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Persistent link: https://www.econbiz.de/10009717098
The economy of Moldova, which has one of the lowest levels of gross national income per capita in the World Bank Europe … Union and the Commonwealth of Independent States. This paper analyzes a set of scenarios for Moldova up to 2020, defined to … have similar effects on gross domestic product, suggests that a remittance shock leads to less of a poverty increase …
Persistent link: https://www.econbiz.de/10012974608
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We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....
Persistent link: https://www.econbiz.de/10012922628
We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....
Persistent link: https://www.econbiz.de/10011848133
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012162730
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The distribution of consumption in Moldova implies that changes in workers' remittances, migration, and energy prices … shock is spread through the economy, although the poor are most affected because they consume somewhat more energy in … into the dynamics of family solidarity and dissolution in Moldova, since this may suggest interventions to reduce child …
Persistent link: https://www.econbiz.de/10012550872
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