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The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
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final high-growth scenario explores requirements and consequences for Pakistan's economy if, during the period 2013-2022, it …
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. The paper illustrates the decomposition using data for Morocco and Vietnam, and the results offer some surprising insights …
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By international standards, and given its relatively low per capita income, Vietnam has achieved substantial reductions … inequalities in child survival are evident in Vietnam-a change from the early 1990s when none were apparent. The authors develop … progress among the poor will jeopardize Vietnam's chances of achieving the international development goals for child mortality …
Persistent link: https://www.econbiz.de/10012559592
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain … this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization …. Relating these changes to the empirical growth literature, the author finds that Vietnam's growth acceleration is about what …
Persistent link: https://www.econbiz.de/10012559599
There is an ongoing debate about austerity and stimulus in the Euro zone. Moreover, given the fiscal and financial problems in the region, a default has appeared likely at times. In this context, this paper develops a dynamic stochastic quantitative model of sovereign default with fiscal policy,...
Persistent link: https://www.econbiz.de/10010370901