This paper examines the association between episodes of large fiscal impulses (expansions and adjustments) and sustainable development indicators (prosperity, resilience, and inclusivity).We provide country studies of Chile, Poland, South Africa, and Thailand, examining the components of...

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

During decades of market development, the individual financial markets of the member economies of the Association of Southeast Asian Nations (ASEAN) have been progressively incorporated into regional and international markets. The aim of this study is to explore and measure the strength and...

We present a new model on the impact of terrorism on the Deglobalization process. The channels are faster poverty expansion, largest flows of refugees, expansion of trade protectionism, and last but not least, the dramatic expansion of economic desgrowth. This new model is entitled “The...

We perform simulations to assess the impact of a war between the US and Iran on global oil price behavior. To do so, we evaluate different levels of war intensity and oil price behavior from a multidimensional perspective. In this context, we simulate various scenarios using a simulator which is...

We perform simulations to assess the impact of a war between the US and Iran on global oil price behavior. To do so, we evaluate different levels of war intensity and oil price behavior from a multidimensional perspective. In this context, we simulate various scenarios using a simulator which is...

The paper compares fiscal cyclicality across regions and countries from 1960 to 2016. It finds that more than half of 170 countries analyzed in seven regions had, in more recent years, limited fiscal space, and that their fiscal policy was either cyclical or procyclical. This was particularly...