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sign restrictions. Our results suggest that the sovereigns' fiscal positions improve in response to the economy expansion …
Persistent link: https://www.econbiz.de/10012843420
This paper analyses the effects of containment measures and monetary and fiscal responses on US financial markets during the Covid-19 pandemic. More specifically, it applies fractional integration methods to analyse their impact on the daily S&P500, the US Treasury Bond Index (USTB), the S&P...
Persistent link: https://www.econbiz.de/10013220137
transfers. Results are broadly consistent with an open-economy New Keynesian model. At business-cycle frequencies, cross …
Persistent link: https://www.econbiz.de/10012241154
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...
Persistent link: https://www.econbiz.de/10012553826
final high-growth scenario explores requirements and consequences for Pakistan's economy if, during the period 2013-2022, it …
Persistent link: https://www.econbiz.de/10012560158
Vietnam has experienced an impressive development transformation. The "Doi moi" course initiated in 1986 has … more than doubled from 2000 to 2014, placing Vietnam amongst the fastest growing developing economies with the most …
Persistent link: https://www.econbiz.de/10012246751
This paper reviews selected fiscal policy initiatives undertaken by US states to encourage job creation and innovation. We begin with a discussion of some general considerations about the design of tax policies summarized in a tax policy design table. Four policies are reviewed: job creation tax...
Persistent link: https://www.econbiz.de/10014264416
Globally, Vietnam is among the most open economies with a trade-to-GDP ratio of 190 percent in 2018. Through the … has made remarkable achievements in trade liberalization. Vietnam's major trade partners located in East Asia, North … relations and connectivity initiatives are relevant to Vietnam, including with Southeast Asian neighbors, and South Asia …
Persistent link: https://www.econbiz.de/10012646759
development quest. The sample includes Brazil, India, Vietnam and four African countries-Botswana, Ghana, Nigeria, and Zambia … industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012246181
High levels of trade costs persist in the world trading system, despite recent progress in tariff reduction, trade facilitation, and logistics. At least some of these costs can be attributed to non-tariff measures (NTMs), policies imposed by governments other than ordinary customs duties which...
Persistent link: https://www.econbiz.de/10012644113