2007

Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains more...

Author/Editor: Anthony Annett, Jörg Decressin, Michael Deppler.

Release Date:February, 2005

A rules-based fiscal framework, such as the EU’s Stability and Growth Pact (SGP), can be an important bulwark against short-sighted policies. Although policies have improved following the more...

Author/Editor: Jörg Decressin, Anja Decressin.

Release Date:September, 2002

This paper investigates wage setting in (west) Germany using the German Socioeconomic Panel dataset on individuals and compares the findings with those available for the United Kingdom and the United more...

Author/Editor: Sena Eken, Jörg Decressin, Filippo Cartiglia, Klaus-Stefan Enders, Saleh M Nsouli, Van Can Thai.

Release Date:December, 1995

This paper reviews and analyzes how Morocco overcame the economic and financial crisis it confronted at the beginning of the 1980s. It highlights the challenges that still confront the Moroccan more...