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Cross-region transfers in a monetary union : evidence from the US and some implications

Pennings, Steven - 2020

US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...

Persistent link: https://www.econbiz.de/10012241154

Latin American growth : a trade perspective

Torre, Augusto de la; Ize, Alain - 2019

This paper reviews the determinants of Latin America's uneven growth based on an accounting decomposition that breaks down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction exerted by the country's exports, (ii) an external...

Persistent link: https://www.econbiz.de/10012051845

Poverty convergence in a time of stagnation : a municipal-level perspective from Mexico (1992–2014)

López-Calva, Luis F.; Ortiz-Juarez, Eduardo; … - 2019

This paper exploits a novel municipal-level data set to explore patterns of convergence in income and poverty in Mexico … evidence of income and poverty convergence at the municipal level. The findings suggest that these convergence processes stem …

Persistent link: https://www.econbiz.de/10012121224

Productivity convergence is anyone catching up?

Kindberg-Hanlon, Gene; Okou, Cedric - 2020

percent. Average productivity growth in EMDEs has picked up rapidly since 2000, renewing interest in the convergence … rate of convergence remains low, with current growth differentials halving the productivity gap only after over 100 years …. Behind the low average pace of convergence lies considerable diversity among groups of countries converging toward different …

Persistent link: https://www.econbiz.de/10012297202

Reversal of fortune for political incumbents after oil shocks

Arezki, Rabah; Djankov, Simeon; Nguyen, Ha; Yotzov, Ivan - 2020

incumbents. The analysis verifies that these shocks - which reduce consumption growth - are associated with worsening performance …

Persistent link: https://www.econbiz.de/10012257010

Dollarization dilemma : price stability at the cost of external competitiveness in Cambodia

Samreth, Sovannroeun; Sánchez-Martín, Miguel Eduardo; … - 2019

Cambodia has recorded both rapid economic growth and macroeconomic stability in recent decades despite (or thanks to) high levels of dollarization. Previous studies on dollarization in Cambodia have largely focused on examining its causes and estimating seigniorage losses. As an attempt to...

Persistent link: https://www.econbiz.de/10012051925

Inflation in low-income countries

Ha, Jongrim; Ivanova, Anna; Montiel, Peter; Pedroni, … - 2019

This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies,...

Persistent link: https://www.econbiz.de/10012059222

When the cycle becomes the trend : the emerging market experience with fiscal policy during the last commodity super cycle

Amra, Rashaad; Hanusch, Marek; Jooste, Charl - 2019

Fiscal buffers have shrunk across the world. This paper argues that limited fiscal room in emerging market economies today is partly due to the commodity super cycle of 2000-15. The super cycle created the mirage that economic performance had structurally improved, mistaking a long,...

Persistent link: https://www.econbiz.de/10012004767

Mongolia Economic Update, July 2018 : Fiscal Space for Growth - The Role of Public Investment Spending Efficiency

World Bank Group - 2018

The report and the summary review the recent economic and fiscal performance of Mongolia; outline current medium-term prospects of Mongolia's economy; discuss short-term risks and structural vulnerabilities; and comment on the efficiency of past public investment programs and practices

Persistent link: https://www.econbiz.de/10012645411

Fiscal Rules in Times of Crisis

Bandaogo, Mahama Samir - 2020

As governments around the world struggle to piece together the most effective fiscal response to counter the economic and social impact of the COVID-19 outbreak, some are facing constraints imposed by fiscal rules enacted in the past to ensure fiscal discipline. The outbreak has revealedthe...

Persistent link: https://www.econbiz.de/10012647392